OPTIMUM COAL MINE (PTY) LTD, KOORNFONTEIN MINES (PTY) LTD & OPTIMUM COAL TERMINAL (PTY) LTD. ALL IN BUSINESS RESCUE
26 JUL 2019 AT 13:00 CAT COMPLETED
By order of The Joint Business Rescue Practitioners
Invitation to submit offers: sale of share and/or assets for: Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd & Optimum Coal terminal (Pty) Ltd.
Invitation to offer Post Commencement Finance (PCF)
We hereby invite interested parties to submit offers for:
1. Optimum Coal Mine (Pty) Ltd (in business rescue) for the sale of assets. Located in the Mpumalanga province. OCM has open cast strip and underground sections. OCM owns 8 draglines, 2 processing plant, 1 railway siding, 1 rapid load out facility, 15 ML/day water reclamation plant. Life of mine is 2030+. Including resources, properties and related licenses. Invitation to offer PCF
2. Koornfontein Mines (Pty) Ltd (in business rescue) for the sale of assets and sale of shares in-line with the RBCT shareholders agreement. Located in the Mpumalanga province. KFM has a 1.5mt/PA export allocation. It has underground operations, 3 processing plants, 2 railway sidings, rapid load out facility. Life of mine is 2030+. Including resources, properties and related licenses. Invitation to offer PCF
3. Optimum Coal Terminal (Pty( Ltd (in business rescue) for the sale of shares in-line with the RBCT shareholders agreement. 6.5mt/PA export allocation.
Interested parties are to refer to the Introduction letter and Vetting Requirements available in the downloadable section.
Kindly make contact with John Taylor should you require further information.
NOTICE TO PURCHASERS:
Buyers premium: 0%
Inspection details: Strictly by appointment only
Payment date: As per details in the Offer To Purchase document. Avaialble in the data room
Equipment removal date: Not applicable
Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded on our website.