Optimum Coal Mine (Pty) Ltd Sep 2017 - Present 6 years 8 months. Apostle and co-founder Eternal Praise City Jan 2011 - Present 13 years 4 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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South Africa has ordered mining firm Glencore to suspend all operations at its Optimum Colliery over job cuts. The orders passed by the mines minister Ngoako Ramatlhodi coincided with the company's latest announcement that it was putting the mine into business rescue due to an uneconomic agreement with state power firm Eskom.
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Optimum Minerals Australia (OMA) is a technological diverse company striving to excel in the fields of material handling, wear solutions and environmentally friendly processes to manage mining and domestic …
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Liberty Coal and the NPA jointly approached the Gauteng High Court, Pretoria, with the support of various other vested parties for an order for settlement that would allow the Optimum Mine to exit ...
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Optimum Coal Mine (Pty) Ltd v National Union of Mineworkers (J2625/2014) [2014] ZALCJHB 454 (19 November 2014) Download original files. PDF format. RTF format. REPUBLIC OF SOUTH AFRICA. ... The applicant contends that Koornfontein Mines (Pty) Ltd is a separate colliery. It is common cause that …
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The storied history of Optimum Coal Mine (OCM), once the most prized trophy in the Gupta family's portfolio of state capture assets, continues; it is about to exit business rescue after six...
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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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The Isibonelo coal mine is an active opencast mine owned by Thungela Resources Limited, a subsidiary of Anglo American, near the town of Bethal, in Mpumalanga, South Africa.[1][2]
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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 be required to provide an affidavit disclosing any past dealings with the Oakbay Group of companies and / or their directors or …
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31/01/24. Liberty Coal has agreed a forfeiture settlement over Optimum coal mine whereby it will pay R462mn ($24.7mn) – or 44pc of the mine's current value of R1.05bn - to South Africa's National Prosecuting Authority (NPA).
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The mine was put into business rescue over four years ago, and as litigation is set to drag on, Liberty Coal has offered Optimum's long-suffering creditors a way out. In an offer circulated to creditors this week, Liberty said it would buy creditor claims outright for 20% of the claim amount, payable in cash within 10 business days.
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Credential ID 400026/98. Lucas Nengovhela is currently employed as a Health, Safety and Environmental (HSE) Manager at Optimum Coal …
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station. In addition, Optimum wholly owns Optimum Coal Terminal (Pty) Ltd ("Optimum Coal Terminal") which in turn owns 8.68% of the issued share capital of Richards Bay Coal Terminal Company Limited ("RBCT Company"). There is an agreement between Optimum Coal Terminal and Optimum Coal Mine in terms whereof Optimum Coal Mine is …
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Find company research, competitor information, contact details & financial data for OPTIMUM COAL HOLDINGS (PTY) LTD of Johannesburg, Gauteng. Get the latest business insights from Dun & Bradstreet. OPTIMUM COAL HOLDINGS (PTY) LTD. D&B Business Directory ... Coal Mining Other Miscellaneous Retailers Mining (except Oil …
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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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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 entitlement at Richards Bay Coal Terminal ("RBCT") historically held by Optimum Coal Terminal (Pty) Ltd (in
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23 Mar 2022 4. The National Prosecuting Authority has won its largest preservation order, freezing assets worth R3.4-billion that were on the verge of being sold to a former associate of the Gupta ...
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A consortium consisting of Burgh Group and Vitol is set to acquire Optimum Coal Terminal (OCT) from South Africa's Tegeta Group. OCT has a 7.61% stake in Richards Bay Coal Terminal (RBCT) in South Africa, which has an annual capacity of 91 million tonnes. With the acquisition of interest in RBCT, Burgh Group will be able to …
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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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Section 11 of the MPRDA to Optimum Coal. • The assets included Optimum Coal Mine, Brakfontein Mine, Koornfontein Mine and Idwala. • Optimum Coal Mine was acquired by Tegeta Exploration & Resources (Pty) Ltd through a sale transaction with Glencore in 2016 and a Section 11 consent was approved authorizing Glencore to transfer Optimum to ...
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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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In 2022, news outlets reported that allegations have emerged that Optimum Coal Mine has been used as an "'industrial-strength' money-laundering machine" Operator: Westdawn Investments/JIC Mining Services; Owners: Optimum Coal Holdings (owned by Tegeta Exploration and …
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The former Gupta family-owned Optimum Coal Mine is set to be reopened today to much fanfare. Optimum Mine. After a six-year legal battle, a settlement in the Pretoria High Court found that the ...
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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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Optimal Mining Solutions is a leading coal mining company based in The Gap, Queensland. Contact us for cost effective and efficient mine planning consulting. Speak to us on +61 7 3511 1786. ... Optimal Mining Solutions Pty Ltd is a niche, innovative mine planning and advisory consultancy based in Brisbane, Australia. We help our clients ...
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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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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 Koornfontein Mine in ...
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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 to pay workers' outstanding...
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BHP Billiton in respect of the Optimum Colliery (the right being notarially executed on 5 June 2008). By the time of the lodging of the appeal referred to below, however, it appears that mining was being conducted by Optimum Coal Mine (Pty) Ltd (the relationship between BHP Billiton and Optimum Coal Mine (Pty) Ltd is not clear).
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MC Mining Ltd Optimum Coal Mine (Pty) Ltd Petmin (Pty) Ltd Salungano Group Ltd Mining Holdings (Pty) Ltd Seriti Resources Holdings (Pty) Ltd Thungela Operations (Pty) Ltd
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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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The two parties met on 4 March 2024 to discuss the proposal, which is currently being considered by Liberty Coal, says RBCT. Optimum Coal has been in dispute with RBCT since 2018 over several ...
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The first preservation order sought by the NDPP is over all of Tegeta's shares in Optimum Coal Mine (Pty) Ltd (OCM), all of Tegeta's shares in Optimum Coal Terminal (Pty) Ltd, and the business ...
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[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 …
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