Our flagship operations are Optimum Collieries and Koornfontein Mines in Mpumalanga. Optimum Coal is the sixth largest producer of thermal coal in Southern Africa, SArsquos fourth largest coal exporter with significant shareholding of RBTC and a key supplier of coal to Eskom.
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 ...
coal Hope dies at Guptas’ Optimum mine ... The sale of Optimum Coal — which consists of the Optimum and Koornfontein coal mines, as well as their coal export allocations at the Richards Bay ...
Location: Koornfontein Mine is situated 40 km southeast of Witbank in the Mpumalanga Province of South Africa. Brief description: Coal is mined in two sections, namely at Blinkpan and Gloria ...
South Africa’s Optimum and Koornfontein coal mines will supply a minimum of 200,000 t/month to commodities trading firm Vitol under a 12month offtake agreement that will help save the ...
AFRICAN Exploration Mining Finance Company (AEMFC), a company owned by the South African government, said on Tuesday evening it had been awarded an option to bid for Optimum Coal Mines after business rescue practitioners (BRPs) accepted the firm’s postcommencement funding (PCF) of some R1bn. This means AEMFC, which is housed in the government’s Central […]
Gupta coal mines in business rescue: report ... AmaBhungane has now confirmed from company records that Optimum Coal Mine, Koornfontein Mines and Optimum Coal …
JSElisted coalmining company Optimum has bought 5% more of the Koornfontein coal mine for R30million, increasing its overall ownership to 96%. Optimum, which listed last month, previously held ...
View All Result . Home News. South Africa is exporting 77 million tons of coal – China receives a portion ... coal supply contract with Eskom after it acquired Optimum mine and the Koornfontein ...
View all in Video. CARTOON: From Miss Universe to Miss Management ... Optimum coal mine. ... Optimum and Trillian following findings by the BBBEE Commission that they were awarded the Eskom ...
May 23, 2019· 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 entities under Business Rescue. These companies commenced business rescue proceedings in February 2018. The structured sales process has a closing date set as June 18th 2019.
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 …
May 05, 2011· A view of Optimum’s Koornfontein Colliery Johannesburg, South Africa 05 May 2011 South African coal mining and exploration group Optimum Coal says it has concluded an agreement with Umcebo Mining to acquire two prospecting rights for a cash consideration of R420 million.. Announcing the acquisition here, Optimum Coal said the …
Sep 26, 2017· JOHANNESBURG The Organisation Undoing Tax Abuse has won an urgent interim interdict against the Bank of Baroda freezing of the trust fund accounts of the Guptaowned Optimum …
Last year, Project Halo won a bid to buy Optimum Coal Mine, Koornfontein Mine, and Optimum Coal Terminal in Mpumalanga for from Tegeta Exploration and Resources, a mining company ...
Koornfontein coal mine is the second Guptaaffiliated mine not to pay salaries to its workers. This was revealed by the National Union of Mineworkers (NUM) and follows the failure of Optimum coal ...
Jan 15, 2019· Project Halo won a bid to buy Optimum Coal Mine, Koornfontein Mine, and Optimum Coal Terminal for billion. The consortium declared its expression of interest in the mine …
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The Guptaowned Optimum coal mine in Mpumalanga could lose its mining licence if its water supply to the town of Hendrina is not restored, a mining law expert says. Hendrina’s water reservoir is ...
