re: Ann: Update on Option to Acquire U.S. Coa... Tabang went terribly wrong and everything was dependend on proving that business case @nameplate capacity, including the operations in SA. After the collapse of Tabang they had to re-pimp Cessnock first to prove BCB. Meanwhile Optimun/Glencore & Xstrata got amorous and management changes @Optimum. Hopefully we will see some progress once the Xstrata deal is finally over the line around 15/3/2013.
Looking forward to sue the indonesian mob @Singapore.
Ann: Update on Option to Acquire U.S. Coal Compan, page-4
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