ARTICLES RELATING TO OPTIMUM COAL

Guptas ‘tried to use front’ to extract Sahara assets

2018-11-12 06:28

Nearly R20m in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned by Sahara Computers.

Business rescuers pick 'ideal' SA partner to keep Gupta coal mines going

2018-04-12 07:01

South Africa’s Burgh Group has won a temporary contract to keep mines linked to the Gupta family afloat, according to a business rescue manager for the assets.

Battle for Optimum Coal

2018-03-18 06:00

Business rescue practitioners of eight Gupta companies are facing off with a months-old shelf company that wants to buy the mine.

Judgment expected on Gupta-linked Bank of Baroda's SA operations

2018-03-12 08:27

The High Court in Pretoria is expected to deliver judgment in an urgent application by 19 Gupta-linked companies to prevent the Bank of Baroda from closing its South African operations.

Gupta companies could have fake BEE certificates - DA

2018-02-26 16:27

The DA says the empowerment certificates of Tegeta, Optimum and Trillian Consulting are possibly fraudulent and it will ensure documents relating to this are made available for the state capture inquiry.

Focus turns to frozen Gupta mine funds as Bank of Baroda exits SA

2018-02-12 14:46

The Organisation Undoing Tax Abuse says it is 'still trying to ascertain' what the bank shuttering its SA operations means for ring-fenced funds meant for mine rehabilitation.

Guptas to oppose freezing of R1.75bn in mine funds

2017-10-02 18:29

The trusts of two coal mines owned by the Gupta family will go to court in early December to oppose the recent freezing of the mines’ rehabilitation funds.

Gupta coal mine to pay salaries late after bank bid fails

2017-09-22 14:23

Gupta-owned Optimum Coal Mine will pay its employees late this month, after a court dismissed the Guptas’ bid to prevent the Bank of Baroda from closing its accounts.

Zwane faces treason charges

2017-07-24 15:25

Civil rights body OUTA has laid charges of treason against Mining Minister Mosebenzi Zwane, saying must answer for actively aiding state capture and damaging South Africa's economy.

Guptas, Eskom still not budging on R2bn coal fine payment

2016-11-30 14:52

The Guptas, who part-own Optimum Coal Mine through Tegeta Resources and Energy with President Jacob Zuma’s son Duduzane, have yet to pay Eskom's R2.176bn fine.

 

Charles King deal for Gupta-linked Optimum 'a farce', says business rescue practitioner

2018-05-10 14:30

Swiss company Charles King wants the business rescue practitioners of the Gupta-linked Optimum coal mine to recognise a sale agreement it had entered into.

IDC to fight Gupta rescuers

2018-04-08 06:00

Practitioners have failed to take over the mine so that it can have a fair chance at being rescued.

Gupta case against Bank of Baroda dismissed with costs

2018-03-12 10:08

Judge Ntendeya Mavundla has dismissed the application of Gupta-linked companies against Bank of Baroda with costs.

Fronting must be investigated without fear or favour - Rob Davies

2018-03-06 14:52

Trade and Industry Minister Rob Davies says that the B-BBEE Commission should be able to investigate the issues of fronting without fear or favour.

Guptas' Optimum Coal risks suspension as workers protest

2018-02-21 11:09

Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site’s social and labour plan.

Electricity supply won't be compromised by limited coal supply - Eskom

2017-11-30 20:45

Eskom says despite a shortage of coal supply to its Hendrina power station, due to Optimum Coal Mine not fulfilling its contractual obligations, the electricity supply will not be compromised.

OUTA's court bid to freeze Gupta mine funds set for Tuesday

2017-09-22 19:05

An urgent court application to freeze some R1.75bn in mine rehabilitation funds from the Gupta-owned Optimum and Koornfontein coal mines will be heard on Tuesday.

OUTA goes to court to ring-fence Gupta mine funds

2017-09-21 15:00

Civil rights body OUTA is to lodge an urgent interdict with the North Gauteng High Court to freeze R1.75bn in mine rehabilitation funds from the Gupta-owned Optimum and Koornfontein coal mines.

Ramatlhodi: I told the Guptas to back off

2017-05-16 11:58

During his time as mineral resources minister, Ngoako Ramatlhodi said he was asked to meet with the Guptas, but refused to do so.

#StateCaptureReport: Call for Molefe to tell the truth under oath

2016-11-07 11:18

Eskom CEO Brian Molefe must tell the truth under oath before Parliament regarding allegations contained in Thuli Madonsela’s “State of Capture” report, says the DA.

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