Seriti, through its operating subsidiary, Seriti Coal Pty Ltd, currently operates three largescale, opencast and underground thermal coal mines, the New Vaal, New Denmark and Kriel mines, which it acquired from Anglo American, as well as various life extension coal resources and closed collieries.
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Optimum Coal Mine: striving towards a 'zero effluent' mine J o u r n a l P a p e r The Journal of The Southern African Institute of Mining and Metallurgy VOLUME 112 FEBRUARY 2012 121 Figure 2—Optimus mining .
Optimum has also failed to supply Eskom with coal since March, and as a result the power utility has a serious coal shortage with a number of power plants having less than 10 days of coal left.
[23] The applicant has always submitted that it is independent from Koornfontein Mine and the only connecting factor was that each had the same 100% shareholder, Optimum Coal Holdings (OCH). The applicant pointed out that the secondary strike would have the effect of retarding and disrupting its ability to operate and manage its business.
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. FILE: Protesters at the ...
Former director general in the department of Mineral Resources, Thibedi Ramontja, on Thursday detailed the secrecy that surrounded the acquisition of Optimum coal mine from Glencore, as he gave evidence before the State Capture Inquiry.
In mining, stripping ratio or strip ratio refers to the ratio of the volume of overburden (or waste material) required to be handled in order to extract some tonnage of ore. For example, a 3:1 stripping ratio means that mining one tonne of ore will require mining three tonnes of waste rock.
May 17, 2018· Workers at Optimum coal mine demand payment Thursday 17 May 2018 12:48pm Johannesburg, 27 October 2016 The controversial Gupta family may lose their recently acquired Optimum Coal Mine.
Optimum Coal Mine, Middelburg, Mpumalanga. 109 likes. Local Business
DMR on latest developments on Optimum Coal Mine in Mpumalanga including Shiva Uranium Mine in Northwest and Lily Mine in Mpumalanga Meeting Summary The Department of Mineral Resources presented its findings on the latest developments at the Tegeta mines since its last meeting with the Portfolio Committee.
Project Halo offered to buy Tegeta's Optimum Coal Mine (Pty) Ltd., for a maximum of billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and Optimum Coal Terminal (Pty) Ltd. for 50 million rand, according to the term sheet seen by Bloomberg.
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Search Optimum Coal Mine jobs and careers in South Africa Find employment by browsing our list of Optimum Coal Mine vacancies in South Africa.
Eskom says it is hopeful that matters between Optimum Coal Mine and the power utility can be resolved. This after the Guptaowned mine failed to meet their contractual obligations to supply Eskom with over 400 000 tonnes of coal per month – a move that has resulted in Eskom imposing penalties of .
Dec 01, 2015· Glencore could sell its troubled South African Optimum coal mine. Optimum and Eskom [] are at odds over the price of coal with the utility refusing to pay more than 150 per tonne of the fuel. Optimum says this rate is less than the cost of production. The administrators said Glencore will continue to fund its troubled mine...
Glencore Plc is considering a bid for the Optimum coal operations in SA, which it sold in 2015 to a company partowned by the Gupta family, according to two people familiar with the matter.
Feb 23, 2018· While Optimum coal mine, which supplies Eskom's Hendrina power station is undergoing business rescue, the power utility says it will source coal from other suppliers. In a statement released on Thursday Eskom confirmed the status of the coal mine. "Optimum coal mine .
Optimum Coal Mine situated at Mpumalanga Province, South Africa s looking for hardworking selfmotivated young people to accelerated and boost their careers to become qualified artisans in a learnership programme. Learners will become qualified artisans in the following fields:
Jun 06, 2018· Bidding for Optimum Coal would pit Seriti, which has ambitions to become a blackowned mining champion, with bigger miner Exxaro, which has expressed interest in buying Optimum's coal .
The rumoured sale of just part of the Guptas' Optimum Coal beggars belief Reports that they stand to make on a coal deal have left analysts gobsmacked. Nov 01, 2019
Coal supply unit manager at Eskom, Gert Opperman, told the Zondo Commission of Inquiry into state capture on Friday that coal supply agreements between the power utility and Optimum coal mine were treated with extreme leniency after Tegeta acquired it from Glencore.
The business rescue practitioners (BRPs) for the Optimum coal mine and the Koornfontein mines have put the assets back up for sale. The BRPs, along with major creditors, have set the closing date ...