Former Gupta mine makes moves
Optimum was owned by former president Jacob Zuma’s friends, the Guptas.
Source: snl24.com
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Optimum Coal to exit business rescue after six agonising years
The mine will be operated by Liberty Coal, controlled by former Gupta associate Daniel McGowan.
Source: moneyweb.co.za
Optimum Coal Mine High Court ruling welcomed – Liberty Coal - DOCUMENTS
Company will now take ownership of the mine, one of the biggest mines in SA
Source: politicsweb.co.za
NPA strikes forfeiture deal to end Gupta-linked Optimum Coal wars
A cash settlement with former Gupta business associate’s Templar Capital and Liberty Coal has the backing of creditors, labour and business rescuers. A cash settlement with former Gupta business associates Templar Capital and Liberty Coal has the backing of creditors, labour and business rescue...
Source: dailymaverick.co.za
NPA on high alert as business rescue practitioners plot...
The business rescue practitioners of Optimum Coal appear to be pushing full steam ahead with commercial agreements that entrench a debt-to-equity takeover by a former Gupta business partner. This is despite the NPA’s applications for preservation orders relating to the assets pending before t...
Source: dailymaverick.co.za