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Sep 17, 2019· Its assets include the Optimum coal mine, the Koornfontein colliery and a share in Richards Bay Coal Terminal, which allows it to export the fuel. Port access for coal producers in South Africa is a prized asset. The venture will bid for all the assets, said Adams, adding that Smada derives its name by spelling his surname backward.
New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile Power Station. For further information on the Coal Resource please refer to the Anglo American Ore Reserves and Mineral Resources Report 2016.
Optimum coal mine in business rescue. ... revealed on Thursday that Optimum Coal Mine, Koornfontein Mines and Optimum Coal Terminal was placed into business rescue. ... View .
1. Optimum Coal Mine (Pty) Ltd (in business rescue) for the sale of assets. Located in the Mpumalanga province. OCM has open cast strip and underground sections. OCM owns 8 draglines, 2 processing plant, 1 railway siding, 1 rapid load out facility, 15 ML/day water reclamation plant. Life of mine is 2030+.
Sep 18, 2019· Dubai's DSA Investments has teamed up with two South African companies to bid for coal assets that Glencore was pressured into selling to a .
The Gupta-owned Optimum coal mine in Mpumalanga could lose its mining licence if its water supply to the town of Hendrina is not restored, a mining law expert says. Hendrina's water reservoir is ...
Optimum and Koornfontein mines and coal terminal operations went under business rescue on February 20 as a result of the Bank of Baroda announcing its withdrawal from South Africa effective on ...
The business rescue practitioners (BRPs) for the Optimum coal mine and the Koornfontein mines have put the assets back up for sale. The BRPs, along with major creditors, have set the closing date ...
Jan 10, 2019· The BRPs have provisionally accepted a combined offer from the Project Halo consortium to purchase three companies (Optimum Coal Mine, Koornfontein Mines and Optimum Coal Terminal) at .
Oct 08, 2018· Ghosts of the Guptas still haunt Optimum coal mine . ... a share in the Richards Bay Coal Terminal and Koornfontein Mines. ... South Africa. Africa. International.
Aug 23, 2017· Guptas selling Tegeta mining interests ... Tegeta is made up of Optimum‚ Koornfontein and the Optimum Coal Terminal‚ which has recently seen a .
May 23, 2019· Optimum Coal Mine together with Optimum Coal Terminal and the independent Koornfontein Mines, in Mpumalanga are now up for sale within strict parameters as governed by the provisions regulating entities under Business Rescue. These companies commenced business rescue proceedings in February 2018 ...
Coal miner community shows the beautiful side of South Africa When the formerly Gupta-owned mines were placed under business rescue last year, staff never knew from one day to the next whether ...
Feb 26, 2018· The union also confirmed that workers at the Optimum Coal Mine had not received their wages by Friday morning. Workers at that mine will also not go to work until their salaries are paid, according to NUM. Optimum Coal Mine, Koornfontein Mine and Shiva Uranium are all owned by companies that fall within the larger Gupta empire.
View all in Video. CARTOON: Bright Excuses ... Ephron was Glencore's CEO when the company sold its Optimum coal mine to Gupta-owned Tegeta. ... Optimum, Koornfontein miners set to continue ...
View all in Video. CARTOON: Bunny Bones ... NUM members to strike at Gupta-owned Koornfontein mine. ... The controversial family's other operation Optimum coal mine in Mpumalanga failed to pay its ...
AmaBhungane has now confirmed from company records that Optimum Coal Mine, Koornfontein Mines and Optimum Coal Terminal have been placed into business rescue. ... view .
Sep 28, 2018· The company's contracts to supply coal to the embattled power utility Eskom at three of its mines – Koornfontein, Brakfontein and Optimum .
South Africa . Gupta mines to start operating ... Workers at Optimum Coal near Middelburg in Mpumalanga‚ the flagship coal mine owned by the Gupta family‚ have been on strike since Saturday ...
Apr 12, 2016· COMPETITION TRIBUNAL OF SOUTH AFRICA. Case No: LM212Jan16. In the matter between: Tegeta Exploration and Resources (Pty) Ltd Primary Acquiring Firm. and. Optimum Coal Mine (Pty) (in business rescue) Optimum Coal Terminal (Pty) Ltd. Koornfontein Mines (Pty) Ltd. Optimum Nekel Mining and Exploration (Pty) Ltd
Our flagship operations are Optimum Collieries and Koornfontein Mines in Mpumalanga. Optimum Coal is the sixth largest producer of thermal coal in Southern Africa, SA&rsquos fourth largest coal exporter with significant shareholding of RBTC and a key supplier of coal to Eskom.
optimam coal sa koonfontein mines video view. Heavy construction equipment refers to heavy-duty vehicles, specially designed for executing construction tasks. They .
D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like KOORNFONTEIN MINES (PTY) LTD and Nonmetallic Mineral Mining & Quarrying contacts in WITBANK, Mpumalanga, South Africa and around the world.
Jan 15, 2019· A South African consortium called Project Halo won a bid to buy Optimum Coal Mine, Koornfontein Mine and Optimum Coal Terminal for R3.05 billion from Tegeta Exploration and Resources, a mining ...
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