Stay updated with breaking news from Former Glencore. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
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 Glencore's 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 State Capture on Thursday that claims of President Cyril Ramaphosa trying to influence the terms of co...
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