Optimum Coal Mining

Optimum Coal Mining

Optimum coal mine

Optimum coal mine managers accused of mismanaging funds It’s understood service providers and third parties have also not been paid, leaving workers destitute. 503 days ago

Optimum coal mine - stone Mackenzie

Sep 16, 2019 · Optimum is a large complex located in the Witbank Coalfield, incorporating both surface and underground mining areas. The mine area covers the Pullenshope 155 IS and Optimum 480 IS farms. The complex is made up of five distinct mining areas: the Kwagga, Kwagga North, Pullenshope and Eikeboom surface pits, and the Boschmanspoort underground mine.

Battle for Optimum Coal | Fin24

Mar 18, 2018 · The IDC told City Press that this was a “standard letter” and that its response would have to be re-evaluated now that the mine is in business rescue. Direko had also contacted UK-based trader Tormond to organise forward sales of Optimum coal reserves, court papers show.

Optimum and Koornfontein coal mines up for grabs - Miningmx

May 23, 2019 · Optimum Coal Mine’s assets includes an open cast strip and underground sections, eight draglines, two processing plants, a railway siding, a rapid load-out facility and a 15 mega litres-per-day water reclamation plant. Operations can extend well beyond 2030.

State-owned mining company secures option to acquire ...

Optimum stopped supplying Eskom with coal nearly a year ago because it was being offered about R200 a ton, well below the market average, on the grounds that it was unable to make a profit at this ...

Guptas Optimum Coal Risks Suspension as Workers Protest ...

Feb 20, 2018 · Guptas Optimum Coal Risks Suspension as Workers Protest. South Africa’s Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site’s social and labor plan. Workers protested Wednesday over the uncertainty at the operations. The Department of Mineral Resources conducted an...

Optimum Mining

Optimum Mining OM is an experienced mineral and natural resource exploration and mining firm that will sell gold and precious metals in the open market. OM will acquire mining exploration rights in Ghana West Africa, and establish joint venture partnerships that will create an efficient business model with maximum return while employing local residents and creating jobs.

Optimum Coal Mine Middelburg | Phone 013 297 7... | Email ...

Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7... send Email... Think Local

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Optimum Coal Mine | Mining News

Optimum Coal Mine Eskom considering Optimum Coal Mine proposal Eskom says it is currently considering Optimum Coal Mine’s business rescue practitioners’ proposal to reduce the monthly coal supply tonnage to the Hendrina power station from 400 000 to 200 000 tonnage.

Optimum Coal bidder AEMFC to be shifted out of DMRE in ...

Sep 17, 2019 · Optimum Coal and its sister mine, Koornfontein, is currently the subject of a second round of bidding. According to IHS Markit, the winner for the 3.5 million tons per year Koornfontein is expected to be announced by the end of September, and the new owner of the troubled 10 mt/y Optimum a few weeks later.

OPTIMUM COAL MINE OF SOUTH AFRICA - YouTube

Dec 18, 2016 · Optimum coal mine has a vital role of supplying coal to Eskom and has valuable source to provide electricity to a big part of South Africa. Here is the video showing what this coal mine is all...

Optimum Colliery, South Africa

Brief history: Optimum Colliery was awarded a contract in 1968 to provide coal for the Hendrina power station. The mine began as an underground operation and produced its first coal in 1970.

Optimum coal mine in business rescue | IOL Business Report

Optimum coal mine in business rescue. The mine supplies coal to Eskom. In a live interview with eNCA on Wednesday, Eskom spokesperson Khulu Phasiwe said the mine, "only supplied the power utility with about 5% of its total coal supply, at R150 per ton. Phasiwe said he was unaware of reports that the mine had already been sold, saying,...

Guptas South African mining assets attract $215m bid ...

Dec 12, 2018 · Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and Optimum Coal Terminal (Pty) Ltd. …

Tegeta Exploration and Resources (Pty) Ltd v Optimum Coal ...

Apr 12, 2016 · [5] OCM operates a large opencast and underground coal mining complex referred to as Optimum Collieries which supplies the domestic market as well as minimal exports supplied through the Richards Bay Coal Terminal. Koornfontein is an underground mining operation located in Witbank.

Optimum Coal | LinkedIn

Learn about working at Optimum Coal. Join LinkedIn today for free. See who you know at Optimum Coal, leverage your professional network, and get hired.

S.Africas Seriti Resources interested in Optimum Coal as ...

Jun 06, 2018 · Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger miner Exxaro, which has expressed interest in …

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