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May 25, 2022
Two Gupta family associates and a former senior government official have been arrested for allegedly laundering R107.5m meant to rehabilitate the Optimum coal mine in Mpumalanga.
May 2, 2022
Substantial moneys were misappropriated from the state power utility for the notorious family.
June 11, 2021
Former Glencore CEO Clinton Ephron said the company's Optimum Coal Mine was in dire straits when it entered business rescue while supplying coal to Eskom power stations.
June 10, 2021
10 June 2021 - 11:40 Glencore fell out with Eskom when it sought to have the coal price increased threefold in 2015. Stock photo. Image: 123RF/adam88x Former CEO at Optimum Coal Holdings, the holding company of Optimum Coal Mine — an erstwhile coal supplier at Eskom — Clinton Ephron, on Thursday dismissed allegations that Glencore used President Cyril Ramaphosa to strong-arm Eskom over an increase of the coal price. Ephron is appearing at the state capture inquiry to r...
June 10, 2021
The state capture inquiry resumes today with evidence from former Glencore CEO Clinto Ephron.
June 10, 2021
The state capture inquiry is hearing Eskom-related evidence from former Glencore CEO Clinton Ephron on Thursday.
June 10, 2021
Gallo Images Former Glencore CEO Clinton Ephron denied evoking the name of President Cyril Ramaphosa to apply pressure on Eskom to change a coal supply deal in Glencores favour. Ephron acknowledged that when Glencore acquired Optimum Coal Holdings, it did not do a thorough due diligence on contracts. He also denied claims that Glencore evoked the hardship clause to strong-arm Eskom into a more favourable deal. Former Glencore CEO Clinton Ephron told the Judicial Commission of Inquiry into Sta...
June 10, 2021
It was preposterous to imagine Glencore banked on Ramaphosa to help Eskom bow to its coal-price hike demands, Clinton Ephron told the Zondo commission
June 9, 2021
The state capture inquiry is expected to hear Eskom related evidence from former Glencore CEO Clinton Ephron on Thursday.
June 9, 2021
The Judicial Commission of Inquiry into Allegations of State Capture chaired by Raymond Zondo will resume hearings on Thursday, 9 June.