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OPT - Optimum Coal Holdings Limited - Acquisition of TNC Prospecting Rights

Release Date: 22/02/2012 13:08
Code(s): OPT
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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