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.
NPA mum about prosecuting Glencore after US deal iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Global resources giant Glencore issued a statement on Wednesday noting with ‘concern’ the South African fallout from the deals and massive fines it has stitched together to settle scathing findings of criminal conduct. Among other things, it has come out swinging in defence of President Cyr.
Glencore states that Ramaphosa had no interest in the mine following the conclusion of the co-operation agreement and during the period when Optimum Coal Mine and Holdings were negotiating with Eskom regarding potential amendments to the coal supply agreement with Eskom.