Optimum coal got kid glove treatment under Tegeta, commission hears

2019-03-08 19:06

A coal supply unit manager at Eskom tells the Zondo Commission he knew of disputes over penalties issued to Optimum mine under Glencore by Eskom, while the same colliery under Tegeta faced less.

NUM challenges government to save jobs at Optimum mine - even if that means buying it

2019-01-16 07:33

The National Union of Mineworkers says mineworkers at Optimum and Koornfontein Colliery Mines in Mpumalanga have not received their salaries in three months.

Gupta's SA mining assets attract R3.05bn bid

2018-12-13 07:29

A South African consortium called Project Halo has submitted the winning bid of R3.05bn for three major assets of a Gupta family-linked mining company.

ANALYSIS: Eskom's deadly cocktail

2018-12-01 12:51

The power utility is facing a deadly cocktail of increasing coal and employment costs, stagnant revenue growth and rising debt.

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.

Department of Mineral Resources to approach state capture inquiry

2018-09-13 16:17

The Department of Mineral Resources will approach the commission of inquiry into state capture, and give evidence if asked to do so.

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

2018-09-11 17:25

Oakbay Investments owes Tegeta Resources and Energy just over R2m for the rental of its Sandton offices, says a business rescue practitioner applying to have the company liquidated.

SABS 'thrown under Gupta bus'

2018-06-17 10:59

The trade and industry department has accused its own body – the SA Bureau of Standards – of colluding to help Gupta-owned Tegeta coal mine maintain a supply contract with Eskom.

Eskom's Phakamani Hadebe soothes load shedding fears

2018-05-03 17:24

While the risk of load shedding always exists it is not likely to occur this winter, says Eskom acting CEO Phakamani Hadebe.

Eskom warns coal stock levels below 20-day target at seven plants

2018-04-25 17:30

Eskom has named Tegeta as one of the reasons why it is running the risk of low coal stock levels, ahead of the consumption-heavy winter season.


NUM march to Union Buildings for Optimum coal miners stuck in limbo

2019-01-16 17:28

The National Union of Mineworkers marched to the Union Buildings on Wednesday, asking government to ensure the mineworkers at Optimum receive salaries after they were left stranded by Tegeta’s fall into business rescue.

SIU waiting for responding papers in application to nullify Eskom, Tegeta deal

2019-01-13 10:21

The Special Investigating Unit is waiting for responding papers to be filed in its court application to have a coal supply contract between Eskom and Tegeta declared illegal and invalid soon.

In the dark? You can thank the Guptas for load shedding

2018-12-04 07:17

In the two years that Gupta-owned mines were under the controversial family’s control they undersupplied Eskom by nearly four million tons of coal – with zero consequences.

Gupta-linked company 'fabricated agreement' to dodge liquidation

2018-11-28 16:40

Business rescue practitioners for Tegeta Resources and Exploration want Oakbay Investments liquidated to settle unpaid rent.

Gupta associate in court battle over Tegeta shares

2018-09-19 17:25

Charles King SA has launched a court application to stop the sale of Tegeta's shares or assets until a dispute over the sale of shares agreement is settled.

Minerals committee still in the dark over funds for capture inquiry

2018-09-12 17:27

The portfolio committee is still in the dark on whether they will be afforded the resources and budget needed to proceed with an inquiry into allegations of state capture affecting the Department of Mineral Resources.

Treasury gives parties 2 weeks to respond to Tegeta, Transnet locomotive report

2018-07-29 10:14

National Treasury has received the draft forensic report on the alleged irregularities in the awarding by Eskom of a coal contract to Tegeta and in Transnet’s procurement of locomotives from China South Rail.

DMR to meet with Tegeta rescue practitioners

2018-05-30 20:49

The Department of Mineral Resources has told Parliament that it would meet with the business rescue practitioners in charge of Tegeta’s mining operations next week.

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".

Eskom acting CEO promises 'new culture of accountability'

2018-04-18 14:29

The Eskom board has told Parliament it is serious about instilling a new culture of accountability and consequence management at the state power utility.

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