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Optimum Coal says Glencore unit has 14.1 pct stake it

sharenet | August 29, 2011 | 1:01 pm Energy Africa Europe Coal 
finance mining stocks

South Africa’s Optimum Coal said on Monday that a unit of Glencore, the world’s largest commodity trader, had bought a 14.1 percent stake in it.

The announcement comes after Optimum, South Africa’s sixth-largest coal producer, confirmed on Friday that it had received takeover approaches.

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