coal Hope dies at Guptas' Optimum mine As the business rescue process drags on, workers have gone months without being paid, and despite promises of relief on February 28, some remain sceptical ...
What happened to the R1billion Optimum secured? According to an IOL News report, the coal mine had received an estimated R1billion in funding to resume coal supply operations for Eskom.
Glencore had put the Optimum Coal Mine (OCM) – one of the three entities in OCH – into business rescue. Eskom, as OCM's only customer, had stated that it would only approve a change in OCM ...
Search Optimum Coal Mine jobs and careers in South Africa Find employment by browsing our list of Optimum Coal Mine vacancies in South Africa.
optimum colliery coal mine vacancies OPTIMUM COLLIERY VACANCIES OPTIMUM COLLIERY VACANCIES MINE IS BASED IN MPUMALANGA HAVE NEW CONSTRUCTION NEEDED WORKERS AS FOLLOWING Search Optimum Coal Mine jobs and careers in Mpumalanga – Find employment by browsing our list of Optimum Coal Mine vacancies in Mpumalanga.
First, the mine was fired to meters (3 to 5 ft) upwards by a small propellant charge. Approximately a halfsecond later, the main charge detonated at the optimum height to kill or severely injure anyone in the immediate area. The main charge of the mine was surrounded by roughly 360 steel balls, short steel rods, or scrap metal pieces.
Optimum Coal no longer under business rescue. The business rescue practitioners of the Guptacontrolled Optimum Coal Mine say they are satisfied that the mine is no longer financially distressed and can be discharged from business rescue.
The rumoured sale of just part of the Guptas' Optimum Coal beggars belief Reports that they stand to make on a coal deal have left analysts gobsmacked. Sep 28, 2019
Sep 07, 2015· The mine has secured financial support from Glencore for this purpose. Supply agreement. The coal mine, which is owned by Anglo–Swiss multinational commodity trading and mining company, Glencore, said that its Optimum Coal Mine was under financial strain because it was selling coal to Eskom for less than the cost of production.
OPTIMUM COLLIERY VACANCIES. OPTIMUM COLLIERY VACANCIES MINE IS BASED IN MPUMALANGA HAVE NEW CONSTRUCTION NEEDED WORKERS AS FOLLOWING Search Optimum Coal Mine jobs and careers in Mpumalanga – Find employment by browsing our list of Optimum Coal Mine vacancies in Mpumalanga. As part of youth development and capacitation, De Beers Voorspoed Mine based in .
HENDRINA, Mpumalanga Optimum Coal Mine CEO George van der Merwe is expected to address striking workers on Thursday. About 2,000 workers at the Mpumalanga mine .
Mar 26, 2019· Optimum Coal Mine to resume supply to Eskom IOL reported that Optimum Coal Mine is set to supply Eskom with coal again after its business rescue practitioners secured R1billion in funding to ...
Feb 20, 2018· South Africa's Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site's social and labor plan. Workers protested ...
Jan 16, 2019· Under Gupta ownership, Tegeta Resources and Energy and the Optimum colliery left in a quandary after the company could not honour its end of a coal supply deal with stateowned power utility Eskom. Since the Guptas went off the radar, the Bank of Baroda left the country, leaving the company unable to pay employees.
Resource. It is part of the same formation as the Mmamabula coalfields in Botswana, to the west. It contains about 40% of South Africa's coal resources. The Waterberg Coalfield has been estimated to hold about 50 billion tons, of which about a quarter could be extracted using opencast mining.
Jan 15, 2019· The group, which last year bought three major assets from Tegeta Exploration and Resources (Pty) Ltd., a Gupta familylinked mining company, said Tuesday that Optimum Coal Mine, Koornfontein Mine ...
Optimum Colliery is located at Mpumalanga, South Africa. Location coordinates are: Latitude= 26, Longitude= This infrastructure is of TYPE Coal_Mines and CATEGORY Fuels and Resources. It has 1 unit(s). The first unit was commissioned in 1970. It is operated by Ingwe Coal Corporation Ltd.
Optimum has not been supplying Eskom with coal for a year. Lawyer Bouwer van Niekerk said they are working to raise funds for all employees at both mines to be paid on an ongoing basis.
Mantashe to meet workers at Guptaowned Optimum coal mine 8 March 2018, 12:11 PM. Newlyappointed minister of mineral resources, Gwede Mantashe, will on Thursday be meeting with workers at the troubled Optimum coal mine in Mpumalanga.
Dec 11, 2015· The Optimum Coal Mine went into business rescue, or protection from creditors, in August after a slide in coal prices meant it was selling coal to power utility Eskom [], its main customer ...
Optimum Coal Mine comprises numerous defunct, active and future mining sections. The mine is primarily a large opencast coal mine.
Optimum Coal commences business rescue proceedings Glencore announces that the directors of its subsidiaries, Optimum Coal Holdings and Optimum Coal Mine (Optimum), have resolved to commence business rescue proceedings and place both companies under supervision given continued and unsustainable financial hardship.
HR Pulse. The Optimum Coal mine, which is linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site's social and labour plan. The Department of Mineral Resources ... Created on 23 Feb 2018.