Latest articles on Optimum Coal

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

Article Sarah Smit - 8 Mar 2019

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

Article Sarah Smit - 5 Mar 2019

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

Article Sarah Smit - 5 Mar 2019

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

Article Sarah Smit - 1 Mar 2019

"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

Article Sarah Smit - 27 Feb 2019

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

Article Sarah Smit - 27 Feb 2019

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’

Article Sarah Smit - 20 Feb 2019

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

Article Tebogo Tshwane - 16 Nov 2018

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

Article Khulekani Magubane - 3 Sep 2018

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

Article Sabelo Skiti - 29 Jul 2018

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

Article Sarah Smit - 30 May 2018

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’

Article Khulekani Magubane - 30 May 2018

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

Article Staff Reporter - 25 May 2018

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

Eskom promises no load shedding

Article Agency - 3 May 2018

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

Article Lameez Omarjee - 30 Apr 2018

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

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

National

Hawks swoop down with more arrests in R1.4-billion corruption blitz

khaya koko - 22 Oct 2020

The spate of arrests for corruption continues apace in Gauteng and the Eastern Cape.

Coronavirus

SANDF hid R200m expenditure on ‘Covid’ drug it can’t use

Sabelo Skiti - 22 Oct 2020

Military health officials are puzzled by the defence department importing a drug that has not been approved for treating coronavirus symptoms from Cuba

National

Epic fail: Africa’s Fortnite battle

Eyaaz Matwadia - 22 Oct 2020

Forced onto the backfoot by poor ping and overseas servers, African gamers are getting creative in an attempt to play one of the biggest competitive games. In the second instalment of our gaming corner, we chat to some of the innovators

Press Releases

Special Reports

Disrupt the corrupt

special reports - 22 Oct 2020

Whistle-blowers should be seen as real heroes in the fight against corruption and we need a change in culture for this to happen

Special Reports

Corporates: A force for good for a sustainable future

special reports - 20 Oct 2020

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Special Reports

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

special reports - 20 Oct 2020

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

Special Reports

The financial decisions made during your life journey, and their impact on your retirement outcome

special reports - 19 Oct 2020

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

Special Reports

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

special reports - 16 Oct 2020

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

Special Reports

Secure your business from cyber threats

special reports - 16 Oct 2020

Many business-grade security systems now have built-in learning systems and AI to help businesses stay up to date with protection

Special Reports

Mental Health

special reports - 16 Oct 2020

During the pandemic there's been a dramatic increase in depression, anxiety and suicides, according to some of the surveys done

Special Reports

Expert financial advice still recommended – especially in uncertain times

special reports - 16 Oct 2020

A financial advisor is an expert who will help you to protect your wealth and make a realistic plan when unexpected events threaten your wellbeing