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Glencore

Glencore We work with our stakeholders to understand their areas of interest, taking a transparent and timely approach in sharing information, such as our microsite for tailings storage facilities with detailed info across our 126 facilities.

Glencores Optimum coal now in hands of S. Africans

Apr 14, 2016· Oakbay Investments, the firm controlled by the Gupta family and South African President Jacob Zumas son, completed Thursday the $145 million acquisition of

NUM demands Glencore sell its mining licenseMining News

Feb 23, 2015· The National Union of Mineworkers (NUM) has demanded that global miner and commodities trader Glencore Plc reverse plans to close any operations at its Optimum colliery, saying the company should instead sell its mining license to potential buyers.

Gupta's Oakbay sells Optimum Coal export rights Miningmx

Sep 05, 2016· This was after Glencore put the colliery into business rescue proceedings because of the bustup with Eskom over the price of coal supplied to the Hendrina power station. Glencore had previously shut down Optimums export business because of low export coal prices, but it kept the domestic operations going because of the contractual

Dubais DSA Leads Bid for Mines Once Owned by Guptas, Glencore

Sep 17, 2019· Bloomberg the Company & Its Products The Dubais DSA Leads Bid for Mines Once Owned by Guptas, Glencore By . Its assets include the Optimum coal mine, the Koornfontein colliery and a

Eskom accused of pushing for Glencore mine closure

Glencore placed the Optimum mine into business rescue, an alternative to bankruptcy, in August 2015 after Mr Molefe refused to renegotiate a longterm supply contract on which the colliery was

Glencore confirms Optimum interestFinancial Times

Sep 01, 2011· Glencore has confirmed its interest in taking over South Africas Optimum Coal for $1.2bn, in a deal that would transform the companys

Glencore eventually caved in and sold Optimum mine to

After Glencore turned down the offer, the department of mineral resources, at the time under minister Zwane, issued Section 54 suspension notices on Optimum for contravening safety regulations.

EskomTegeta deal in best interests of SAIOL

Consequently, Glencore agreed to a BEE transaction with Pembani, which comprises Pembani Group and Shanduka Resources, to increase the black ownership of Optimum Colliery to above 50 percent.

Women targeted for retrenchment at Optimum baseless Glencore

Allegations that female employees were being targeted for retrenchment Optimum colliery were baseless, Glencore said on Wednesday. Female employees make up

CareersGlencore

Search and apply for a range of current career opportunities across our business. Search and apply here. Keep up to date. Subscribe to our RSS news feed and keep up to date with the latest Glencore news. Delivered direct to your desktop. Glencore @Glencore 1 days. Taking a leading role in enhancing local education. In #Peru, we have established

Effluent Mine Water Treatment, Izimbiwa CoalProxa

PROXA treats effluent mine water to potable standards for Glencore at the Izimba coal mine. Read the case study here. AFRICA Tel: +27 11 656 3321 AUSTRALIA Tel: +61 8 8423 0814 EUROPE Tel: +32 4 275 0779 MIDDLE EAST Tel: +971

Seriti Resources interested in Optimum Coal as it looks to

Jun 06, 2018· Bloomberg reports have suggested that Glencore is also weighing buying back Optimum, which it sold to Oakbay Investments, owned by

Optimum may return to GlencoreBusinessLIVE

Business rescue practitioners may not yet have executed a business plan for Optimum Coal but the race by potential buyers of the Guptaowned colliery has begun, with its onetime owner, Glencore

Gupta's Oakbay sells Optimum Coal export rights Miningmx

Sep 05, 2016· This was after Glencore put the colliery into business rescue proceedings because of the bustup with Eskom over the price of coal supplied to the Hendrina power station. Glencore had previously shut down Optimums export business because of low export coal prices, but it kept the domestic operations going because of the contractual

Duduzane Zuma exposed as biggest Optimum Coal shareholder

Tegeta Exploration & Resources Ltd. agreed to buy Optimum for 2.15 billion rand ($140 million) in December after Glencore had placed the mine under administration because it said it couldnt make a profit because of the terms of a coal supply deal with state power company Eskom Holdings SOC Ltd.Tegeta is 64 percent owned by by Mabengela Investments, which in turn is

Glencore International AG v Optimum Coal Purchase Rights

[7] The proposed transaction will allow Glencore to market the coal produced at Optimum Colliery, which it owns. We were informed at the hearing that as the owner of the Optimum, Glencore has a superior ability to understand the technical, geological and other factors affecting the mines production.

Glencore to sell Optimum Coal Mine in South Africa for

Dec 11, 2015· Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's

Glencore acquires controlling stake in Optimum Coal

Commodities trader Glencore International said on Tuesday it had acquired a further 36.56% interest in the Optimum Coal, following unconditional approval by

GlencoreMining NewsPart 13

Glencore will start negotiations with unions regarding the closing of part of its Optimum colliery, which will halve production and affect 1,070 employees. The mine will still however supply Eskoms Hendrina power station with 5million tonnes of

Guptas and Zwane drove Glencore to sell colliery at

Outlining the events leading to the virtual collapse of the Optimum colliery, which had supplied Eskoms Hendrina power plant in Mpumalanga for more than 40 years, former CEO of Glencore

Glencore acquires controlling stake in Optimum Coal

Commodities trader Glencore International said on Tuesday it had acquired a further 36.56% interest in the Optimum Coal, following unconditional approval by

Glencore International AG v Optimum Coal Purchase Rights

[7] The proposed transaction will allow Glencore to market the coal produced at Optimum Colliery, which it owns. We were informed at the hearing that as the owner of the Optimum, Glencore has a superior ability to understand the technical, geological and other factors affecting the mines production.

Optimum coal mine in business rescueIOL

JOHANNESBURGWorkers at the Guptaowned Optimum coal mine in Mpumalanga, this week downed tools, demanding answers from management over the mines future, as

Glencore Internation PLC v Xstrata PLC (ar12) [2013

COMPETITION TRIBUNAL OF SOUTH AFRICA. Case No: ar12 (014795) When Komati was recommissioned the then owners of the Koornfontein Colliery (not Glencore at the time) indicated that their coal was being exported but there was a small portion of coal that could still be offered to Eskom for sale. Optimum Colliery being its main

JCI MINING Opencast Mining Contractors est. 2007

JCI Mining was established in 2007 and was initially involved in the plant hire of earthmoving equipment. The company progressed to doing small subcontract load and haul projects which eventually culminated in to doing full mining contracts for clients, offering the full range of Opencast Mining services.

Guptas, Eskom still not budging on R2bn coal fine payment

Nov 30, 2016· When Eskom refused to budge on signing a new contract for Optimum to supply Hendrina Power Station with coal until the R2bn fine was paid in 2015, Glencore was forced to place Optimum into business rescue in August 2015. Glencore disputed it (the fine and) wanted to go to arbitration and then business rescue happened, Howa told Carte Blance.

Glencore and Optimum: Is the government playing dare

Aug 07, 2015· The DMRs action came several days after news that Glencore was putting the lossmaking Optimum Colliery into business rescue as half its coal output was accounted for by an uneconomic contract

Guptas, Eskom still not budging on R2bn coal fine payment

Nov 30, 2016· When Eskom refused to budge on signing a new contract for Optimum to supply Hendrina Power Station with coal until the R2bn fine was paid in 2015, Glencore was forced to place Optimum into business rescue in August 2015. Glencore disputed it (the fine and) wanted to go to arbitration and then business rescue happened, Howa told Carte Blance.

Optimum coal mineEyewitness News

Ephron was Glencores CEO when the company sold its Optimum coal mine to Guptaowned Tegeta. 438 days ago NUM: 'Optimum Coal workers will not return to work until salaries paid'

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