Glencore Optimum Colliery

Macquarie Coal

Glencore Coal is committed to returning mine sites to self-sustaining native ecosystems, agricultural use or other suitable purposes that meet requirements set down by government. ... West Wallsend Colliery and Westside Mine are located in the Lake Macquarie region of New South Wales. Along with Macquarie Coal Preparation Plant (MCCP) and ...

Optimum Coal's relaunch halted by dispute over Richards

This week's planned relaunch of Optimum Coal under new owner Liberty Coal after six years in business rescue has been put on hold pending resolution of a dispute over its export entitlement ...

Glasenberg retires after 19 years at helm of Glencore

Under Glasenberg's watch Glencore surrendered its Optimum Colliery to Gupta-linked Tegeta Resources and Exploration following political interference and corporate bullying.

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Pullenshope ( Optimum ) Kwagga ( Optimum ) Graspan ( Shanduka Coal / Glencore ) Townlands Colliery (Shanduka Coal / Glencore ) Goedgevonden ( Glencore ) Wonderfontein ( Shanduka Coal ) Nkomati Nickel ( ARM / Moolmans ) Tselentis Colliery ( Msobo Coal) Overlooked Colliery; Khutala Colliery ( South 32 / Aveng Moolmans )

Zuma's son 'the top shareholder' in firm that bought Optimum

Johannesburg - President Jacob Zuma's son Duduzane is the biggest individual shareholder in a group that's acquiring Glencore's [JSE:GLN] Optimum colliery, a person familiar with the shareholding said. The group includes the Gupta family, whose links with the Zuma family have been criticised by opposition parties.

Glencore announces $1 billion acquisition of …

Glencore International plc (LON:GLEN), seeking access to the growing coal market in India and China, announced on Thursday an estimated $1 billion plan to acquire Optimum Coal Holdings (JNB:OPT ...

Coal processing buildings stand at the Optimum Colliery, …

Coal processing buildings stand at the Optimum Colliery, owned by Glencore Plc, in Middelburg, South Africa, on Wednesday, April 13, 2016. Creditors of Glencore's Optimum Coal mine approved a plan to... Get premium, high resolution news photos at Getty Images

Glencore to sell Optimum Coal Mine in South Africa for …

Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand (£90.1 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit ...

Baal Bone Colliery

Baal Bone Colliery closed as a mining operation in 2011 and played an important role for Glencore Coal as an employee training facility from 2012 to 2018. Since 2019, a mine closure phase has been underway to rehabilitate and decommission infrastructure. ... Glencore continues to engage with the communities of the Lithgow Local Government area.

Corrie Van der Walt

Glencore Coal - Optimum Coal Mine Jul 2015 - Present 9 years. Kwagga Document Control Month-End-Stats Legal Appointments Admin Liaising with HOD's and Contractor Owner (261), ... Optimum Colliery Jul 2003 - Jan 2005 1 year 7 months. Pullenshope Data capturing WIO capturing in database Red Card capturing Incident capturing ...

How world sees SA: Guptas pulled levers of State to grab Glencore's Optimum

Last August, Glencore initiated so-called business rescue proceedings at Optimum Coal, because the unit was suffering "financial hardship" due to the terms of its coal supply contract with Eskom. Shortly afterwards, the department of mineral resources briefly suspended Optimum Coal's operating licence for what it described as the ...

Out of work former Gupta-owned Optimum Mine …

Hundreds of National Union of Mineworkers (Num) and members of Mpumalanga Action Movement (a community-based organisation) marched to the Glencore, Seriti and Thungela offices in on on Friday, protesting …

One company. Three deals. So many questions. | Business

Optimum Colliery, in Mpumalanga, supplied coal to Hendrina power station as well as export markets. It produced 11.6m tons and employed 1?070 employees and 1?397 contractors. ... or if it provided any funding for Optimum during Glencore's ownership, which was challenging and loss-making. Optimum continued to be held to BHP's original 1993 ...

Zwane, Koko 'planned Optimum's takeover'

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.

Glencore's sale of Optimum Coal Mine was meant …

An entrance to the Optimum Kwagga coal mine owned by Glencore is seen near Hendrina in Mpumalanga province, in this September 8, 2015 file photo. REUTERS/Siphiwe Sibeko/Files.

Glencore announces expression of interest for Optimum …

1 September 2011. Glencore International plc ("Glencore") today announces its expression of interest in acquiring a controlling interest in Optimum Coal Holdings Limited ("Optimum", …

NUM marches against Glencore | IndustriALL

When Glencore took over the Xstrata and Optimum operations in South Africa, the company committed to not retrench workers. IndustriALL affiliate the National Union of Mineworkers (NUM) in South Africa is outraged that Glencore now has announced the closure of the Optimum colliery in Mpumalanga.

Optimum Colliery tanks due to mismanagement

Optimum Colliery tanks due to mismanagement. 1/1. Share. Supplied - DA Media Office ... Optimum was leveraged out of Glencore's hands by failing ANC officials straight into the hands of the Guptas' Tegeta. Because of poor management, the mine which has been operating since 2002, was forced to shut down in 2018 and over 1000 employees and ...

Eskom-Tegeta deal in best interests of SA

The Eskom-Tegeta deal was concluded on the basis of achieving the best value for South Africa, writes Matshela Koko.

Umcebo Mining – Phembani

Shanduka, together with Glencore, acquired a controlling interest in Umcebo Mining as a project in 2010 in a continuation of the coal sector partnership between the two entities. The Wonderfontein Colliery was successfully commissioned as a fully operational open cast mine, together with a wash plant in October 2014. ...

Optimum may return to Glencore

Glencore, the world's biggest commodity trader and miner, which sold the colliery to Tegeta Resources owned by the Gupta family, in 2015, looks set to bid along with its black empowerment partner ...

Optimum Coal commences business rescue proceedings, …

Glencore announces that the directors of its subsidiaries, Optimum Coal Holdings and Optimum Coal Mine (Optimum), have resolved to commence business rescue proceedings and place …

Glencore-owned BC coal operation fined for spills

Glencore purchased Teck Resources earlier this year in a bid to stock up on critical mineral metal mining operations, but since then it has decided to continue the lucrative coal …

Glencore to sell Optimum Coal Mine in South Africa for $136m

Anglo-Swiss miner Glencore has provisionally agreed to sell its optimum coal mine in South Africa to Tegeta Exploration and Resources for $136m. The deal will save the …

South Africa lets Glencore resume operations at …

The company, one of the biggest exporters of South African coal, announced in July it would cut 380 jobs at Optimum and shut part of the mine as coal prices slumped 32% since the start of 2014.

Glencore's Eskom deal: It's time to connect the dots

The entrance to the Optimum Colliery when owned by Glencore in Middelburg, Mpumalanga. Picture: Bloomberg ... Glencore is a global commodities trader that has a preponderance to conduct its ...

Jan Nel

Mining ★ Mine, Operations and General Management ★ Production and Business Process Improvements ★ Business Acumen ★ Production Systems Management ★ Project Management and Planning ★ · A highly accomplished mining operations professional offers a stellar career track record of success in managing mine operations to achieve and exceed optimum …