· OPTIMUM COAL MINE (PTY) LTD..... Applicant. and. NATIONAL UNION OF MINEWORKERS ... The applicant carries on the business of mining coal. It has major customers both locally and internationally to whom it supplies coal, with the bulk of its production being exported. Significantly, one of its major contracts is with Eskom, to which it is required to supply 460 000 tonnes .
· Optimum Coal in trouble again. It must feel like déjà vu for embattled South African miner Optimum Coal, which has been put into business rescue proceedings for a second time. Optimum coal mine ...
· Optimum Coal is the sixth largest producer of thermal coal in South Africa based on 2009 coal production and South Africa's fourth largest exporter of thermal coal based on 2009 coal exports. The company's operations are loed in the Witbank coalfield region in the Mpumalanga Province of South Africa and include Optimum Collieries, a large opencast and underground mining complex ...
· Brief history: Optimum Colliery was awarded a contract in 1968 to provide coal for the Hendrina power station. The mine began as an underground operation and .
· The Gupta purchase of Optimum Coal Mine was funded by the proceeds of crime and the money flows traced provide scope for the Asset Forfeiture Unit to seize one of the family's most significant assets remaining in South Africa. The Gupta family's acquisition of Optimum Coal Mine was funded by the proceeds of crime, the State Capture Commission was told on Friday. Paul Holden of .
· Background Optimum Coal Holdings was the parent company of Optimum Coal Mine, Koornfontein Mine and Optimum Coal Terminal. The Group supplied coal to 3 of Eskom's strategic powerplants, and as a result the matter had national significance. On the 4th of August 2015, the board of directors and management resolved to place both the companies in Business Rescue.
Optimum Coal Mine. Phila Mzamo | May 1, 2018. Eskom considering Optimum Coal Mine proposal. Eskom says it is currently considering Optimum Coal Mine's business rescue practitioners' proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage. In its statement on Monday, Eskom said it... Read More. Phila Mzamo | Mar 7, 2018. Mantashe ...
· Optimum coal mine has also been taken to court by another mining company, Derko Mining and Exploration, in an effort to have the mine liquidated. The company owes service providers over R60 million. The mine could also be shut down over its failure to operate a community water desalination plant, which is a requirement for its mining licence, in line with a requirement for mining .
· Optimum Coal Mine Jobs. Home » Jobs » Search. Didn't find what you were looking for? Try Search Again. Receive jobs by email for this search. You can cancel at any time. Search Results. My Saved Jobs Show On Map. Middleburg Mine South32 Has Opened New Vacancies For Jobseekers Tell::079 295 8411 Mr Motaung. 17 Sep ; HR; Middelburg; Jobs at Middleburg Mine South32 Has .
Daniels says Koko misled Zondo Inquiry over prepayment to Optimum Coal Mine. Suzanne Daniels said while Matshela Koko instructed her to draft a board resolution to prepay the Optimum Coal Mine R1 ...
· Once a national asset, the embattled Optimum Coal Mine is still on an arduous journey to revival — despite being in business rescue, along with several other Guptalinked entities, since ...
· JOHANNESBURG Former Eskom board member Venete Klein maintains management misled the board when it wrote "proposed owners" in a resolution to .
Optimum Coal Mine. Phila Mzamo | May 1, 2018. Eskom considering Optimum Coal Mine proposal. Eskom says it is currently considering Optimum Coal Mine's business rescue practitioners' proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage.
· CAPE TOWN Business rescue practitioner Piers Marsden has explained how and why Optimum coal mine was purchased by the Gupta family in a .
to Optimum Coal Holdings Limited and its subsidiaries, except where the context otherwise requires. In particular, in certain sections of this prospectus when discussing the operations of the company, Optimum Coal or the Group, these operations include Koornfontein Mines, as well as Optimum Collieries. Special Note in Regard to the Offer Notwithstanding that this document constitutes a ...
Optimum Coal | 1,322 followers on LinkedIn. Integrity: Optimum coal values Loyalty and trust while honouring interests and undertakings made to others.
· 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 .
