optimum coal mine pty ltd

NUM hails court settlement that gives control of …

Liberty Coal and the NPA jointly approached the Gauteng High Court, Pretoria, with the support of various other vested parties for an order for settlement that would allow the Optimum Mine to...

LATEST DEVELOPMENTS AT THE OPTIMUM COAL MINE

Section 11 of the MPRDA to Optimum Coal. • The assets included Optimum Coal Mine, Brakfontein Mine, Koornfontein Mine and Idwala. • Optimum Coal Mine was acquired by Tegeta Exploration & Resources (Pty) Ltd through a sale transaction with Glencore in 2016 and a Section 11 consent was approved authorizing Glencore to

Optimum Coal Terminal (Pty) Limited and Others v Richards Bay Coal

OPTIMUM COAL TERMINAL (PTY) LTD (IN BUSINESS RESCUE) FIRST APPLICANT . OPTIMUM COAL MINE (PTY) LTD (IN BUSINESS RESCUE) SECOND APPLICANT ... OCM's coal mining business, under the control of the business rescue practitioners of OCM finally ground to a halt breaking the critical 'notional horizontal link' between OCM …

Court finds grounds to believe funds used to buy Optimum mine …

The high court in Pretoria on Wednesday said the National Director of Public Prosecutions had established, at first glance, a case that the Optimum Coal Mine properties bought by a Gupta-owned ...

Glencore announces $1 billion acquisition of Optimum Coal

Glencore International plc (LON:GLEN), seeking access to the growing coal market in India and China, announced on Thursday an estimated $1 billion plan to acquire Optimum Coal Holdings (JNB:OPT ...

RBCT explains why it is blocking Optimum Coal exports

Optimum Coal has been in dispute with RBCT since 2018 over several issues, including unpaid wharfage fees – which have reportedly since been settled. It …

Optimum Coal Mine pays back R6.9m

Optimum Coal Mine – formerly owned by the infamous Gupta brothers – has paid back some R6.9 million in outstanding motor licensing fees and penalties as part of its Acknowledgement of Debt …

Optimum Coal's relaunch halted by dispute over Richards

In 2022, the National Director of Public Prosecutions (NDPP) brought two applications for the forfeiture of all shares in the Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT) at Richards ...

Glencore to sell Optimum Coal Mine in South Africa for …

Anglo-Swiss miner Glencore has provisionally agreed to sell its optimum coal mine in South Africa to Tegeta Exploration and Resources for $136m. The deal will save the mine from closure, as well as an expected 500 jobs. ... MINE Australia : Mining Technology Focus (monthly)

Optimum Coal Mine To Begin Exports Through RBCT Once …

Optimum Coal Mine To Begin Exports Through RBCT Once Rail Agreement Is Finalised. This content is for Premium Subscribers only. ... voestalpine VAE SA Enhances Rail Efficiency with Turnout Set Deliveries for Transnet Freight Rail's Key Coal Export Corridors 31 August 2024 SADC, South Africa. 4 min. Read . Railway …

High court thwarts sale of Gupta-owned Optimum Coal Mine …

The Pretoria High Court has frozen the assets of the Optimum Coal Mine. They were on the verge of being sold by the business rescue practitioners to Liberty Coal, a company controlled by former ...

Formerly Gupta-owned Optimum Coal to exit …

Liberty Coal, owned by Daniel McGowan's Templar Capital, will pay the Criminal Asset Recovery Fund R461 million to take control of Optimum Coal Mine as it exits a business rescue process that has …

Liberty Coal agrees to Optimum forfeiture deal

Liberty Coal has agreed a forfeiture settlement over Optimum coal mine whereby it will pay R462mn ($24.7mn) – or 44pc of the mine's current value of R1.05bn - to South Africa's …

Glencore to sell Optimum Coal Mine in South Africa for 2.15 …

Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand (£90.1 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit ...

Glencore announces expression of interest for Optimum Coal …

Glencore International plc ("Glencore") today announces its expression of interest in acquiring a controlling interest in Optimum Coal Holdings Limited ("Optimum", JSE:OPT), one of the largest producers of thermal coal in South Africa, through a consortium with its local Black Economic Empowerment partner, prominent South …

Optimum Coal

Optimum Coal | 1,441 followers on LinkedIn. Integrity: Optimum coal values Loyalty and trust while honouring interests and undertakings made to others. ... Arnot Opco Coal Mine Mining Middelburg, Mpumalanga ... Johannesburg, Gauteng South32 Mining Perth, Western Australia Zinoju Coal Coal Mining

Optimum and Koornfontein coal mines up for …

Optimum Coal Mine (Pty) Ltd, Optimum Coal Terminal (Pty) Ltd and Koornfontein Mines (Pty) Ltd are owned by entities linked to the controversial Gupta family. For this reason, all interested ...

Optimum Coal potential buyer wants to 'buy out' other …

Liquidators Cloete Murray, Sivalutchmee Moodliar and Ndumiso Sibiya have publicly accused McGowen of being a Gupta associate, an allegation which the …

Liberty Coal update: Re-employment of employees

Liberty Coal has reaffirmed its commitment to prioritising the re-employment of former employees who were retrenched by Optimum Coal Mine (Pty) Ltd (OCM). This is in accordance with the business rescue plan of OCM adopted by 88% of OCMs creditors in September 2020. Liberty Coal, however, emphasised that this process will require …

Optimum Coal Mine (Pty) Ltd.

Optimum Coal Mine (Pty) Ltd. Optimum Coal Mine (Pty) Ltd. Company Details. List two of your core business activities (1). Area Serviced. Pullenshope. Registration Number. 63/00537/06. Contact Information. Official Position. Manager. First Name. Vusi Zwane. Tel No. 0132965111. Cell No. 082898162. E-mail address.

Optimum and Koornfontein coal mines up for grabs

Optimum Coal Mine (Pty) Ltd, Optimum Coal Terminal (Pty) Ltd and Koornfontein Mines (Pty) Ltd are owned by entities linked to the controversial Gupta family. For this reason, all interested parties will be required to provide an affidavit disclosing any past dealings with the Oakbay Group of companies and / or their directors or …

Liberty Coal (Pty) Ltd (" Liberty Coal OCM RBCT OCT

Liberty Coal (Pty) Ltd (" Liberty Coal ") has recently postponed the launch of its acquisition of the business of Optimum Coal Mine (Pty) Ltd in business rescue (" OCM ") (see letter attached), which letter contains numerous misstatements and allegations concerning Richards Bay Coal Terminal (Pty) Ltd (" RBCT "), which we do not ...

Koornfontein Coal Mine

Note: The above section was automatically generated and is based on data from the GEM April 2024 Global Coal Mine Tracker dataset. Background. The Koornfontein coal mine is an opencast and underground mine near Witbank, in Mpumalanga province, South Africa. Mining has taken place within the Koornfontein complex since at least 1991, when …

Thungela

Thungela is a leading pure-play producer and exporter of high quality, low-cost thermal coal in South Africa. As a responsible thermal coal miner, we recognise society's ongoing needs and environmental expectations.

Planned termination of Optimum Coal's RBCT allocation …

Six mini-pit contractors operating the Optimum Coal Mine (OCM), in Mpumalanga, are faced with having to potentially collectively retrench as many as 2 000 workers before Christmas, owing to the ...

Lucas M Nengovhela

HSE Manager Optimum Coal Mine (Pty) Ltd · Lucas Nengovhela is currently employed as a Health, Safety and Environmental (HSE) Manager at Optimum Coal with 21 years' experience in the mining sector. He started his career with the then Venda government and then moved to the mining industry in the early 1990's to develop himself in the …

Optimum Coal Mine

Records show that the Optimum mine has been operating since at least 2002, when it was recorded as having an annual capacity of 13.1 …

South Africa lets Glencore resume operations at …

The company, one of the biggest exporters of South African coal, announced in July it would cut 380 jobs at Optimum and shut part of the mine as coal prices slumped 32% since the start of 2014.

Planned termination of Optimum Coal's RBCT allocation puts …

The six contractors, including Liberty Coal, will now no longer be able to mine and use the OCT to transport coal to the RBCT. OCM GM Howard Pyoos told Mining …

Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal Mine (Pty

Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal Mine (Pty) Ltd (in business rescue) and Others (LM212Jan16) [2016] ZACT 30 (12 April 2016) Download original files. PDF format. RTF format. ... (Pty) Ltd. Optimum Mpefu Mining and Exploration (Pty) Ltd Primary Target Firm . Panel : Norman Manoim (Presiding Member) ...