EXXARO:  13,858   +12 (+0.09%)  17/12/2018 00:00

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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