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Optimum Coal commences business rescue proceedings
posted:
04/08/2015
Optimum Coal commences business rescue proceedings
Johannesburg, South Africa, 4 August, 2015
Glencore announces that the directors of its subsidiaries, Optimum Coal Holdings and Optimum Coal Mine (Optimum), have resolved to commence business rescue proceedings and place both companies under supervision given continued and unsustainable financial hardship.