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  • Optimum Coal Mine - Global Energy Monitor

    2024.4.9  The Optimum Coal Mine is a surface and underground coal mine caught in the midst of bankruptcy and business rescue proceedings. The mine has been put on care and maintenance on several occasions (including in 2019 and again in 2020). While its current operational state is unclear, it is believed to be mothballed.

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  • Optimum Coal to exit business rescue after six agonising years

    2024.2.6  SHARES. Mineweb. 1 Insider Gold. Optimum Coal to exit business rescue after six agonising years. The mine will be operated by Liberty Coal, controlled by former Gupta associate Daniel...

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  • Optimum Mine to reopen under new leadership today

    2024.4.8  The former Gupta family-owned Optimum Coal Mine is set to be reopened today to much fanfare. April 8, 2024. Matthew Handley 1 minute read. Optimum Mine. After a six-year legal battle, a...

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  • State-owned mining company secures option to acquire Optimum Coal ...

    2019.2.21  SHARES. Coal. 10 Insider Gold. State-owned mining company secures option to acquire Optimum Coal. With a down-payment of R1 billion. By Ciaran Ryan 21 Feb 2019 00:23. The R1bn will be used...

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  • NUM hails court settlement that gives control of Optimum Coal Mine ...

    2024.2.6  Oakbay, a company of the Guptas and former president Jacob Zuma’s family, bought Optimum from Glencore in 2016 for $145 million (R2.5 billion currently). The mine, at one time the third largest...

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  • NPA seeks permission to sell multi-billion Optimum coal mine

    2022.7.2  The National Prosecution Authority (NPA) has approached the courts to seek permission to sell the Optimum Coal Mine, which is valued at R3.4bn .

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  • OPTIMUM COAL MINE (PTY) LTD - Dun Bradstreet

    Find company research, competitor information, contact details financial data for OPTIMUM COAL MINE (PTY) LTD of PRETORIA, Gauteng. Get the latest business insights from Dun Bradstreet.

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  • Glencore announces $1 billion acquisition of

    2011.9.1  Glencore International plc (LON:GLEN), seeking access to the growing coal market in India and China, announced on Thursday an estimated $1 billion plan to acquire Optimum Coal Holdings...

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  • Planned termination of Optimum Coal’s RBCT allocation ... - Mining

    2022.12.7  Six mini-pit contractors operating the Optimum Coal Mine (OCM), in Mpumalanga, are faced with having to potentially collectively retrench as many as 2 000 workers before Christmas, owing to...

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  • Optimum Coal Mine (Pty) Ltd SAHRA

    2 天之前  Optimum Coal Mine (Pty) Ltd. Website: optimumcoal Email: Mbali.Mbhele@optimumcoal. TelNo (s): 013 296 5030 (W) 082 319 0259 (C) FaxNo (s): 27865806103. Address: Private Bag X1201. Pullenshope. 1096. OrganisationType: Commercial. Author:

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  • Optimum Mine to reopen under new leadership today

    2024.4.8  The former Gupta family-owned Optimum Coal Mine is set to be reopened today to much fanfare. April 8, 2024. Matthew Handley 1 minute read. Optimum Mine. After a six-year legal battle, a settlement ...

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  • Optimum Coal Terminal (Pty) Limited and Others v Richards Bay Coal ...

    2024.3.28  OPTIMUM COAL TERMINAL (PTY) LTD (IN BUSINESS RESCUE) FIRST APPLICANT . OPTIMUM COAL MINE (PTY) LTD (IN BUSINESS RESCUE) SECOND APPLICANT ... OCM’s coal mining business, under the control of the business rescue practitioners of OCM finally ground to a halt breaking the critical ‘notional horizontal link’

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  • Optimum Coal potential buyer wants to ‘buy out’ other

    2022.6.10  Photo: Bloomberg. BUSINESS. Daniel McGowan, the man who was on the cusp of buying the Gupta-owned Optimum Coal Mine, has offered to buy other creditors out pending the mine’s legal battle with the National Prosecuting Authority (NPA). In a PR statement, McGowan said he was open to making offers directly to the creditors of

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  • Optimum Coal Mine pays back R6.9m SAnews

    Tuesday, March 19, 2024. Optimum Coal Mine – formerly owned by the infamous Gupta brothers – has paid back some R6.9 million in outstanding motor licensing fees and penalties as part of its Acknowledgement of Debt (AoD) signed with the Special Investigating Unit (SIU). The AoD stems from an SIU investigation into allegations of corruption ...

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  • General Manager - Optimum Coal Mine (Pty) Ltd - LinkedIn

    Optimum Coal Mine (Pty) Ltd Sep 2017 - Present 6 years 9 months. Apostle and co-founder Eternal Praise City Jan 2011 - Present 13 years 5 months. Secunda Engineering Manager Optimum Coal Nov 2015 - Aug 2017 1 year 10 months. Glencore Coal South Africa, Optimum Complex 5 years 4 months ...

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  • Optimum coal mine rehabilitation case set down for trial in

    2023.4.14  The Johannesburg high court set down the matter for February 5 to March 8 2024. Former deputy director-general in the department of mineral resources energy and energy, Joel Raphela, former ...

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  • Mwelase Group of Companies

    2020.4.14  This is through a joint venture with Wescoal Mining (Pty) Ltd. In addition, we are contracted to process the run-of-mine and transport of the final product to the different markets. ... Following the acquisition of Shanduka Coal and Optimum Coal by commodities trader, Glencore, Mack was then recruited to become the Group Financial

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  • COMPETITION TRIBUNAL OF SOUTH AFRICA Case No:

    8%. [4] MS 431 has a joint controlling interest of 50.02% in Siyanda Coal (Pty) Ltd (“Siyanda Coal”), formerly known as Main Street 432 (Pty) Ltd (“MS 432”).2 Siyanda Coal owns the Koornfontein Mine. [5] The second and third target firms are Twin Cities and Dunrose. The shareholders of Optimum are: Warrior Coal Investments (Pty) Ltd (21 ...

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  • Formerly Gupta-owned Optimum Coal to exit business

    2024.2.5  A mini-pit being mined by Liberty at the Optimum Coal Mine in December 2022. Bianke Neethling/News24 Liberty Coal, owned by Daniel McGowan's Templar Capital, will pay the Criminal Asset Recovery Fund R461 million to take control of Optimum Coal Mine as it exits a business rescue process that has dragged on for six years. ...

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  • Glencore to sell Optimum Coal Mine in South Africa for $136m

    December 14, 2015. Anglo-Swiss miner Glencore has provisionally agreed to sell its optimum coal mine in South Africa to Tegeta Exploration and Resources for $136m. The deal will save the mine from closure, as well as an expected 500 jobs. In August, Glencore announced that it was putting Optimum Coal Holdings and Optimum Coal Mine (Optimum ...

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  • Lucas M Nengovhela - Health Safety Environmental Manager - Optimum Coal ...

    Credential ID 400026/98. Lucas Nengovhela is currently employed as a Health, Safety and Environmental (HSE) Manager at Optimum Coal with 21 years’ experience in the mining sector. He started his career with the then Venda government and then moved to the mining industry in the early 1990’s to develop himself in the environmental management ...

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  • Optimum Coal Mine To Begin Exports Through RBCT Once

    2024.3.28  Optimum Coal Mine To Begin Exports Through RBCT Once Rail Agreement Is Finalised; 28 March 2024. Read Time: 1 min. Regions. SADC. South Africa. Topics. Pit-to-Port. Optimum Coal Mine To Begin Exports Through RBCT Once Rail Agreement Is Finalised. This content is for Premium Subscribers only.

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  • NUM welcomes Optimum Colliery settlement, calls for rail

    2024.2.6  The NUM say the settlement agreement reached by the National Prosecuting Authority (NPA) and Liberty Coal will save more than 500 jobs at Optimum Colliery, in Mpumalanga. “Liberty Coal gains ...

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  • Glencore to sell Optimum Coal Mine in South Africa for 2.15

    2015.12.11  Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand (£90.1 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit ...

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  • Optimum Coal Mine (Pty) LTD 013 296 5111 - AfricaBizInfo

    2024.5.14  Optimum Coal Mine (Pty) LTD is located at Pullenshope Road, Optimum, Mpumalanga, KwaZulu-Natal. Q3. Is there a primary contact for Optimum Coal Mine (Pty) LTD? You can contact Optimum Coal Mine (Pty) LTD by phone using number 013 296 5111. Business Lookup. Coffee. Shopping. Banks. Hotels. Pharmacy. Taxis. Gas.

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  • Planned termination of Optimum Coal’s RBCT allocation ... - Mining

    2022.12.7  Six mini-pit contractors operating the Optimum Coal Mine (OCM), in Mpumalanga, are faced with having to potentially collectively retrench as many as 2 000 workers before Christmas, owing to the ...

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  • High court thwarts sale of Gupta-owned Optimum Coal Mine

    2022.3.23  2 min. The Pretoria High Court has frozen the assets of the Optimum Coal Mine. They were on the verge of being sold by the business rescue practitioners to Liberty Coal, a company controlled by ...

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  • Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal Mine (Pty ...

    2016.4.12  [6] These firms are directly controlled by Optimum Coal Holdings (Pty) Ltd ("Optimum Coal Holdings") and will hereinafter be referred to as the Target Group. Proposed transaction and rationale [7] The proposed transaction involves Tegeta acquiring the shares and claims on loan account held by Optimum Coal Holdings in the seven target firms. [1]

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  • Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal Mine (Pty ...

    2024.5.3  [6] These firms are directly controlled by Optimum Coal Holdings (Pty) Ltd ("Optimum Coal Holdings") and will hereinafter be referred to as the Target Group. Proposed transaction and rationale [7] The proposed transaction involves Tegeta acquiring the shares and claims on loan account held by Optimum Coal Holdings in the seven target firms. [1]

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  • LATEST DEVELOPMENTS AT THE OPTIMUM COAL MINE

    2021.2.5  Resources (Pty) Ltd through a sale transaction with Glencore in 2016 and a Section 11 consent was approved authorizing Glencore to transfer Optimum to Tegeta in April 2016. 4 ... • Optimum Coal Mine had an SLP which was approved as part of the Mining Right issued from 05 June 2008 to 04 June 2028.

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  • Koornfontein Coal Mine - Global Energy Monitor

    2024.5.14  Coal Type: Bituminous (Thermal) Mine Size: Mine Type: Underground (bord and pillar) and opencast; Start Year: 1991; Source of Financing: Legal Controversy. Koornfontein was embroiled in a scandal when the owners were accused of "laundering of more than R100-million meant for the rehabilitation of the Optimum Coal Mine and

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  • Liberty Coal (Pty) Ltd (“ Liberty Coal OCM RBCT OCT

    2024.3.6  As you will no doubt be aware from recent press reports and the recent invitation for the re-launch of the Optimum Coal Mine, Liberty Coal had planned for Friday 8th March 2024, Liberty Coal has now taken over the assets, business and compromised liabilities of Optimum Coal Mine (Pty) Ltd (in business rescue) (“OCM”) and the linked

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  • Optimum and Koornfontein coal mines up for

    2019.5.23  Optimum Coal Mine (Pty) Ltd, Optimum Coal Terminal (Pty) Ltd and Koornfontein Mines (Pty) Ltd are owned by entities linked to the controversial Gupta family. For this reason, all interested parties will

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  • Optimum Coal Mine Middelburg Phone 013 297 7... Email

    START YOUR REVIEW OF Optimum Coal Mine First, your rating here Your review here Optionally, you can upload up to 3 photos Click to Choose Images Or Drag and Drop them here. ABOUT US. SERVICES. SPECIALS. EVENTS. PHOTO GALLERY. DOCUMENTS. MEET THE TEAM. NEWS BLOG. × Email Optimum Coal Mine. Your Name. Phone No.

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  • NUM hails court settlement that gives control of Optimum Coal Mine ...

    2024.2.6  The National Union of Mineworkers (NUM) says a court settlement that gives control of the Optimum Coal Mine and the Optimum Coal Terminal into the hands of Liberty Coal will save more than 500 ...

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  • Optimum Coal Mine a vehicle through which Guptas

    2022.3.8  The Pretoria high court should grant national director of public prosecutions Shamila Batohi preservation orders over Optimum Coal Mine as it was a vehicle through which the Gupta family laundered ...

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  • NPA seeks permission to sell multi-billion Optimum coal mine

    2022.7.2  The National Prosecution Authority (NPA) has approached the courts to seek permission to sell the Optimum Coal Mine, which is valued at R3.4bn . Deputy national director of public prosecutions ...

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  • Glencore announces $1 billion acquisition of Optimum Coal

    2011.9.1  Glencore International plc (LON:GLEN), seeking access to the growing coal market in India and China, announced on Thursday an estimated $1 billion plan to acquire Optimum Coal Holdings (JNB:OPT ...

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  • Optimum Coal’s relaunch halted by dispute over Richards

    2024.3.5  Optimum, once the most prized trophy in the Gupta portfolio of assets, is in the process of exiting business rescue following a successful bid for the mine assets and liabilities by Liberty Coal ...

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  • Gupta’s South African mining assets attract $215m bid

    2018.12.12  Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and Optimum Coal Terminal (Pty) Ltd. for 50 million rand ...

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