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Optimum and Koornfontein coal mines up for grabs - Miningmx

May 23, 2019 · Optimum Coal Mine's assets includes an open cast strip and underground sections, eight draglines, two processing plants, a railway siding, a rapid load-out facility and a 15 mega litres-per-day water reclamation plant. Operations can extend well beyond 2030.

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Eskom and the sale of Optimum Coal Mine | GroundUp

Nov 29, 2016 · Glencore had put the Optimum Coal Mine (OCM) – one of the three entities in OCH – into business rescue. Eskom, as OCM's only customer, had stated that it would only approve a change in OCM's ownership if the new owner agreed to pay the R2 billion penalty debt owed to Eskom because the mine had provided the power supplier with ...

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WATCH: Former Gupta-linked Optimum Coal Mine goes up in ...

Sep 16, 2019 · Optimum Coal Mine in Middelburg, Mpumalanga went up in flames after a fire set the mine's conveyor belts alight on Sunday. The Middleburg .

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We won bid for Gupta mines 'fair and square' - new owners ...

Jan 15, 2019 · Project Halo, the consortium which won a bid for the mines owned by Tegeta Exploration & Resources, has rejected allegations of impropriety in the process to secure the assets. In December, the consortium put forward R3.6bn for Optimum Coal Mine, Koornfontein Mine, and Optimum Coal Terminal, previously owned by a company linked to the Gupta family.

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Optimum coal mine - Eyewitness News

Workers at Optimum and Koornfontein coal mines last received a payment in October, with mining operations coming to an end in December. 448 days ago Ex-Glencore CEO lifts lid on Eskom tactics to ...

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Gupta mine shutdown won't leave SA in darkness: Eskom

South Africans do not need to fear periods of darkness due to the shutdown and failure of the Gupta-owned Optimum Coal Mine to supply coal to Eskom.

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Optimum Coal Mine; Shiva Uranium Mine; Lily Mine Progress ...

DMR on latest developments on Optimum Coal Mine in Mpumalanga including Shiva Uranium Mine in Northwest and Lily Mine in Mpumalanga. Meeting Summary. The Department of Mineral Resources presented its findings on the latest developments at the Tegeta mines since its last meeting with the Portfolio Committee. The Committee was also updated on the ...

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Optimum Coal Holdings Pty Ltd - Company Profile and News ...

Optimum Coal Holdings mines thermal coal in South Africa. The Company supplies coal to an electricity generating company, owns an interest in a coal terminal, and exports coal.

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Optimum rescuers in talks with a major creditor

Optimum, which includes a valuable export allocation at the Richards Bay Coal Terminal, was bought from Glencore by the controversial Gupta family's Tegeta Exploration and Resources in 2016 but ...

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Optimum Coal - News Archive - HRPulse

1. Eskom cuts power at Optimum Coal and leans towards liquidation (News) Eskom has cut the power at Gupta-owned Optimum Coal and wants it liquidated. It blames the mine's business rescue practitioners (BRPs) for failing to bring it back to profitability.

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Optimum Coal Mine | Mining News

Eskom considering Optimum Coal Mine proposal Phila Mzamo | May 1, 2018 Eskom says it is currently considering Optimum Coal Mine's business rescue practitioners' proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage. In its statement on Monday, Eskom said it...

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Optimum coal mine in business rescue - IOL

Feb 22, 2018 · Optimum coal mine in business rescue By Staff Reporter Feb 22, 2018 JOHANNESBURG - Workers at the Gupta-owned Optimum coal mine in Mpumalanga, this week downed tools, demanding answers from...

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Bids open for Optimum, Koornfontein coal mines

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 ...

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Mining Jobs in Middelburg, Mpumalanga - - July 2020 ...

5 – 10 years underground coal mining experience. They will need to ensure optimal utilisation of mining or mineral resources and maximizing profitability of. 30+ days ago

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What happens when the biggest mine in the area shuts shop ...

May 03, 2019 · The ongoing business rescue at Optimum Coal has finally claimed its first victims – more than 400 workers at the mine were served with retrenchment letters last week. This is the first retrenchment since the Guptas took over the mine in 2015, and a year after the mine was placed under business rescue in February 2018.

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Zuma's son gifted shares in Gupta owned company: report

Mar 07, 2016 · Three weeks before a deal went through to buy Optimum Coal mines, shares in a Gupta-controlled mining group were transferred to a company part-owned by President Jacob Zuma's son, Bloomberg reports.

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Optimum creditors to vote on rescue offers by month-end ...

Jan 06, 2020 · CREDITORS of Optimum Coal Mine, currently in business rescue, will meet at the end of this month to vote on three shortlisted bids tabled for the mine, business rescue practitioner (BRP), Louis Klopper of Coronado Consulting said on Monday.. Klopper, who is one of four BRPs, said the meeting to vote on the bids, which was originally scheduled for 10 December, was postponed.

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Project Halo Stakes Claim to Buy Guptas' Optimum Coal Mines

Jan 31, 2019 · Project Halo offered to buy Tegeta's Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and Optimum Coal Terminal (Pty) Ltd. for ...

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Swarm of court cases engulfs former Gupta mines - Moneyweb

Jan 09, 2020 · Two of the remaining key assets in the now defunct Gupta empire – coal mines Koornfontein and Optimum – are the subject of yet more litigation, coming on .

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Glencore eventually caved in and sold Optimum mine to ...

The Gupta family allegedly made three offers to purchase Optimum coal mine from Glencore - before the national mining company caved under pressure from Eskom and the department of mineral ...

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