Ghosts of the Guptas still haunt Optimum coal mine Moneyweb
Oct 08, 2018· Ghosts of the Guptas still haunt Optimum coal mine . ... a share in the Richards Bay Coal Terminal and Koornfontein Mines. ... South Africa. Africa. International.
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Oct 08, 2018· Ghosts of the Guptas still haunt Optimum coal mine . ... a share in the Richards Bay Coal Terminal and Koornfontein Mines. ... South Africa. Africa. International.
New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is wellpositioned to supply Eskom''s new Kusile Power Station. For further information on the Coal Resource please refer to the Anglo American Ore Reserves and Mineral Resources Report 2016.
Coal miner community shows the beautiful side of South Africa When the formerly Guptaowned mines were placed under business rescue last year, staff never knew from one day to the next whether ...
Jan 15, 2019· A South African consortium called Project Halo won a bid to buy Optimum Coal Mine, Koornfontein Mine and Optimum Coal Terminal for billion from Tegeta Exploration and Resources, a mining ...
1. Optimum Coal Mine (Pty) Ltd (in business rescue) for the sale of assets. Located in the Mpumalanga province. OCM has open cast strip and underground sections. OCM owns 8 draglines, 2 processing plant, 1 railway siding, 1 rapid load out facility, 15 ML/day water reclamation plant. Life of mine is 2030+.
View all in Video. CARTOON: Bunny Bones ... NUM members to strike at Guptaowned Koornfontein mine. ... The controversial family''s other operation Optimum coal mine in Mpumalanga failed to pay its ...
View all in Video. CARTOON: Bright Excuses ... Ephron was Glencore''s CEO when the company sold its Optimum coal mine to Guptaowned Tegeta. ... Optimum, Koornfontein miners set to continue ...
The sale of Optimum Coal — which consists of the Optimum and Koornfontein coal mines, as well as their coal export allocations at the Richards Bay Coal Terminal, considered the prize asset ...
The National Union of Mineworkers (NUM) on Monday expressed its dissatisfaction over the nonpayment of employees'' salaries at the Optimum and Koornfontein coal mines for the past two months.
South Africa''s Optimum and Koornfontein coal mines will supply a minimum of 200,000 t/month to commodities trading firm Vitol under a 12month offtake agreement that will help save the ...
Sep 10, 2019· BUSINESS rescue practitioners (BRPs) are expected to select the winning bid for Koornfontein coal mine by the end of the this month, according to a report by IHS Markit. A decision on the successful bid for Optimum Coal Mine is expected soon thereafter, said the industry publication citing two sources involved in the process. BRPs [.]
Aug 23, 2017· Guptas selling Tegeta mining interests ... Tegeta is made up of Optimum‚ Koornfontein and the Optimum Coal Terminal‚ which has recently seen a .
The business rescue practitioners (BRPs) for the Optimum coal mine and the Koornfontein mines have put the assets back up for sale. The BRPs, along with major creditors, have set the closing date ...
Optimum and Koornfontein mines and coal terminal operations went under business rescue on February 20 as a result of the Bank of Baroda announcing its withdrawal from South Africa effective on ...
Koornfontein coal mine is the second Guptaaffiliated mine not to pay salaries to its workers. This was revealed by the National Union of Mineworkers (NUM) and follows the failure of Optimum coal ...
Eskom reportedly said it was making plans to divert coal from other mines if coal supplies form Optimum and Koornfontein dropped. ... with a view to ensuring that they continue to perform, in ...
Sep 28, 2018· The company''s contracts to supply coal to the embattled power utility Eskom at three of its mines – Koornfontein, Brakfontein and Optimum .
The Guptaowned Optimum coal mine in Mpumalanga could lose its mining licence if its water supply to the town of Hendrina is not restored, a mining law expert says. Hendrina''s water reservoir is ...
Our flagship operations are Optimum Collieries and Koornfontein Mines in Mpumalanga. Optimum Coal is the sixth largest producer of thermal coal in Southern Africa, SArsquos fourth largest coal exporter with significant shareholding of RBTC and a key supplier of coal to Eskom.
Feb 26, 2018· The union also confirmed that workers at the Optimum Coal Mine had not received their wages by Friday morning. Workers at that mine will also not go to work until their salaries are paid, according to NUM. Optimum Coal Mine, Koornfontein Mine and Shiva Uranium are all owned by companies that fall within the larger Gupta empire.
Optimum coal mine in business rescue. ... revealed on Thursday that Optimum Coal Mine, Koornfontein Mines and Optimum Coal Terminal was placed into business rescue. ... View .
Apr 13, 2018· Entrepreneur Quinton van der Burgh says he plans to have two of the crippled Gupta mines financially stable in two months and increase coal production within six months. Van der Burgh has won a temporary contract to keep Optimum and Koornfontein mines afloat.
Sep 18, 2019· Dubai''s DSA Investments has teamed up with two South African companies to bid for coal assets that Glencore was pressured into selling to a .
May 23, 2019· Optimum Coal Mine together with Optimum Coal Terminal and the independent Koornfontein Mines, in Mpumalanga are now up for sale within strict parameters as governed by the provisions regulating entities under Business Rescue. These companies commenced business rescue proceedings in February 2018 ...
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