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Fight over Optimum Coal Mine heats up as RBCT CEO faces defamation lawsuit

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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Cyril Ramaphosa's coal buddies throttle new player

Cyril Ramaphosa's coal buddies throttle new player
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NPA targets Tegeta shares in Optimum Coal Mine in bid to claw back R3.4bn in state capture proceeds

The National Prosecuting Authority is aiming to claw back the proceeds of state capture. ....

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Optimum Coal potential buyer wants to 'buy out' other creditors

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. ....

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Liberty Coal offers to buy out hundreds of Optimum creditors

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. ....

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