ARTICLES RELATING TO OPTIMUM

WATCH: Former Gupta-linked Optimum Coal Mine goes up in flames

2019-09-16 17:11

Optimum Coal Mine in Middelburg, Mpumalanga went up in flames after a fire set the mine’s conveyor belts alight.

Charles King SA court bid to halt Gupta mine sales dismissed

2018-09-28 15:17

An urgent court bid by Swiss-based company Charles King SA to stop business rescue practitioners from selling Gupta-owned Optimum and Koornfontein mines has been struck off the court roll.

Eskom suspends official over Gupta-owned coal mine contract

2018-04-15 18:30

Eskom has suspended a senior general manager, pending an investigation into irregular conduct in the supply of coal by a Gupta-owned mine.

Court orders preservation order for Guptas' mine rehabilitation funds

2018-03-10 18:29

The National Prosecuting Authority has secured a court order to preserve the mining rehabilitation funds of two Gupta-owned mines held by the Bank of Baroda which intends leaving South Africa.

Optimum denies claims of 'Gupta stench'

2018-03-06 22:00

An Optimum Coal Mine business rescue practitioner has denied claims by Optimum's creditors that the company is tainted by a "Gupta stench".

Mineral resources committee concerned over Optimum Mine impasse

2018-02-24 12:33

The Portfolio Committee on Mineral Resources has expressed its concerns over the latest developments at the Gupta-owned Optimum coal mine in Mpumalanga, where workers are currently on strike.

REVEALED: More Gupta-owned companies apply for business rescue

2018-02-23 15:07

More Gupta-linked companies have filed for business rescue, company documents show.

'We can't support our families' - anger mounts as workers at Gupta-owned coal mine down tools

2018-02-21 12:04

Mineworkers at the Gupta-owned Optimum Coal Mine, in Mpumalanga, have downed tools over the uncertainty of their jobs and the future of the mine.

FIC fines bank that helped Guptas buy mine – report

2017-09-04 10:12

The Financial Intelligence Centre has reportedly fined the Bank of Baroda R11m for its conduct when it helped the Guptas buy Optimum coal mine from Glencore in 2016.

Gupta-owned Optimum has R1.5bn in rehabilitation fund - Zwane

2017-06-08 20:28

Mineral Resources Minister Mosebenzi Zwane claimed in a written response that the Optimum Colliery, owned by the Gupta family, indeed has R1.5bn in a trust fund for rehabilitation purposes as required by law.

 

Coal miner community shows the beautiful side of SA

2019-01-19 19:27

Shafted by the Guptas, the people of Blinkpan, Mpumalanga have come together across race and class to help each other.

Eskom rubbishes claims it is bailing out Gupta-linked Optimum mine

2018-04-30 17:38

Eskom says it is not bailing out Gupta-linked Optimum Coal Mine, and that allegations made in a newspaper report are "factually incorrect and without basis".

Gupta business rescue practitioners shown the door after questioning suspect transactions

2018-04-10 21:31

The business rescue practitioners appointed to several Gupta-linked companies have approached a high court for urgent relief after they were barred from the offices of the very companies they are trying to rescue.

Business rescue may put Optimum back under Glencore ownership

2018-03-07 17:38

Glencore could potentially return as owner of the Optimum mine - under strict conditions - as business rescue practitioners say Gupta-owned mining assets may be put up for sale.

Plan to rescue Gupta businesses revealed

2018-02-26 11:51

Business rescue practitioners appointed to oversee Gupta-linked companies which filed for business rescue say their main objective is to keep the companies operating and to stop job losses.

Parliament calls on mineral resources dept to intervene at Gupta mine

2018-02-23 15:42

Parliament's Portfolio Committee on Mineral Resources has called on the mineral resources department to intervene at Gupta-owned Optimum Coal Mine in Mpumalanga.

Striking Gupta mineworkers demand answers about their future

2018-02-22 14:45

Workers at Gupta-owned Optimum Coal Mine have demanded to know if they will be paid and asked to be informed of plans to pay outstanding debt to creditors, in a memo to the CEO.

Guptas suck Mpumalanga mining town dry

2018-02-18 06:01

Residents of Hendrina in Mpumalanga are keenly feeling the Guptas' financial woes because the water they receive from the family's Optimum coal mine frequently dries up.

Why Eskom crushed R2.1bn Optimum fine to just R255.4m

2017-07-19 13:21

Eskom reduced a massive R2.1bn fine to partly Gupta-owned Tegeta because of a problem with the coal crusher, says Eskom CFO Anoj Singh.

Eskom claims it didn't pay Gupta-linked Trillian a cent

2017-05-18 08:16

Eskom has denied paying Gupta-linked Trillian in 2016, after a report alleged payments to the firm were used by Gupta-owned Tegeta to buy Optimum for R2.15bn.

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