Latest articles on Optimum Coal

Eskom’s coal supply threatened by foiled Optimum deal, Zondo inquiry hears

​The decision taken by then Eskom CEO Brian Molefe to give Optimum coal mine the cold shoulder jeopardised the coal supply to the Hendrina station

Zondo commission: Eskom ‘fooled the system’ to pay the Guptas

Eskom was effectively 'fooling the system' when it made a multimillion-rand prepayment to the Guptas for coal from the ailing Optimum coal mine

Eskom’s Gupta ties continue to be probed at Zondo inquiry

Snehal Nagar and Gert Opperman from Eskom’s primary energy division will testify at the Zondo commission of inquiry into state capture on Tuesday

Guptas’ Eskom shenanigans exposed at Zondo inquiry

"Eskom allegedly gave Tegeta preferential treatment even though the coal it supplied from its Brakfontein mine did not pass quality checks."

Molefe blamed for Eskom’s coal supply woes

During his testimony before the commission, Glencore executive Clinton Ephron detailed the events that led to Optimum going into business rescue

Zondo commission to hear how the Guptas nabbed their Optimum coal mine

Former Glencore CEO Clinton Ephron will take the stand on Wednesday and is set to outline how the company was pressured into selling the Optimum mine

Zwane’s role in alleged Eskom corruption ‘cannot be ignored’

The former minister’s role in Gupta-owned Tegeta’s acquisition of the Optimum Coal Mine is to be closely probed by Zondo commission

Banks called out over Gupta heists

A new report focuses on the role of financial institutions in the illicit movement of of money

Legal wrangle over Gupta-linked Shiva Uranium loan still ongoing — Patel

Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes

Treasury confirmation — Eskom looting was an inside job

The revelations are contained in a near 500 page draft forensic report by national treasury into the capture of Eskom and Transnet

Lily Mine gets a second wind

​The Portfolio Committee on Mineral Resources has said it welcomes a report recommending the reopening of the mine

Tegeta’s mines ‘riddled with non-compliance’

The mines are largely viable as mining operations, but optimal function requires the 'right management', members of parliament heard on Wednesday

Bizarre battles in Gupta rescue

The companies and the IDC are strange partners in court cases against the business rescue team

Eskom promises no load shedding

The utility has said it is sourcing additional coal from suppliers to ensure that there are outages this winter

Eskom isn’t bailing out Gupta-linked mine

The power utility has rubbished claims it is bailing out Optimum Coal Mine

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