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Optimum Coal Holdings

Tegeta offer for Optimum Coal considered only credible bid

Optimum Coal Holdings business rescue practitioners (BRP) have issued a statement confirming that Endulwini Mining did make a R1.5 billion purchase offer for Optimum mine last year but only Tegeta’s offer was considered credible. The...

Optimum Coal starts business rescue amid Eskom coal supply agreement termination

Optimum Coal Holdings and Optimum Coal Mine have commenced business rescue proceedings and placed both companies under supervision given continued and unsustainable financial hardship facing the companies. This follows attempts to renegotiate an old supply agreement, with Eskom, which...