Under a 12-month trading offtake agreement, South Africa’s Optimum and Koornfontein coal mines will supply at least 200,000metric tons (mt) per month to Vitol, a commodities trading firm. The deal will help save the mines from liquidation. To facilitate the coal supply agreement, business rescuers Louis Klopper and Kurt Knoop entered a 12-month management agreement with investment firm Burgh Group and its operations division Ezimbiwayo Consulting.
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