11/30/2018The mine is now in business rescue and in addition to this, the instability at Optimum Mine has put its coal delivery to Eskom at risk. Eskom has a serious coal shortage with a number of power plants having less than 10 days of coal left. The power utility has been paying the mine nearly R1 billion for coal that hasn't been received, despite Optimum Coal Mine, situated in South Africa's Mpumalanga province, supplies Eskom's Hendrina power station. However, under the control of the Gupta-owned Tegeta Resources, the mine has struggled to meet the coal qualities required of Eskom. The mine was last week placed into business rescue while mine employees have staged a strike claiming

SA coal entrant Seriti interested in buying Gupta mine

Optimum Coal Mine, situated in South Africa's Mpumalanga province, supplies Eskom's Hendrina power station. However, under the control of the Gupta-owned Tegeta Resources, the mine has struggled to meet the coal qualities required of Eskom. The mine was last week placed into business rescue while mine employees have staged a strike claiming

7/1/2020Optimum setup with 8 Coal Generators and 3 Water Extractors. Make sure the middle Water extractor is in between the 4th and 5th Coal generator or it won't work. Top view of 3 Extractors to 8 Generators setup, using a common pipeline and 2 Mk.1 belts, each feed into 4 generators.

Optimum has also failed to supply Eskom with coal since March, and as a result the power utility has a serious coal shortage with a number of power plants having less than 10 days of coal left. DA leaders Natasha Mazzone, Geordin Hill-Lewis and Jane Sithole visited the mine on Friday and engaged with the local community of Pullens Hope to see

2/23/2018South African state-owned power utility, Eskom, released a statement on Thursday noting that Optimum Coal Mine is underway with business rescue proceedings. Optimum coalmine, which supplies Hendrina Power Station in Mpumalanga, informed Eskom that they have commenced with business rescue proceedings as of Monday 19 February.

Optimum Coal Mine is set to supply Eskom with coal again after its business rescue practitioners secured R1billion in funding to resume operations. Kurt Knoop and Johann Louis Klopper, who were appointed as rescuers in February 2018, told Business Report last week that they had accepted an offer from an investor. Knoop said the investor would

Optimum coal mine acquisition gets competition approval

2/23/2016The Optimum coal mine acquisition was granted Competition Tribunal approval on Tuesday. Tegeta will honour the original coal supply contract Optimum coal mine had in place Tegeta Exploration and Resources is acquiring Optimum coal mine as well as six other target firms – on the condition that there would be no merger-specific retrenchments.

Optimum Coal Mine, situated in South Africa's Mpumalanga province, supplies Eskom's Hendrina power station. However, under the control of the Gupta-owned Tegeta Resources, the mine has struggled to meet the coal qualities required of Eskom. The mine was last week placed into business rescue while mine employees have staged a strike claiming

Optimum Coal mine. How State Capture business was conducted – former Optimum Coal CEO tells all. 1st March 2019 28th February 2019. Global commodities giant Glencore stood little chance of retaining Optimum Coal Mine once project State Capture triggered a full-blown assault designed to wrestle the mine out of its hands.

Optimum Coal commences business rescue proceedings Johannesburg, South Africa, 4 August, 2015 Glencore announces that the directors of its subsidiaries, Optimum Coal Holdings and Optimum Coal Mine (Optimum), have resolved to commence business rescue proceedings and place both companies under supervision given continued and unsustainable

The Optimum mine can produce more than 200 000 tons of coal per month. Eskom pays R150 per ton. PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app Briefly reported almost a year ago on how Tegeta had threatened to cut off the coal supply to Eskom, at that time, demanding a higher price to be paid for coal.

The Optimum Coal Mine is an opencast and underground coal mining complex comprising the Kwagga, Pullenshope, Eikeboom, and Boschmanspoort mines. The Koornfontein Mines is located in the Mpumala nga province of South Africa and supplies coal for power generation. The company was incorporated on March 05, 2006 and is headquartered in Johannesburg

Optimum coal mine that supplies Hendrina Power Station in Mpumalanga informed Eskom that they have commenced with business rescue proceedings on Monday 19 February. Eskom has fully complied with its contractual obligations to Optimum Colliery.

Eskom is currently in discussions with the Optimum Coal Mine's business rescue practitioners, but no agreement has been reached yet Page Content Monday, 30 April 2018: In terms of the coal supply agreement with Eskom, Optimum Coal Mine is obliged to supply 400 000 tons of coal to Eskom's Hendrina Power Station each month at the price of

Eskom is currently in discussions with the Optimum Coal

Eskom is currently in discussions with the Optimum Coal Mine's business rescue practitioners, but no agreement has been reached yet Page Content Monday, 30 April 2018: In terms of the coal supply agreement with Eskom, Optimum Coal Mine is obliged to supply 400 000 tons of coal to Eskom's Hendrina Power Station each month at the price of

Empowerment Optimum Coal is an organisation built on transparency and a true desire to harness the talent of its people without prejudice. Integrity Optimum Coal values loyalty and trust while honouring interests and undertakings made to others. Care Optimum Coal places a high premium on the wellness and safety of its people and the

12/14/2015The deal will save the mine from closure, as well as an expected 500 jobs. In August, Glencore announced that it was putting Optimum Coal Holdings and Optimum Coal Mine (Optimum) under supervision, given the firm's continued and unsustainable financial hardship.

JOHANNESBURG, February 22 – Optimum Coal Mine, owned by the controversial Gupta family, have commenced with business rescue proceedings, South Africa's power utility Eskom said on Thursday. Eskom said the mine, that supplies Hendrina Power Station in Mpumalanga, informed them of the proceedings on February 19.

The Optimum Coal Mine is an opencast and underground coal mining complex comprising the Kwagga, Pullenshope, Eikeboom, and Boschmanspoort mines. The Koornfontein Mines is located in the Mpumala nga province of South Africa and supplies coal for power generation. The company was incorporated on March 05, 2006 and is headquartered in Johannesburg

Eskom is currently in discussions with the Optimum Coal Mine's business rescue practitioners, but no agreement has been reached yet Page Content Monday, 30 April 2018: In terms of the coal supply agreement with Eskom, Optimum Coal Mine is obliged to supply 400 000 tons of coal to Eskom's Hendrina Power Station each month at the price of