South Africa's Optimum Coal Confirms Expressions Of Interest

South African coal producer Optimum Coal Holdings Ltd. (OPT.JO) confirmed Friday that it has received expressions of interest to purchase part of the company but no firm offers have been made yet, it said amid media reports that Glencore International PLC (GLEN.LN) is considering a bid for the miner.

"The board of directors of Optimum...wish to inform shareholders that it has received unsolicited, non-binding expressions of interest from third parties to acquire a controlling interest in Optimum," the coal miner said.

"Shareholders are advised that there is currently no certainty that Optimum will receive a firm intention to make an offer from any party," it added.

Thursday, Glencore presented its results and chief executive Ivan Glasenberg said: "we do take the view that there [are]...cheap opportunities out there." That followed an announcement Wednesday that the recently listed company tabled an offer valuing Australian nickel miner Minara Resources Ltd. (MRE.AU) at 1.02 billion Australian dollars ($1.07 billion).

-By Devon Maylie, Dow Jones Newswires; +27 11 783 7848; devon.maylie@dowjones.com

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