Nature of Business
Optimum Coal is South Africa’s sixth-largest coal producer and fourth-largest coal exporter. Listed on the JSE Ltd in March 2010, the company is blackowned and controlled, with 61.18% of its shares being held by HDSAs.
The company has two large operating mining complexes, both located in the Mpumalanga province. Optimum Collieries is an opencast and underground mining complex, while Koornfontein Mines is an underground mining complex. Brownfields and greenfields projects are situated in the Limpopo and Mpumalanga provinces. The company owns 8.44 million tons per annum (mtpa) of coal export entitlement at RBCT and has a substantial infrastructure footprint including, two rapid load-out facilities, six coal-washing plants and nine draglines.
Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.
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