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Gupta coal mines in business rescue: report | eNCA

AmaBhungane has now confirmed from company records that Optimum Coal Mine, Koornfontein Mines and Optimum Coal Terminal have been placed into business rescue. ... view …

Gupta mines to start operating - SowetanLIVE

South Africa . Gupta mines to start operating ... Workers at Optimum Coal near Middelburg in Mpumalanga‚ the flagship coal mine owned by the Gupta family‚ have been on strike since Saturday ...

Gupta business rescuers denied access to business premises

Gupta business rescuers denied access to business premises. Business rescue practitioner Johan Klopper states in an affidavit that he and his colleagues have been refused access to the Gupta ...

Gupta Mines' CEO Wants 'Incompetent' Business Rescue ...

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 ...

Workers at 3rd Gupta mine not paid | Fin24

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.

South African coal mines agree supply deal with Vitol ...

South Africa’s Optimum and Koornfontein coal mines will supply a minimum of 200,000 t/month to commodities trading firm Vitol under a 12-month offtake agreement that will help save the ...

Mantashe meets with striking Optimum miners | eNCA

Mar 08, 2018· Optimum coal mine has also been taken to court by another mining company, Derko Mining and Exploration, in an effort to have the mine liquidated. Optimum owes …

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 ...

Advert View : Dragline Operator : Mpumumlanga Other : Mining

Our flagship operations are Optimum Collieries and Koornfontein Mines in Mpumalanga. Optimum Coal is the sixth largest producer of thermal coal in Southern Africa, SA&rsquos fourth largest coal exporter with significant shareholding of RBTC and a key supplier of coal to Eskom.

Optimum coal mine - ewn.co.za

View all in Video. CARTOON: WhatsApp Stokvel ... Ephron was Glencore’s CEO when the company sold its Optimum coal mine to Gupta-owned Tegeta. ... Members of the NUM at the Koornfontein coal mine ...

Optimum coal mine in business rescue | IOL Business Report

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 …

Unpaid Optimum, Koornfontein mineworkers to march to Union ...

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 R3.05 billion from Tegeta Exploration and Resources, a mining ...

Anglo American sale of New Largo thermal coal project in ...

New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned 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.

Eskom Coal Transport Contracts In South Africa - YouTube

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 …

Gupta's Richards Bay coal terminal mines for sale ...

June 18 has been confirmed as sale date for two mines and the Richards Bay coal terminal. Business entities and wealthy individuals have shown interest in purchasing the Mpumalanga and KwaZulu-Natal-based Gupta-owned mining assets. This includes Optimum and Koornfontein mines and the Richards Bay coal terminal, which went through business rescue last February, according to […]

Dubai’s DSA leads bid for mines once owned by Guptas ...

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 …

Gupta-owned mines placed under a management agreement ...

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 MINES (PTY) LTD Company Profile | WITBANK ...

D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like KOORNFONTEIN MINES (PTY) LTD and Nonmetallic Mineral Mining & Quarrying contacts in WITBANK, Mpumalanga, South Africa and around the world.

NUM bemoans nonpayment of salaries to Optimum ...

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.

Guptas selling Tegeta mining interests - Times LIVE

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 …

South Africa's Burgh Picked to Keep Gupta Coal Mines Going

Apr 11, 2018· South Africa’s Burgh Group Holdings won a temporary contract to keep mines linked to the Gupta family afloat, according to a business-rescue manager for the assets. ... Optimum Coal …