South African coal miner Optimum Coal Holdings Ltd. expects to increase output by 11 percent this fiscal year to about 10.5 million metric tons according to Chief Executive Officer Mike Teke.
Forty-five per cent of Optimum’s output goes to the power utility Eskom Holdings Ltd., with the other 55 per cent marked for export. Mr Teke said that Optimum sold 9.3 million tons of coal in the year to June of which about 45 percent was exported.
Optimum’s assets are based near the eastern town of Witbank in Mpumalanga province and production in the region is expected to hit peak output in the next decade.
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