RBCT coal exports down to 5.17Mt in April

South Africa exported 5.17-million tons of coal from the Richards Bay Coal Terminal in April, down from 6.24-million tons the previous month, data showed on Monday. Africa's biggest economy - a major exporter of coal to power stations in Europe...

Trust rolls out programme to stimulate maths learning and teaching at 21 Mpumalanga schools

The Optimum Community Trust unveiled a new programme aimed at stimulating mathematical learning and teaching across 21 schools in the Steve Tshwete local municipality community in Mpumalanga.

Glencore acquires controlling stake in Optimum Coal

Commodities trader Glencore International said on Tuesday it had acquired a further 36.56% interest in the Optimum Coal, following unconditional approval by the South African competition authorities. The consortium now holds directly and...

Company Announcement: Optimum Coal receives another accolade for socio-economic contribution

JOHANNESBURG – Optimum Coal, South Africa’s sixth largest coal producer and fourth largest coal exporter recently received yet another accolade commending its exceptional contribution to socio-economic development (SED) and transformation in...

Optimum Coal buys prospecting rights near Koornfontein

South Africa’s fourth-largest coal producer, Optimum Coal, has completed the acquisition of the TNC prospecting rights from Umcebo Mining. The R422-million acquisition, which was settled out of existing cash resources, has unlocked the...

Optimum Coal to report lower half-year earnings

JSE-listed Optimum Coal on Thursday said its operating cash surged in the six months to the end of December, but that it would report lower half-year earnings. Operating cash generated during the six months climbed 62% to R716-million, up from...

Optimum Coal production performance ‘disappoints’

JSE-listed Optimum Coal’s run-of-mine (ROM) production dropped to 7.441-million tons in the first half of the 2012 financial year, from 8.789-million tons a year earlier. The company on Friday reported a production drop of more than 20% for...

Optimum’s water reclamation project using world-first HiPRO process

The Optimum Water Reclamation Project is only the second plant of its kind in South Africa and is leading the way internationally in mine water treatment, says Engineering and environmental consultants Golder Associates Africa.

Company Announcement: Optimum Coal Hands Over Community Facilities Worth More Than R7 Million While Bringing Joy To Senior Citizens With A Christmas Celebration

Optimum Coal, South Africa’s sixth largest producer of thermal coal with operations in the Mpumalanga coalfields, today handed over community facilities in excess of R7 million.

Optimum says Glencore to make offer next year

JSE-listed Optimum Coal said on Wednesday that a Glencore consortium would not pursue a general offer anymore and that it would make a mandatory offer next year. The mandatory offer would be made before the end of the first quarter of 2012,...

Optimum Coal secures R2.2bn loan facility

JSE-listed Optimum Coal said on Wednesday that a new R2.2-billion debt facility would enable the company to fund near-term capital and growth commitments. The company entered into the revolving credit facility with a consortium of lenders...

Industrial action hits Optimum Coal output

Industrial action impacted on JSE-listed Optimum Coal’s first-quarter production performance, with output declining by 11%. Optimum Coal, which Glencore and local businessperson Cyril Ramaphosa want to buy, produced 3.755-million tons of...