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Optimum coal mine resumes coal supply to Hendrina power station

Eskom and the business rescue practitioners for Optimum coal mine have agreed to commence negotiations regarding the coal supply agreement between the two companies. The business rescue practitioners have agreed that Optimum coal mine will...

Glencore optimistic that Optimum Coal can be rescued

The directors of Optimum Coal are of the view that if the Eskom supply agreement can be renegotiated, there is a reasonable prospect of rescuing Optimum, Glencore said on Thursday. Optimum Coal announced on 4...

Eskom seeks R2Bn penalty from Glencore for Optimum’s ‘poor quality’ coal

The relationship between SA power utility Eskom and mining giant Glencore continues to deteriorate as Eskom on Tuesday revealed it is seeking a R2 billion penalty from Glencore for its poor quality coal. Glencore is...

Glencore to divest its Lonmin stake by way of capital distribution in specie

South Africa – Glencore announced on Monday that it intends to implement the divestment of its non-core 23.9% stake in Lonmin which it inherited through the acquisition of Xstrata in May 2013, by way...

Glencore ups SA ferrochrome, coal production

South Africa – Glencore, one of the world’s largest global diversified natural resource companies, has reported an increase in ferrochrome production for the March 2015 quarter. The company’s ferrochrome production increased 15% to 385...

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