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Optimum Coal Mine

  • Optimum Coal business rescue court battle looms | Fin24

    Mar 19, 2018 · Optimum Coal Mine "was a fundamental instrument of the institutional fraud and theft of the Gupta family", Qaku said. He said there was less than an arms-length distance between the business rescue practitioners appointed and the business.

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  • Optimum Coal Mine needs R1bn to R2bn in order to be saved .

    Oct 19, 2018 · Another issue was that Optimum Coal would have to be allowed to export coal. In terms of a long-dated coal sales agreement, Optimum Coal mine has to supply Hendrina, an Eskom power station (although Bergh Group currently has a 12-month deal which allows it to export a portion of Optimum Coal's coal).

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  • Optimum Coal Mine to resume supply to Eskom after securing .

    Mar 20, 2019 · DURBAN – The Gupta-linked Optimum Coal Mine is set to supply Eskom with coal again after its business rescue practitioners secured R1billion in funding to resume operations.

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  • Hope dies at Guptas' Optimum mine - BusinessLIVE

    coal Hope dies at Guptas' Optimum mine As the business rescue process drags on, workers have gone months without being paid, and despite promises of relief on February 28, some remain sceptical .

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  • WATCH | Coal conveyor belt goes up in flames at former .

    Sep 16, 2019 · Optimum Coal Mine in Middelburg, Mpumalanga went up in flames after a fire set the mine's coal conveyor belts alight on Sunday. Damages are estimated at R15-R20 million at this stage.

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  • How the Guptas took over Optimum coal mine with Eskom .

    Nov 01, 2017 · "Optimum had a long-term coal contract with Eskom. It was a loss-making mine." Optimum and Eskom had a co-operation agreement to create a way forward.

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  • Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal .

    Apr 12, 2016 · [6] These firms are directly controlled by Optimum Coal Holdings (Pty) Ltd ("Optimum Coal Holdings") and will hereinafter be referred to as the Target Group. Proposed transaction and rationale [7] The proposed transaction involves Tegeta acquiring the shares and claims on loan account held by Optimum Coal Holdings in the seven target firms.

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  • Optimum and Koornfontein coal mines up for grabs

    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 .

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  • Ghosts of the Guptas still haunt Optimum coal mine - Moneyweb

    Oct 08, 2018 · Tegeta owns Optimum Coal Mine, a share in the Richards Bay Coal Terminal and Koornfontein Mines. There are suspicions that in 2017, the Guptas, recognising that they had reached the end of their .

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  • Private Treaty Sale of Optimum Coal Mine, Koornfontein Mines

    Jul 26, 2019 · 3 Optimum Coal Mines in business rescue to be auctioned 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.

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  • Mining » Vacancies 2019 » Latest Jobs

    OPTIMUM COLLIERY VACANCIES OPTIMUM COLLIERY VACANCIES MINE IS BASED IN MPUMALANGA HAVE NEW CONSTRUCTION NEEDED WORKERS AS FOLLOWING Search Optimum Coal Mine jobs and careers in Mpumalanga – Find employment by browsing our list of Optimum Coal Mine vacancies in Mpumalanga.

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  • Optimum Coal Mine Jobs In Mpumalanga - Optimum Coal Mine .

    Search Optimum Coal Mine jobs and careers in Mpumalanga - Find employment by browsing our list of Optimum Coal Mine vacancies in Mpumalanga.

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  • Optimum Coal Mine | SA-News

    Breaking South Africa News Headlines & Articles: BUSTED! Massive R568 Million PIC Plundered From Government Workers Pension For Bare Land, Was To Save Bankrupt Pension Fund For Politicians!

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  • Howard Pyoos - General Manager - Optimum Coal Mine (Pty .

    Howard Pyoos General Manager at Optimum Coal Mine (Pty) Ltd Witbank Area, South Africa 500+ connections

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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 multinational mining magnate caved under pressure from Eskom and the department of mineral .

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  • Guptas' Optimum Coal Risks Suspension as Workers Protest .

    Feb 20, 2018 · South Africa's Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site's social and labor plan. Workers protested .

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  • Glencore's Optimum coal now in hands of S . - MINING

    Apr 14, 2016 · Oakbay Investments, the firm controlled by the Gupta family and South African President Jacob Zuma's son, completed Thursday the 145 million acquisition of Glencore's (LON:GLEN) Optimum Coal .

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  • Optimum Coal Mine Middelburg | Phone 013 297 7. | Email .

    Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7. send Email. Think Local

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  • Gupta Inc: It's now a hand-to-mouth situation at Optimum .

    Gupta Inc: It's now a hand-to-mouth situation at Optimum Coal Mine By Jessica Bezuidenhout • 22 February 2018 Dial one of Ajay Gupta's numbers and all you get, for days on end, is: "You .

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  • Optimum Coal | LinkedIn

    Learn about working at Optimum Coal. Join LinkedIn today for free. See who you know at Optimum Coal, leverage your professional network, and get hired.

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  • Former Gupta-linked Optimum Coal Mine goes up in flames .

    Optimum Coal Mine in Middelburg, Mpumalanga went up in flames after a fire set the mine's conveyor belts alight on Sunday. The Middleburg Observer reports that while it is unclear what caused .

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  • Gupta Inc: It's now a hand-to-mouth situation at Optimum .

    Gupta Inc: It's now a hand-to-mouth situation at Optimum Coal Mine By Jessica Bezuidenhout • 22 February 2018 Dial one of Ajay Gupta's numbers and all you get, for days on end, is: "You .

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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 multinational mining magnate caved under pressure from Eskom and the department of mineral .

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

    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.

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  • Careers | Working Opportunities

    There are individuals (fraudsters) branding themselves as Mbuyelo Coal (Pty) Ltd and Mbuyelo Group (Pty) Ltd respectively. They disguise themselves under a different name, which we cannot mention at the moment until the investigations are complete. We are doing our best on the matter and will hold the necessary persons liable for this criminal .

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  • Optimum and Koornfontein coal mines up for grabs

    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 .

    Get Price »
  • Workers at Gupta-owned mines could receive payment soon

    Workers at Gupta-owned mines could receive payment soon. Workers at Optimum and Koornfontein coal mines last received a payment in October, with mining operations coming to an end in December.

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  • Optimum Coal Mine Related News - SteelGuru

    Coal Conveyor Belts at Optimum Coal Mine Catch Fire Published on - Sep 19,2019 Gupta's Coal Mining Operations in South Africa to Be Sold Off Published on - .

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  • Home - Seriti

    Seriti Resources grows its coal portfolio even further. 6th Nov 2019. Publication: Mining Review Africa. Author: Guest Contributor. Black-owned and controlled coal mining company Seriti Resources has concluded an acquisition agreement with South32 to acquire South 32's.

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  • Gupta coal mine could face liquidation | eNCA

    Oct 26, 2016 · Optimum Coal is understood to have been leasing mining equipment from Barloworld. The Gupta-owned mine has repeatedly failed to pay for the machinery. Optimum Coal and the Gupta family have not .

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  • Optimum coal mine - Wood Mackenzie

    Sep 16, 2019 · The mine area covers the Pullenshope 155 IS and Optimum 480 IS farms. The complex is made up of five distinct mining areas: the Kwagga, Kwagga North, Pullenshope and Eikeboom surface pits, and the Boschmanspoort underground mine. Optimum supplies thermal coal to Eskom's Hendrina and Arnot power stations.

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  • Optimum Coal | LinkedIn

    Learn about working at Optimum Coal. Join LinkedIn today for free. See who you know at Optimum Coal, leverage your professional network, and get hired.

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  • Optimum Coal Mine Middelburg | Phone 013 297 7. | Email .

    Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7. send Email. Think Local

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  • Optimum coal mine - EWN

    Optimum Coal mine workers protest over unpaid wages The mine has failed to pay workers for several months since it was placed under business rescue earlier this year. 432 days ago

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  • Optimum Coal Mine - Steve Tshwete - Local Business | Facebook

    Jimmy FT added a new photo — thinking about the meaning of life at Optimum Coal Mine. August 14 · Steve Tshwete, South Africa · Katlego John Choppasjava was listening to ikhaya leziyoni male voice with Magoda Katlego Hope and Thabi Owaka Faith at Optimum Coal Mine .

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  • How State Capture business was conducted – former Optimum .

    Selling the Optimum coal mine to the Guptas was "the lesser of two evils" after heavy pressure from the South African government, says former Glencore executive Clinton Ephron in testimony to state inquiry today — Geoffrey York (@geoffreyyork) February 27, 2019.

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  • How State Capture business was conducted – former Optimum .

    Selling the Optimum coal mine to the Guptas was "the lesser of two evils" after heavy pressure from the South African government, says former Glencore executive Clinton Ephron in testimony to state inquiry today — Geoffrey York (@geoffreyyork) February 27, 2019.

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  • Optimum Coal takes business rescue practitioners to court .

    May 22, 2018 · Johannesburg, 27 October 2016 - The controversial Gupta family may lose their recently acquired Optimum Coal Mine. A multinational company is threatening the mine .

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  • Optimum Coal mine | Workers still in limbo - YouTube

    Dec 27, 2019 · More than three thousand former Optimum Coal mine workers are still in limbo. This after the former Gupta owned mine closed down in February 2018, with outstanding salaries of the miners. The mine .

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  • Optimum Coal Mine Jobs - Optimum Coal Mine Careers .

    Search Optimum Coal Mine jobs and careers in South Africa - Find employment by browsing our list of Optimum Coal Mine vacancies in South Africa.

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