British billionaire Daniel McGowan, who is at the centre of acquiring the Gupta family's Optimum Coal Mine (OCM), has threatened to sue Richards Bay Coal Terminal (RBCT) CEO Alan Waller for defamation of character if he does not withdraw "misleading and defamatory utterances" against him and his companies.
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McGowan said the almost unanimous support recognised that any delays in the implementation of the business rescue plan served only to defer employment opportunities and deprive the local mining communities of much-needed sustenance.
Liberty has offered to buy out creditors of the mine, which would amount to hundred of millions of rands, even though the NPA will soon apply to have Optimum’s assets forfeited to the state.