OPT - Optimum Coal Holdings Limited - Acquisition of TNC Prospecting Rights
OPT
OPT
OPT - Optimum Coal Holdings Limited - Acquisition of TNC Prospecting Rights
Optimum Coal Holdings Limited
(Registration number: 2006/007799/06)
JSE share code: OPT
ISIN: ZAE000144663
ACQUISITION OF TNC PROSPECTING RIGHTS
We wish to inform shareholders that the acquisition of the TNC Prospecting
Rights from Umcebo Mining (Pty) Ltd has been concluded and the purchase price of
R422 million has been settled out of existing cash resources.
CEO Mike Teke commented, "We are delighted to have completed this resource
acquisition near Koornfontein Mines. This will ensure a critical high export
quality life extension at this operation further enabling us to leverage current
infrastructure and our direct access to export markets."
22 February 2012
Johannesburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Financial Communications Advisers
COLLEGE HILL
Date: 22/02/2012 13:08:02 Produced by the JSE SENS Department.
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