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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   04/08/2015
 
Optimum Coal commences business rescue proceedings
 
Glencore announces that the directors of its subsidiaries, Optimum Coal Holdings and Optimum Coal Mine, have resolved to commence business rescue proceedings and place both companies under supervision.
 
Optimum has over the last 6 months taken various steps to restructure its operations and reduce its costs, including downscaling its operations and reducing its production. Optimum has, however, continued to suffer financial hardship as a result of its agreement with Eskom.
 
Optimum is contracted to supply 5.5 million tons per annum to Eskom following an agreement signed in 1993. This agreement has resulted in Optimum supplying coal to Eskom at a cost significantly less than the cost of production for a number of years.

 
 
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