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S.Africa's Seriti Resources interested in Optimum Coal as ...

Jun 06, 2018 · Optimum has not made clear if its assets are up for sale but Seriti's CEO and shareholder Mike Teke used to own a stake in the company until Glencore bid for it in 2011.

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#StateCapture: Parliament must act now to halt illegal ...

Optimum coal mine under the spotlight. The Portfolio Committee on Public Enterprises will be briefed on the corporate governance of Eskom and on how the optimum coal mine was purchased. Tegeta Exploration and Resources bought Optimum from Glencore in 2016 for R2.15bn in a .

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Optimum to list on JSE | Miningreview

Feb 01, 2010 · Optimum Coal also owns an effective 19.2% interest in Koornfontein Mines in Mpumalanga, which as at 30 June 2009, had a reserve base of 46.5 Mt of run-of-mine coal, of which 30.7 Mt were classified as saleable. In addition, Koornfontein Mines owns a further 1.5 Mt export entitlement at RBCT for its own use.

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S.Africa's Seriti Resources interested in Optimum Coal as ...

Jun 06, 2018 · * Interested in Optimum's coal assets ... wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. ...

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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.

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Brian Molefe blocked Optimum Coal's life-saving Eskom...

Clinton Ephron, the former CEO of Optimum Coal Holdings, the company Glencore was pressured into selling to the Guptas in 2015, told the State Capture Commission on Wednesday that a "binding ...

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Molefe 'handed Optimum Coal Mine' to Guptas, inquiry hears ...

Glencore, which had acquired Optimum Coal Mine from BHP Billiton, was citing a loss of R166.40 per ton on coal supplied to Eskom, or approximately R120 million per month.

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Optimum Coal's CEO Mike Teke - Legacy builder | Leader

If Optimum Coal's CEO Mike Teke had to describe himself in one word it would be "modest", and that is exactly what he is. Success hasn't spoilt him. Parentless and under the care of his grandmother, matriarchal words of wisdom were embedded into his upbringing.

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Eskom's Molefe 'stonewalled' Glencore ex-CEO says - MINING.COM

The Optimum coal mine supplied Eskom Holdings SOC Ltd.'s Hendrina power plant and was placed under a local form of bankruptcy protection known as business rescue while owned by Glencore in ...

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South32 confirms plans to sell SAEC to Seriti, extends ...

Aug 22, 2019 · Teke was formerly the CEO of Optimum Coal Holdings before it was sold to Glencore and then became chairman of Richards Bay Coal Terminal (RBCT). He formed Seriti shortly after leaving RBCT and ending his term as chairman of the Minerals Council South Africa.

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PROFILE: CEO of Seriti Resources Mike Teke

May 10, 2017 · The former Optimum Coal CE wants to use Seriti Resources to create an SA mining champion, and has set his sights on a number of local coal assets There has never been a better time to make acquisitions in SA, says Mike Teke, who leads Seriti Resources' management team buying Anglo's Eskom-tied ther...

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Seriti CEO Teke Keen to Study Bid for Guptas' Optimum Coal ...

Mar 02, 2018 · Seriti Resources Holdings Ltd. would consider purchasing Optimum Coal Mine, which is under administration and linked to the politically connected Gupta family. Optimum -- acquired by .

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Home - Seriti

Mike Teke, CEO of Seriti, comments: "This is an exciting step forward for Seriti, and we look forward to continued engagement with South32 as we work together towards concluding a binding agreement. Should a sale agreement be reached, these assets would become a further important anchor of Seriti's domestically focused coal business.

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Destination of South32's SA thermal coal assets may turn ...

Jun 03, 2019 · Other short-listed bidders from an initial list of over 50, includes Seriti Resources led by former Optimum Coal Holdings CEO, Mike Teke; and a newly formed consortium known as Sibambene Coal which consists of a broad church of black business interests, and bankrolled by Mercuria, the Swiss commodities trader.

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#StateCaptureInquiry: Guptas wanted to purchase Optimum ...

The former CEO of Glencore told the Zondo commission how Gupta owned Oakbay Resources made an offer to buy Optimum coal mine for R2 billion.

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Eskom acting CEO promises 'new culture of accountability ...

Apr 18, 2018 · Hadebe tackled concerns over non-compliance in procurement processes at Eskom. He referred specifically to reports on the suspension of an official implicated in granting of an extension of a contract with Gupta-owned Optimum coal mine. READ: Eskom suspends official over Gupta-owned coal .

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Eskom acting CEO promises 'new culture of accountability ...

Apr 18, 2018 · Hadebe tackled concerns over non-compliance in procurement processes at Eskom. He referred specifically to reports on the suspension of an official implicated in granting of an extension of a contract with Gupta-owned Optimum coal mine. READ: Eskom suspends official over Gupta-owned coal .

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Eskom and the Guptas: Former Glencore CEO in the Zondo hot ...

Former Glencore chief executive officer Clinton Ephron appeared before the Zondo Commission of Inquiry into State Capture on Wednesday, where he detailed Optimum Coal mine's dealings with Eskom.

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Seriti Resources interested in Optimum Coal as it looks to ...

Jun 06, 2018 · South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for ...

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Optimum coal mine - ewn

Ephron was Glencore's CEO when the company sold its Optimum coal mine to Gupta-owned Tegeta. 214 days ago. NUM: 'Optimum Coal workers will not return to work until salaries paid'

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