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Optimum coal mine
'Very difficult to push back' on Eskom instructions, commission told
Eskom official Snehel Nagar says that he would have been charged with insubordination had he challenged the instruction from his bosses to make the pre-payment to Tegeta.
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Tegeta pre-payment against Eskom procurement processes, inquiry hears
Eskom official Snehal Nagar says Bhana Naidoo simply gave an instruction for the payment without giving details, adding that Eskom didn’t budget for the dodgy transaction.
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WATCH LIVE: Eskom payments to Tegeta scrutinised at Zondo Commission
The Zondo commission of inquiry into state capture is hearing testimony from Eskom officials Snehal Nagar and Gert Opperman on the “unlawful” prepayment Eskom made to Gupta owned Tegeta to buy Optimum coal mine.
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Gupta-owned Optimum Coal manages to raise funds to pay workers
Workers were last paid back in October with mining operations coming to an end in December.
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Workers at Gupta-owned mines could receive payment soon
Workers at Optimum and Koornfontein coal mines last received a payment in October, with mining operations coming to an end in December.
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Ex-Glencore CEO lifts lid on Eskom tactics to force Optimum out of business
Clinton Ephron took the stand at the state capture inquiry on Wednesday and testified that Brian Molefe simply refused to negotiate a new contractual agreement with the mining company without giving reasons.
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'Eskom & Brian Molefe strong-armed Glencore on coal contract,' inquiry hears
This emerged from testimony by former Glencore CEO Clinton Ephron, who is on the stand at the Zondo commission of inquiry into state capture.
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Zondo Commission hears details of Glencore, Eskom relationship
Clinton Ephron's testimony comes a day after the inquiry heard evidence on Eskom’s coal supply agreements with Gupta-owned company Tegeta.
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WATCH LIVE: Zondo Commission hears details of Tegeta's Optimum acquisition
The state capture commission resumes with testimony from former Glencore CEO Clinton Ephron.
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Former Glencore CEO Clinton Ephron to appear at Zondo Commission
Ephron was Glencore’s CEO when the company sold its Optimum coal mine to Gupta-owned Tegeta.
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NUM: 'Optimum Coal workers will not return to work until salaries paid'
It’s understood the Optimum employees have not been paid their November salaries which were due last week, and the contract workers are now two months behind.
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Optimum Coal mine workers protest over unpaid wages
The mine has failed to pay workers for several months since it was placed under business rescue earlier this year.
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Eskom to blame for coal shortage problem - board chairperson
Parliament heard yesterday that stockpiles at nine of its 15 stations are below the required levels and are standing at less than a month's supply.
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[WATCH] Ripped off, used & abandoned by the Guptas
Despite assurances by management that all workers at the Gupta-linked Optimum Mine have been paid, some employees have told EWN that this is not the case. Martin Lubisi talks about their plight.
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NUM confirms temporary deal struck at Optimum mine
The Gupta-owned mine paid workers 50% of their salaries on Thursday and promised to settle the balance sometime next week.
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Optimum coal mine managers accused of mismanaging funds
It’s understood service providers and third parties have also not been paid, leaving workers destitute.
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Fresh protest erupts at Optimum coal mine over unpaid salaries
Earlier this year, employees demonstrated outside the mine, demanding clarity from mine bosses on the company's financial status.
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Gupta mines’ R1.7bn rehabilitation funds case settled
It was agreed that the funds be invested at a competitive and market-related interest rate.
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Eskom in talks with Optimum's business rescue practitioners over coal supply
Optimum is now asking the power utility to reduce its monthly coal supply tonnage from 400,000 tons to 200,000 tons for the remainder of its contract.
