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Hendrina Power Station

Oakbay’s Tegeta to acquire Glencore Optimum companies for R2.15 billion

The joint business rescue practitioners (BRP) of Optimum Coal Holdings, Piers Marsden and Peter van den Steen on Friday concluded a conditional transaction with Tegeta Exploration and Resources, which sees Tegeta acquire all the Glencore Optimum Holdings assets. The assets include Optimum coal mine,...

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...

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