Huawei says nine-month revenue up despite US pressure
Business
Optimum coal mine
DA opens case against 3 Gupta firms relating to Eskom contracts
In the party’s sights are Tegeta, Optimum and Trillian following findings by the BBBEE Commission that they were awarded the Eskom contracts after misrepresenting their status or using fraudulent certificates.
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'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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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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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.
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Gupta business rescuers denied access to business premises
Business rescue practitioner Johan Klopper states in an affidavit that he and his colleagues have been refused access to the Gupta business premises.
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NUM: Shutdown continues at Gupta mines despite some salaries being paid
The NUM says operations at another Gupta-owned operation in the province, Koorenfontein mine resumed on Thursday after over 600 permanent employees were paid.
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Mantashe sets June deadline for new Mining Charter
Mineral Resources Minister Gwede Mantashe told Eyewitness News he also wants to see the impasse at Optimum coal mine resolved.
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Optimum, Koornfontein miners set to continue striking over pay
The mines owned by the controversial Gupta family have failed to pay workers, with management citing banking challenges.
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Still no pay for workers at Gupta-owned mines, protests continue
The mines, owned by the controversial Gupta family, have failed to pay workers with management citing banking challenges.
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Another Gupta-owned mine fails to pay employees
Members of the NUM at the Koornfontein coal mine say management promised to pay them on Sunday morning after failing to pay them on Friday but so far no one has received their salary.
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Parly committee expresses concern about Optimum Coal Mine
The committee has called on the Department of Mineral Resources to intervene and assist in ensuring that workers are paid their salaries.
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Optimum Coal mineworkers demand to know who will rescue the mine
The NUM's Goodwill Mthombeni says workers have the right to know who the business rescue practitioner will be.
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Optimum Coal mineworkers ‘devastated’ over unpaid salaries
Optimum Coal says the nonpayment of salaries is due challenges with banks.
