Glencore's Optimum Coal Operation Said to Draw Buying InterestBy , , and
Low coal prices drove Optimum into business rescue in August
South African power utility wants to keep supply contract
Glencore Plc’s Optimum Coal unit, which went into “business rescue” in August citing an unprofitable deal to supply South Africa’s power utility with the fuel, may be sold, with at least one offer being considered, according to three people familiar with the situation.
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