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NUM concerned by suspension of services at Optimum

The NUM is deeply worried about the decision taken by business rescue practitioners to suspend services with JIC Mining services at Optimum coal mine in Mpumalanga, South Africa.
exxaro coal

Eskom addresses imbalance in coal stock levels

The challenge of coal stock levels below the required target of 20 days at seven of South Africa's power stations is not ideal.
exxaro coal

Gupta ghosts back to haunt Eskom

With winter fast approaching and electricity demand expected to peak, the Gupta ghosts have come back to haunt Eskom once again. After being severely burned by costly Gupta coal of dubious quality, the fleeing Guptas...
Mantashe Sibanye

DMR Minister Gwede Mantashe visits Optimum coal mine

Mineral Resources Minister Gwede Mantashe is meeting with workers at the Optimum coal mine in Mpumalanga. The meeting is part of efforts to resolve challenges currently facing the mine. Mineral Resources Minister @GwedeMantashe1 has arrived...

Tegeta offer for Optimum Coal considered only credible bid

Optimum Coal Holdings business rescue practitioners (BRP) have issued a statement confirming that Endulwini Mining did make a R1.5 billion purchase offer for Optimum mine last year but only Tegeta’s offer was considered credible. The...

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,...

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