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11/12/2022 · Proceeds from the planned sale of Optimum to South Africa's Tegeta Exploration and Resources will be used to pay down part of Optimum's billion rand debt and Glencore will pay the balance, the practitioners said in a statement. The sale saved 500 jobs that were potentially going to be cut with the closure of the mine.
Learn MoreZuma Son Said To Be Top Shareholder In Firm Buying Optimum . south african president jacob zumas son duduzane is the biggest individual shareholder in a group thats acquiring glencore plcs optimum colliery, a person familiar with the shareholding said. the group includes the gupta family, whose links with the zuma family have been criticized by opposition parties. tegeta
Learn MoreOptimum Colliery is owned and operated by BHP Billiton Energy Coal South Africa. Producing 13M tonnes of coal per year, Optimum Colliery is a major export driven mine, shipping its product by sea to global markets via the Richards Bay Coal Terminal. The colliery also supplies lower grade thermal coal to feed Eskom power stations in the region.
Learn More07/09/2022 · [img:Glencore%|Optimum Collieries â€' Optimum Coal's large opencast & underground mining complex comprising four coal production areas]Baar, Switzerland --- --- 07 September 2022 - Glencore International plc â€' the world's largest publicly traded commodities supplier â€' has raised its stake in South African coal producer
Learn MoreGlencore And Optimum Is The Government Playing Dare. Aug 07, 2022 The DMRs action came several days after news that Glencore was putting the loss-making Optimum Colliery into business rescue as half its coal output was accounted for by an uneconomic contract
Learn MoreStoring qualifications for the future. The Isa Distribution Centre (IDC) welcomes new expertise with the team's completion of a Certificate III in Warehousing Operations. Behind the scenes of Glencore's Mount Isa Mines is our supply team, headquartered at the Isa Distribution Centre (IDC). The role of supply is vital to the smooth running
Learn MorePROXA specialises in advanced water treatment and with more than 20 years' experience, we have extensive know-how in designing state-of-the-art water treatment systems. Our access to world-class technology and engineering specialists enables PROXA to design and construct highly effective water treatment systems, and provide you with hands-off, hassle free
Learn More13/02/2022 · GLENCORE is expected to pursue its $ billion takeover offer of South Africa's Optimum Coal as it seeks to maximise marketing opportunities offered by blending
Learn More10/09/2022 · FUNKEY LOCOMOTIVE (COMPRESSOR MISSING) 31679 KM, 8606 HOURS, ENGINE NUMBER: 6A252484, 1067-8040 (LOCATION: GLENCORE COAL OPTIMUM MINE, WITBANK)AJAX LOCOMOTIVE (COMPRESSOR MISSING) WITH 3406 ENGINE,56204 HOURS (LOCATION: GLENCOR OPTIMUM MINE, WITBANK) Please click here for Viewing
Learn More01/04/2022 · Business rescue practitioners may not yet have executed a business plan for Optimum Coal but the race by potential buyers of the Gupta-owned colliery has begun, with its one-time owner, Glencore
Learn MoreMpumalanga (South Africa) Distance Chart (Distance Table): For your quick reference, below is a Distance Chart or Distance Table of distances between some of the major cities in Mpumalanga (South Africa). [Note: The distance between cities in Mpumalanga (South Africa) distance chart below is straight line distance (may be called as flying or air distance)
Learn More30/04/2022 · Records show that the Optimum mine has been operating since at least 2022, when it was recorded as having an annual capacity of 13,100 million tonnes. In 2022, BHP Billiton Energy Coal South Africa Ltd sold Optimum mine to Optimum Coal Holdings Ltd. In 2022, Glencore moved to take a controlling stake in Optimum Holdings.
Learn More29/08/2022 · Electronic Blasting at Optimum Colliery Johannesburg, South Africa — — 29 August 2022 – Optimum Coal Holdings Limited "' the South African thermal coal exporter that has reportedly become a Glencore International plc takeover target "' says it has also received approaches from other companies. "Optimum has received
Learn More01/09/2022 · The purchase would give Glencore access to "two high quality mining assets: Optimum Collieries and Koornfontein Mines" and "8 million tons of coal export entitlements from Richards Bay Coal Terminal", Glencore said.
Learn More23/02/2022 · Bloomberg News reports that the National Union of Mineworkers (NUM) has demanded that global miner and commodities trader Glencore Plc reverse plans to close any operations at its Optimum colliery, saying the company should instead sell its mining license "to potential and willing buyers".. Workers marched on Saturday to offices of the mine in
Learn More01/09/2022 · * Glencore's biggest target since its listing * Asian giants hungry for coal (Adds Glencore won't touch Optimum marketing deals, adds 60-day offer to shareholders)
Learn MoreGlencore's Optimum Coal. Mpinane Senkhane | Aug 12, 2022. Eskom's coal woes. Amid a dispute with Glencore's tied Optimum colliery, which supplies the Hendrina power station, power utility Eskom is pursuing a penalty claim of R2-billion from Optimum, owing to breaches of contract. Eskom acting CEO Brian Molefe said on
Learn MoreAcum 2 zile · Glencore's management is led by Gary Nagle, supported by our Chief Financial Officer Steven Kalmin, Head of Industrial Assets, Peter Freyberg, General Counsel, Shaun Teichner, and the rest of the management team. Marketing - Heads of marketing report to Gary Nagle. Zinc and copper. Jyothish George (metals) Nick Popovic (concentrates)
Learn More16/03/2022 · Building a mine for the future. In Canada, we're establishing a full #ElectricVehicle fleet for our new Onaping Depth mine. This will help reduce its emissions by 7,500 tonnes of CO2 per year, a reduction of around 45% compared to a similar mine with diesel-powered vehicles.
Learn More02/03/2022 · Eskom's new black-owned supplier, Seriti Resources, has finalised a cash purchase of three collieries from Anglo American and is keen to get its hands on the Guptas' embattled Optimum mine. Mike Teke, Seriti's CEO, was the head of JSE-listed Optimum before it was bought by Glencore.
Learn More28/02/2022 · 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 SA
Learn More28/01/2022 · Glencore gaan Optimum, een van Suid-Afrika se grootste steenkoolmyne, met die helfte verklein en sowat 1 070 werkers by die myn se poste afskaf. Dit maak Optimum, wat sowat 10 miljoen ton steenkool per jaar produseer, die eerste slagoffer van die wêreldwye insinking in die steenkoolprys oor die afgelope 12 maande.
Learn More15/03/2022 · The former director-general of the department of mineral resources says he unwittingly played a role in the takeover of Eskom coal supplier Optimum colliery by the Gupta family, outmuscling Glencore.
Learn MoreCoal processing buildings stand at the Optimum Colliery, owned by Glencore Plc, in Middelburg, South Africa, on Wednesday, April 13, 2022. Creditors of Glencore's Optimum Coal mine approved a plan to sell it to a company controlled by South African President Jacob Zuma's son and the Gupta family on Friday, according to an administrator of the business-rescue team.
Learn More02/09/2022 · Optimum operates South Africa's third-largest opencast mine, bought from BHP Billiton in June 2022, and has an allocation to ship million tons of coal a year through the Richards Bay coal terminal. Its Koornfontein and Optimum collieries are in Mpumalanga, where Glencore's Shanduka Coal unit operates five mines.
Learn MoreBaal Bone Colliery is managed by The Wallerawang Collieries Pty Ltd, which is 95% owned by Oakbridge and 5% by Sumitomo Corporation. Oakbridge is 78% owned by Glencore. History. Established in 1983, Baal Bone Colliery operated as an underground and open cut mine at the site of the old Ben Bullen open cut mine, which was abandoned in 1952.
Learn More30/04/2022 · Background. The Tweefontein mine began operating "at the turn of the last century." The operation, which is owned by Glencore, has two sites within it, Tweefontein North and Tweefontein In 2022, the Tweefontein Optimization Project was undertaken, which "delivered a low-cost, long-life brownfield expansion that elevated Tweefontein into a modern,
Learn Moreglencore optimum colliery Glencore Weighs Buying Back Gupta-Linked Coal Mine Bloomberg — South African President Jacob Zuma s son Duduzane is the biggest individual shareholder in a group that s acquiring Glencore Plc s Optimum colliery a person familiar with the shareholding said The group includes the Gupta family whose links
Learn More10/02/2022 · GLENCORE is expected to pursue its $ billion takeover offer of South Africa's Optimum Coal as it seeks to maximise marketing opportunities offered by blending
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