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The first application sought to preserve all the shares in Optimum Coal Mine (Pty) Ltd (" OCM "); the business of OCM; and all shares held in Optimum Coal Terminal (Pty) Ltd (" OCT "). Both OCM and OCT have been in business rescue since 2018.
The Johannesburg high court set down the matter for February 5 to March 8 2024. Former deputy director-general in the department of mineral resources & energy and energy, Joel Raphela, former Tegeta exploration and resources director Ronica Ragavan and former trustee of Optimum Coal Mine Pushpaveni Govender are the accused in the …
The high court in Johannesburg has set down 8 March next year as the hearing date for the Investigative Directorate's (ID's) application to forfeit the Optimum coal mine, the shares the Gupta...
Optimum coal mine NPA heads to court for permission to sell Optimum Coal Mine By Buhle Mbhele This comes after it filed a forfeiture application with the Pretoria High Court seeking permission...
Optimum is a large complex located in the Witbank Coalfield, incorporating both surface and underground mining areas. The mine area covers the Pullenshope …
Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7... send Email... Think Local
Coal Mine Intelligent Dry Separation Equipment Market 2023 - Regional Scope, Growth Statistics, Demand and Regional Outlook 2029 Published: March 31, 2023 at 4:20 p.m. ET
The preservation order over Gupta-owned Optimum Coal Mine (OCM) sought by the national director of public prosecutions (NDPP) is, according to the business rescue practitioners (BRPs), infringing...
One of the ways we are doing this is by utilizing the assessments to determine which areas possess the optimum combination of mineable coal thickness, cover or overburden, and favorable geologic conditions to warrant further exploration and possible economic development. Sources/Usage: Public Domain. Visit Media to see details.
11th Mar 2022. coal mine. The mining communities surrounding Optimum Coal Mine (OCM) in Mpumalanga on Friday shut down the mine citing the interference of the National Prosecuting …
The Pretoria High Court has frozen the assets of the Optimum Coal Mine. They were on the verge of being sold by the business rescue practitioners to Liberty …
OPTIMUM COAL MINE (PTY) LTD's headquarters is located at EQUITY PARK BLOCK B, 257 BROOKLYN RD GAUTENG PRETORIA, Gauteng, 0181 South Africa. What is …
An entrance to the Optimum Kwagga coal mine owned by Glencore is seen near Hendrina in Mpumalanga province, in this September 8, 2015 file photo. REUTERS/Siphiwe Sibeko/Files.
Optimum Collieries, located in the Witbank coalfield region of Mpumalanga, have a relatively long history of coal production. Opened in 1968 by BHP Billiton, the collieries' …
The Optimum mine was placed into business rescue in 2018. Bloomberg Read this for free Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. Try FREE for 14 days Read more on:
The Exhibition Coal Mine takes visitors underground into a coal mine and then on a tour of a historically accurate coal camp at New River Park. It draws about 50,000 visitors per year. The ...
The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT).
The case constitutes an epilogue to the long-running saga of the Optimum Coal Mine, and pits the National Prosecuting Authority (NPA) against the mine's business rescue practitioners in an...
Mr Marsden and Mr Petrus van den Steen were appointed as business rescue practitioners on the 4 August 2015 for Optimum Coal Holdings (OCH), as well as Optimum Coal Mine (OCM). Before and during the business rescue process, unsolicited approaches to purchase OCM were received from Tegeta via their auditors, KPMG.
Doing Business As: OPTIMUM COAL HOLDINGS Company Description: Industry: Nonmetallic Mineral Mining and Quarrying, Support Activities for Mining, Mining (except Oil and Gas), Mining, Quarrying, and Oil and Gas Extraction, Miscellaneous nonMetallic minerals, except fuels See All Industries
Optimum had been supplying coal to South Africa's power utility, Eskom, since the 1970s. Glencore initially refused Oakbay's offers. Negotiations then reopened in September later that year,...
CAPE TOWN — Cynical government intervention in dealings between Eskom and its financially vulnerable coal supplier, Optimum, wore it down, making it ripe for the plucking by the Gupta's Oakbay company, dramatic testimony by Glencore director and former CEO of Optimum Coal Holdings, Clinton Ephron reveals.
Centaur and Optimum A dubious Centaur "loan" to the Guptas enabled their infamous takeover of the Optimum coal mine — one of their prized South African assets. Centaur's role in the Optimum scandal was first detailed in the Public Protector's State of …
Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7... send Email... Think Local Optimum Coal Mine Middelburg | Phone 013 297 7... | Email | …
This follows a letter received by the Business Rescue Practitioners (BRPs) of OCT alleging that Optimum Coal Mine (OCM) is not currently meeting alleged coal exporter requirements pertaining to …
Testifying before the State Capture commission on Wednesday, Glencore director and formerly CEO of Optimum Coal Holdings (OCH), Clinton Ephron, painted a picture of the seven-month campaign that ended in January 2016, when Glencore finally agreed to sell OCH to the Guptas for R2.15bn. Former Optimum Coal mine CEO, …
The Optimum Coal Terminal is a coal export facility, and its rescue is linked to that of the Optimum Coal Mine. The drawn-out rescue of the mine, which is finally …
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 …
The Gauteng High Court granted preservation orders to the Asset Forfeiture Unit (AFU) of the NPA against those who, in 2016, were involved in "financing" the purchase of Optimum Coal Mine (OCM) for R2.1-billion by the Gupta-owned Tegeta Resources.
JOHANNESBURG (Reuters) - Hundreds of members of the National Union of Mineworkers (NUM) marched on Wednesday at the Optimum Coal mine, owned by the controversial Gupta family, to express their...