Optimal Mining Solutions is a leading coal mining company based in The Gap, Queensland. Contact us for cost effective and efficient mine planning consulting. Speak to us on +61 7 3511 1786. ... Optimal Mining Solutions Pty Ltd is a niche, innovative mine planning and advisory consultancy based in Brisbane, Australia. We help our clients ...
[6] These firms are directly controlled by Optimum Coal Holdings (Pty) Ltd ("Optimum Coal Holdings") and will hereinafter be referred to as the Target Group. Proposed transaction and rationale [7] The proposed transaction involves Tegeta acquiring the shares and claims on loan account held by Optimum Coal Holdings in the seven target firms. [1]
OPTIMUM COAL TERMINAL (PTY) LTD First Respondent (In Business Rescue) JUANITO MARTIN DAMONS N.O. ... Optimum Coal Mine (OCM) and Koornfontein all in business rescue. OCT has as its sole asset 7.8% of the shares in Richards bay Coal Terminal RBCT. The value of the OCT shares is substantial and worth …
Optimum Coal Mine together with Optimum Coal Terminal and the independent Koornfontein Mines, in Mpumalanga are now up for sale within strict parameters as governed by the provisions regulating …
Global Coal Mine Tracker, a project of Global Energy Monitor. The Koornfontein coal mine is an opencast and underground mine near Witbank, in Mpumalanga province, South Africa. The mine was placed on business rescue in February 2018, until it was bought by Black Royalty Minerals in October 2019. Operations at the mine were meant to recommence ...
Overview. Doing Business As: OPTIMUM COAL HOLDINGS. Company Description: Industry: Support Activities for Mining, Nonmetallic Mineral Mining and Quarrying, …
They effectively propose to transfer the entire business of OCM and OCT to Mr McGowan's Liberty Coal (Pty) Ltd and Liberty Energy (Ltd) in a debt for equity …
Optimum was placed into business rescue in February 2018 and various attempts have been made over the past 2.5 years by the business rescue practitioners of OCM to source sufficient post ...
The high court in Pretoria on Wednesday said the National Director of Public Prosecutions had established, at first glance, a case that the Optimum Coal Mine properties bought by a Gupta-owned ...
These included Tegeta Exploration and Resources (Pty) Ltd (in business rescue) (Tegeta) and its three wholly owned subsidiaries, Optimum Coal Mine (Pty) Ltd (OCM), Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) Ltd, of which Mr Klopper, Mr Knoop or both were business rescue practitioners (BRPs).
Optimum Coal Mine (Pty) Ltd Petmin (Pty) Ltd Salungano Group Ltd Mining Holdings (Pty) Ltd Seriti Resources Holdings (Pty) Ltd Thungela Operations …
The Coal Mining Industry in South Africa. Although South African coal production volumes have been decreasing over the past decade, sales have increased, largely due to rising prices. The country was ranked the seventh-largest coal producer and was the fifth-largest exporter by volume in 2021. Low economic growth in South Africa, growing ...
[2] In this case, Company A is the fifth respondent, Tegeta Exploration and Resources (Pty) Ltd (in business rescue) (Tegeta) and Company B is the first respondent, Optimum Coal Terminal (Pty) Ltd (in business rescue) (OCT). The sixth and seventh respondents, Mr Johan Louis Klopper NO and Mr Kurt Robert Knoop NO are Tegeta's …
Optimum Coal Mine (Pty) Ltd, Optimum Coal Terminal (Pty) Ltd and Koornfontein Mines (Pty) Ltd are owned by entities linked to the controversial Gupta family.
"The B-BBEE certificates for Tegeta Exploration and Resources (Pty) and Ltd Optimum Coal Mine (Pty) Ltd were issued by BEE Matrix (Pty) Ltd," said the Commission. The Commission -- which is an entity of the Department of Trade and Industry -- issued its final findings to the parties to the complaint on 12 July 2019 and has noted …
The company's operations are located in the Witbank coalfield region in the Mpumalanga Province of South Africa and include Optimum Collieries, a large opencast and underground mining complex comprised of the Kwagga, Pullenshope, Eikeboom and Boschmanspoort mines, and Koornfontein Mines, in which the company currently has an …
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. for 50 million rand ...
The Optimum Coal Terminal's creditors have voted overwhelmingly in favour of adopting a proposed business rescue plan - a key condition in finalising the sale of the Optimum Coal Mine to Liberty Energy. OCM and OCT, along with a string of other companies linked to the notorious Gupta family, have been in business rescue since 2018.
Its main client was Optimum Coal Mine (Pty) Ltd ("OCM"). A mining contract with OCM was West Dawn's only stated source of income. During February 2018, OCM was placed under business rescue. lt no longer produces any coal and is in the process of being sold. On 14 November 2018, OCM's business rescue practitioners …
Optimum Coal Mine (Pty) Ltd v National Union of Mineworkers (J2625/2014) [2014] ZALCJHB 454 (19 November 2014) Download original files. PDF format. RTF format. REPUBLIC OF SOUTH AFRICA. ... The applicant contends that Koornfontein Mines (Pty) Ltd is a separate colliery. It is common cause that Koornfontein has been in …
KOORNFONTEIN MINES (PTY) LTD Company Profile | PRETORIA, Gauteng, South Africa | Competitors, Financials & Contacts - Dun & Bradstreet ... OPTIMUM COAL HOLDINGS. Company Description: ... Coal Mining Support Activities for Mining Nonmetallic Mineral Mining and Quarrying. Printer Friendly View
The evidence adds to questions about the involvement of a former Gupta business associate who is attempting to buy Optimum coal mine – one of the Guptas' prized assets. ... Ltd and IPC Mining (Pty) Ltd". Centaur, which had previously funded IPC, would now fund an "undisclosed sum" to expand IPC's mining operations at its Nungu …
Dublin, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The . South Africa Coal Mining Industry Report 2023 with Company profiles of Leading Coal and Lignite Mining Companies and Coal Testing Laboratories
Optimum Coal Mine, located at 1 Farm, Rietkuil 491js, Middelburg. Phone 013 297 7... send Email... Think Local
Optimum Coal Mine (Pty) Ltd, Optimum Coal Terminal (Pty) Ltd and Koornfontein Mines (Pty) Ltd are owned by entities linked to the controversial Gupta family. For this reason, all interested parties will be required to provide an affidavit disclosing any past dealings with the Oakbay Group of companies and / or their directors or …
