BEE group set to acquire coal mine

19 February 2007 - 02:00
By unknown

BHP Billiton Energy Coal South Africa hopes to conclude the sale of its Optimum coal mine by the end of the second quarter to a black econo-mic empowerment group. The consortium, led by Eliphus Monkoe, former chief operating officer of BHP's South African coal operations, will include a significant stake for Optimum employees and the surrounding community. - Reuters

BHP Billiton Energy Coal South Africa hopes to conclude the sale of its Optimum coal mine by the end of the second quarter to a black econo-mic empowerment group. The consortium, led by Eliphus Monkoe, former chief operating officer of BHP's South African coal operations, will include a significant stake for Optimum employees and the surrounding community. - Reuters