After a collaborative, competitive and transparent sales process that closed on Friday 26 July, the business rescue practitioners of Optimum Coal Mine, Optimum Coal Terminal and Koornfontein Mines announced that no less than eight offers had been received for the assets of these companies.

The South African Institute of Auctioneers (SAIA) advise members of the public and stakeholders, for greater peace of mind, to only buy and sell with a SAIA registered auctioneer.

A short summary of activities pertaining to ethical conduct

Mr Stanley Hack (98) was the first person to receive Honorary Life Membership of SAIA at this year’s AGM.