Details of coal mines; major and junior with >3Mtpa in each Coalfield • Name of Colliery and Holding Company; • Detailed loion (coordinates) and farms comprising each coal mine; • Main shareholders of each coal mine; • Status of each coal mine (in production/ greenfield or exploration stage);
· Investment firm Templar Capital, an independent creditor in the Optimum coal mine, has, in conjunction with the Optimum business rescue practitioners (BRPs) and other significant creditors ...
· Optimum coal mine has also been taken to court by another mining company, Derko Mining and Exploration, in an effort to have the mine liquidated. The company owes service providers over R60 million. The mine could also be shut down over its failure to operate a community water desalination plant, which is a requirement for its mining licence, in line with a requirement for mining .
· Background Optimum Coal Holdings was the parent company of Optimum Coal Mine, Koornfontein Mine and Optimum Coal Terminal. The Group supplied coal to 3 of Eskom's strategic powerplants, and as a result the matter had national significance. On the 4th of August 2015, the board of directors and management resolved to place both the companies in Business Rescue.
· The Gupta family allegedly made three offers to purchase Optimum coal mine from Glencore before the multinational mining magnate caved under pressure from Eskom and the department of mineral ...
Optimum bunker size and loion in underground coal mine conveyor systems. Suresh C. Baral 1, Carlos Daganzo 2 Michael Hood 1 International Journal of Mining and Geological Engineering volume 5, pages 391–404 (1987)Cite this article
Optimum Coal Mine is a multiproduct mine with a contract to supply Hendrina Power Station with coal until 2018. Optimum Coal Mine also exports a significant quantity of coal. Optimum Coal Mine lies in the upper reaches of the Middelburg Dam Catchment. The dam has a maximum waterholding capacity of 48 Mm . 3. It receives runoff from the Klein Olifants Catchment with a total drainage area of ...
· On 9 March, Kruger and Co Attorney's decided to launch a court appliion on behalf of the National Union of Mineworkers to set aside the resolution taken by the directors of Optimum coal mine and to remove the business rescue practitioners who were appointed to administer Optimum's business rescue proceedings.
· Optimum Coal Mine together with Optimum Coal Terminal and the independent Koornfontein Mines, in Mpumalanga are now up for sale within strict parameters as governed by the provisions regulating entities under Business Rescue. These companies commenced business rescue proceedings in February 2018. The structured sales process has a closing date set as June 18th .
Optimum Coal Mine. Phila Mzamo | May 1, 2018. Eskom considering Optimum Coal Mine proposal. Eskom says it is currently considering Optimum Coal Mine's business rescue practitioners' proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage.
· OPTIMUM COLLIERY VACANCIES. OPTIMUM COLLIERY VACANCIES MINE IS BASED IN MPUMALANGA HAVE NEW CONSTRUCTION NEEDED WORKERS AS FOLLOWING Search Optimum Coal Mine jobs and careers in Mpumalanga – Find employment by browsing our list of Optimum Coal Mine vacancies in Mpumalanga. As part of youth development and capacitation, De .
· The Gupta purchase of Optimum Coal Mine was funded by the proceeds of crime and the money flows traced provide scope for the Asset Forfeiture Unit to seize one of the family's most significant assets remaining in South Africa. The Gupta family's acquisition of Optimum Coal Mine was funded by the proceeds of crime, the State Capture Commission was told on Friday. Paul Holden of .
Optimum Coal Mine. Phila Mzamo | May 1, 2018. Eskom considering Optimum Coal Mine proposal. Eskom says it is currently considering Optimum Coal Mine's business rescue practitioners' proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage. In its statement on Monday, Eskom said it... Read More. Phila Mzamo | Mar 7, 2018. Mantashe ...
· Brief history: Optimum Colliery was awarded a contract in 1968 to provide coal for the Hendrina power station. The mine began as an underground operation and .
· When the mine opened, it was primarily an underground mine with at least two pits, Gloria and Blinkpan. Ownership of the mine changed many times throughout the years. In 1999, it was owned and operated by the Ingwe Coal Corporation. By 2010, Optimum Holdings had bought a majority stake in the Koornfontein Mines from Sentula Mining.
· The Gupta purchase of Optimum Coal Mine was funded by the proceeds of crime and the money flows traced provide scope for the Asset Forfeiture Unit .
South African Heritage Resources Agency (SAHRA) Head Office 111 Harrington Street CAPE TOWN 8001 PO Box 4637 Cape Town, 8000 Tel 021 462 4502/Fax 021 462 4509
OPTIMUM COAL MINE (PTY) LTD is loed in GAUTENG, South Africa and is part of the Nonmetallic Mineral Mining and Quarrying Industry. OPTIMUM COAL MINE (PTY) LTD has 500 total employees across all of its loions and generates million in sales (USD). (Sales figure is modelled). There are 3 companies in the OPTIMUM COAL MINE (PTY) LTD corporate family. Industry. Nonmetallic .
· Optimum Coal is the sixth largest producer of thermal coal in South Africa based on 2009 coal production and South Africa's fourth largest exporter of thermal coal based on 2009 coal exports. The company's operations are loed in the Witbank coalfield region in the Mpumalanga Province of South Africa and include Optimum Collieries, a large opencast and underground mining complex ...
· CAPE TOWN Business rescue practitioner Piers Marsden has explained how and why Optimum coal mine was purchased by the Gupta family in a .
· Optimum Coal in trouble again. It must feel like déjà vu for embattled South African miner Optimum Coal, which has been put into business rescue proceedings for a second time. Optimum coal mine ...
OPTIMUM COAL MINE (PTY) LTD is loed in GAUTENG, South Africa and is part of the Nonmetallic Mineral Mining and Quarrying Industry. OPTIMUM COAL MINE (PTY) LTD has 500 total employees across all of its loions and generates million in sales (USD).
· Optimum is a large complex loed in the Witbank Coalfield, incorporating both surface and underground mining areas. The mine area covers the Pullenshope 155 IS and Optimum 480 IS farms. The complex is made up of five distinct mining areas: the Kwagga, Kwagga North, Pullenshope and Eikeboom surface pits, and the Boschmanspoort underground mine. Optimum supplies thermal .
· Once a national asset, the embattled Optimum Coal Mine is still on an arduous journey to revival — despite being in business rescue, along with several other Guptalinked entities, since ...
· Glencore had put the Optimum Coal Mine (OCM) – one of the three entities in OCH – into business rescue. Eskom, as OCM's only customer, had stated that it would only approve a change in OCM's ownership if the new owner agreed to pay the R2 billion penalty debt owed to Eskom because the mine had provided the power supplier with substandard coal. Eskom would also only permit the sale .
