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Optimum's sale of coal exports rights 'makes sense' – analyst

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Cape Town - It would make sense if Optimum Colliery sold its coal export allocation through the Richards Bay Coal Terminal (RBCT), said independent energy analyst Ted Blom, as Optimum receives “very good prices” from Eskom and therefore doesn’t have to rely on exports. 

“The company has indicated that they’re focusing on Eskom, and therefore they won’t need to access such a big export market,” Blom told Fin24 by phone. 

Miningmx reported this week that the Gupta family-controlled Oakbay Investments has allegedly sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to the private international coal trading firm Vitol for around $250m.

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