Optimum off to a slow start

BLACK-owned and controlled mining group Optimum Coal Holdings raised R1,5billion in its public offering yesterday, slightly short of its target of R1,6billion, its chief executive said.

BLACK-owned and controlled mining group Optimum Coal Holdings raised R1,5billion in its public offering yesterday, slightly short of its target of R1,6billion, its chief executive said.

Mike Teke said the firm was content with the response to the listing, although Optimum's shares opened lower on its first day of trading at R31,85 per share, falling short of the placement price of R32. - Reuters

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