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Ditched workers want jobs back as new owner takes over besieged Optimum Coal Mine

Ditched workers want jobs back as new owner takes over besieged Optimum Coal Mine
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Richards bayKwazulu natalSouth africaSipho nkambuleNational union of mineworkersGupta owned optimum coal mineLiberty coalNational union

Exclusive: Industrial Development Corporation s Gupta-deal poser

Suspicion over source of funds causes the IDC to dig in its heels over R300-million payment offer from Oakbay Resources, even though lawyers are adamant the cash is kosher and not the proceeds of crime.

New yorkUnited statesSouth africaFree stateSouth africanJacob zumaSalim essaRajesh guptaIndustrial development corporationDepartment of justiceAfrican revenue serviceNational prosecuting authorityFinancial intelligence centre act ficaMckinsey coShiva uraniumState capture

Optimum Coal Mine dismisses illegal mining allegations by DA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events Africa s news leader

The Democratic Alliance in Mpumalanga alleges that illegal mining activities are taking place at the Gupta-owned Optimum Coal Mine in Hendrina.

South africaKwazulu natalJane sitholeHoward pyoosMinerals council of south africaDemocratic allianceGupta owned optimum coal mineMinerals councilOptimum coal mineGeneral manager

Curator of Gupta-linked Optimum say contractors are making all of the profit

The curator of the former Gupta-owned Optimum Coal Mine has highlighted his unease over mining taking place on the property, which is proving highly profitable for contractors while Optimum receives a relative pittance in royalties.

South africaGauteng high courtGupta owned optimum coal mineNorth gauteng high courtMetis strategic advisors

Tegeta acquired Optimum Coal Mine through succession

The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT). The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Opti.

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