South Africa: Templar Capital Ltd Proposes R1.3bn Debt to Equity Conversion to Rescue Optimum Coal Mine

press release

Johannesburg — Templar Capital Ltd ("Templar"), the multi-award-winning international investment firm, is currently the largest independent creditor in Optimum Coal Mine (Pty) Ltd (in business rescue) ("Optimum").

Optimum was placed into business rescue in February 2018 and various attempts have been made over the past 2.5 years by the business rescue practitioners of OCM to source sufficient post commencement finance to bring the mine back into full production and/or to sell Optimum or its assets in order to provide Optimum's creditors with the best possible return.

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