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D&Q Mining is a high-tech company integrating R&D, production and sales. It provides mature products and solutions such as crushers, sand making, milling equipment, mobile crushing stations, etc., for aggregate, mining and waste recycling.

glencore optimum colliery

Glencore eventually caved in and sold Optimum mine to ...

2019-02-27  Former Glencore chief executive Clinton Ephron, testifying at the state capture inquiry on Wednesday, described three attempts by the Gupta family to buy Optimum

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Glencore

Shane is an Underground Miner at our operations in Sudbury, Ontario and has worked for Glencore since 2014. As a truck driver at the mine, Shane takes responsibility for his own safety and that of his colleagues extremely seriously.

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Glencore subsidiary considers closures at Optimum Coal Mine

Glencore announced today (28 January 2015) that following a detailed review, its subsidiary, Optimum Coal Mines, is considering closing some of its operations in South Africa which would reduce its overall production in South Africa by at least 5 million saleable tonnes per annum (Mtpa).

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Glencore to sell Optimum Coal Mine in South Africa for ...

2015-12-11  Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's business rescue practitioners said on Friday. The Optimum Coal Mine went into business rescue, or protection from creditors, in August after a slide in coal prices meant it was selling coal to power ...

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Eskom: Optimum received R1,8bn prepayment on coal with ...

2020-12-09  In 2012, Cyril Ramaphosa was appointed chairperson and non-executive director of Optimum coal mine. Ramaphosa was the black economic empowerment partner for Glencore International which owned 67.77% in shares. Optimum is South Africa’s sixth-largest coal producer and fourth-largest exporter of the commodity.

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Guptas and Zwane ‘drove Glencore to sell colliery’ at ...

2019-02-28  Outlining the events leading to the virtual collapse of the Optimum colliery, which had supplied Eskom’s Hendrina power plant in Mpumalanga for more than 40 years, former CEO of Glencore Coal

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Glencore refutes Molefe's State capture inquiry testimony

2021-03-03  Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to OCH's coal supply agreement (CSA) with power utility Eskom is "false and baseless".

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There’s a lot of untruth in what Brian Molefe says ...

2021-01-15  President Cyril Ramaphosa has denied claims that his business partnership with commodities company Glencore in 2012 was based on his political influence as an ANC heavyweight. The partnership saw Ramaphosa gaining a stake in Optimum Coal Mine, a Glencore subsidiary at the time, and becoming its chairman. Brian Molefe’s claims against Ramaphosa

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Glencore to sell Optimum Coal Mine in South Africa for ...

2015-12-11  Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's business rescue practitioners said on Friday. The Optimum Coal Mine went into business rescue, or protection from creditors, in August after a slide in coal prices meant it was selling coal to power ...

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Glencore to cut 380 jobs at South Africa’s Optimum Coal mine

Glencore subsidiary Prodeco to hand over mining contracts to Colombia; Most Recent. Commodities. Australian gold miner Gascoyne Resources doubles exploration budget. 05 Feb 2021. Themes; Deals. Most Read. FLSmidth in negotiations to buy mining arm of Thyssenkrupp; Monument Mining to sell Malaysian subsidiary to Fortress Minerals ; Vedanta Resources launches open offer to acquire Indian

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Glencore refutes Molefe's State capture inquiry testimony

2021-03-03  Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to OCH's coal supply agreement (CSA) with power utility Eskom is "false and baseless".

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South Africa lets Glencore resume operations at Optimum ...

2015-08-07  Glencore has placed its Optimum coal mine in the local equivalent of bankruptcy proceedings. South Africa’s mines minister has decided to conditionally withdrew a licence suspension for Glencore ...

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Why did Glencore surrender its Optimum mine to Guptas?

2019-02-27  Johannesburg - A combination of political interference and corporate bullying were the deciding factors in Glencore's surrendering its Optimum Coal Mine to a

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Optimum Coal Mine - Global Energy Monitor

2020-11-16  Records show that the Optimum mine has been operating since at least 2002, when it was recorded as having an annual capacity of 13,100 million tonnes. In 2008, BHP Billiton Energy Coal South Africa Ltd sold Optimum mine to Optimum Coal Holdings Ltd. In 2011, Glencore moved to take a controlling stake in Optimum Holdings.

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There’s a lot of untruth in what Brian Molefe says ...

President Cyril Ramaphosa has denied claims that his business partnership with commodities company Glencore in 2012 was based on his political influence as an ANC heavyweight. The partnership saw Ramaphosa gaining a stake in Optimum Coal Mine, a Glencore subsidiary at the time, and becoming its chairman. Brian Molefe’s claims against Ramaphosa

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Glencore’s Optimum coal now in hands of S. African’s ...

2016-04-14  The Optimum coal mine. (Image from archives) Oakbay Investments, the firm controlled by the Gupta family and South African President Jacob Zuma’s son, completed Thursday the $145 million...

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glencore optimum colliery - perfect-places.co.za

glencore optimum colliery silicone coating machine. Glencore to sell Optimum Coal Mine in South Africa 11 Glencore has provisionally agreed to sell its troubled South African coal mine for 2 15 billion rand 136 million narrowly avoiding closing the operation and saving hundreds of jobs the unit s . Get Price

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How State Capture business was conducted – former Optimum ...

24 November 2015: Eskom calls a Glencore representative to a meeting of the business rescue practitioners of Optimum and a Gupta team comprising Nazeem Howa, Ashu Chawla (the man whose emails became known as #GuptaLeaks) and Ronica Ragavan. Koko, Suzanne Daniels and Edwin Mabelane attend for Eskom.

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Glencore wasn’t forced to sell Optimum mine, Molefe tells ...

2021-03-02  JOHANNESBURG - Former Eskom CEO Brian Molefe said that Glencore was not forced to sell the Optimum coal mine but it did so of its own accord. The former Eskom CEO is back at the state capture...

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Glencore to sell Optimum Coal Mine in South Africa for ...

Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's ...

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Glencore to close Optimum Coal Mine in South Africa ...

Mining giant Glencore has announced that they are to close the Optimum Coal Mine in Mpumalanga. Around 1,500 employees and conPulverizers would be affected by the decision.

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South Africa lets Glencore resume operations at Optimum ...

2015-08-07  Glencore has placed its Optimum coal mine in the local equivalent of bankruptcy proceedings. South Africa’s mines minister has decided to conditionally withdrew a licence suspension for Glencore ...

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Coal processing buildings stand at the Optimum Colliery ...

Coal processing buildings stand at the Optimum Colliery, owned by Glencore Plc, in Middelburg, South Africa, on Wednesday, April 13, 2016. Creditors of Glencore's Optimum Coal mine approved a plan to...

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NUM calls on Glencore to sell its Optimum Coal Mine in ...

2015-08-06  The NUM in Mpumalanga has called on the management of Glencore to sell its Optimum Coal Mine in Hendrina. This would allow the reinstatement of 600 workers that were retrenched in July.

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Business in a time of State Capture: The Glencore story

For seven months, global commodities firm Glencore found itself Gypsumered, stonewalled and punished as it tried to cling to Optimum Coal Mine amid interventions by government officials and Eskom...

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Molefe ‘handed Optimum Coal Mine’ to Guptas, inquiry hears ...

In 2016, the Gupta family’s Tegeta Resources bought Optimum Coal Mine from Glencore for R2.15 billion after Eskom extended a questionable R586 million prepayment for coal. That was exactly the same...

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Optimum may extend Hendrina coal supply - Miningmx

2015-10-30  Optimum is currently supplying coal to Hendrina at a price of around R150/t in terms of a 60 day interim agreement which is due to end on November 4. The cost of producing coal from Optimum is some R400/t and the difference is being funded by colliery owner Glencore while negotiations between the BRPs and Eskom continue.

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Ramaphosa in the spotlight after Molefe suggests claims ...

2021-03-03  Cyril Ramaphosa was Chair of Optimum coal a BEE partner to Glencore via Shanduka in 2012 when Eskom was paying Billions for 'unjustifiable'

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Glencore to sell Optimum Coal Mine in South Africa for ...

2015-12-11  Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's business rescue practitioners said on Friday. The Optimum Coal Mine went into business rescue, or protection from creditors, in August after a slide in coal prices meant it was selling coal to power ...

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Glencore to sell Optimum Coal Mine in South Africa for ...

Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit's business rescue practitioners said on Friday. The Optimum Coal Mine went into business rescue, or protection from creditors, in August after a slide in coal prices meant it was selling coal to power ...

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Glencore to close Optimum Coal Mine in South Africa ...

Mining giant Glencore has announced that they are to close the Optimum Coal Mine in Mpumalanga. Around 1,500 employees and conPulverizers would be affected by the decision.

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South Africa lets Glencore resume operations at Optimum ...

2015-08-07  Glencore has placed its Optimum coal mine in the local equivalent of bankruptcy proceedings. South Africa’s mines minister has decided to conditionally withdrew a licence suspension for Glencore ...

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glencore optimum colliery - perfect-places.co.za

glencore optimum colliery silicone coating machine. Glencore to sell Optimum Coal Mine in South Africa 11 Glencore has provisionally agreed to sell its troubled South African coal mine for 2 15 billion rand 136 million narrowly avoiding closing the operation and saving hundreds of jobs the unit s . Get Price

More

NUM calls on Glencore to sell its Optimum Coal Mine in ...

2015-08-06  The NUM in Mpumalanga has called on the management of Glencore to sell its Optimum Coal Mine in Hendrina. This would allow the reinstatement of 600 workers that were retrenched in July.

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Guptas and Zwane ‘drove Glencore to sell colliery’ at ...

Guptas and Zwane ‘drove Glencore to sell colliery’ at Switzerland meeting🔒. State capture inquiry hears first details of moves by Mosebenzi Zwane and Gupta delegation to wrest Optimum from Glencore. This article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles ...

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Dubai’s DSA leads bid for mines once owned by Guptas, Glencore

2019-09-18  Dubai’s DSA leads bid for mines once owned by Guptas, Glencore Assets include the Optimum coal mine, the Koornfontein colliery and a share in Richards Bay Coal Terminal.

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Brian Molefe: Glencore tainted us as Gupta people becau...

2021-03-02  The commission, however, has heard testimony that Eskom executives pressured Optimum and Glencore leaders to sell the mine to Tegeta and ensure they would fund the Gupta’s purchase of OCM, first ...

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Ex-Eskom CEO’s brutal attack on ... - The African Mirror

2021-01-16  Molefe said Glencore, which bought Optimum coal mine, did so without conducting due diligence and failed to acquaint themselves with how coal supply agreements worked. ‘Instead of conducting due diligence and understanding how the coal supply agreement worked, they sold 9.64% of the shares in the newly acquired company to Mr Cyril Ramaphosa, a political heavyweight, and made

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