EXXARO: 12,416 +146 (+1.19%)
South Africa's Exxaro interested in Optimum coal export quotas
JOHANNESBURG, March 8 (Reuters) - South African miner Exxaro
Resources said on Thursday that it is interested in
buying the coal export quotas belonging to the Optimum Coal
mine, which is in business rescue proceedings.
Chief Executive Mxolisi Mgojo made the remarks during a
results presentation after the company reported a 65 percent
drop in full-year profit stemming from costs related to an
investment vehicle used to boost black share ownership.
(Reporting by Tanisha Heiberg; editing by Jason Neely
Writing by Ed Stoddard)
First Published: 2018-03-08 12:23:54
Updated 2018-03-08 12:36:47
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