Eskom helped fund the Guptas to buy Optimum mine

Die Vryburger

Eskom helped fund the Guptas to buy Optimum mine
Eskom helped funding the Guptas to buy Optimum mine. Photo: Die Vryburger

The Guptas were helped to buy the Optimum mine through a pre-payment of R659m by Eskom, said Glencore’s former head Clinton Ephron.

Eskom’s fingers were further in the negotiations by fining Optimum Coal with R2.1bn for so-called low grade coal supply. This forced Optimum Coal to go into business rescue. The rumors are that Eskom has not charged any fines against Tegeta’s Brakfontein mine for their low grade coal supply.

Ngoako Ramatlhodi was dismissed as Minister of Mining and replaced the Gupta candidate Mosebenzi Zwane.

Photo – Mosebenzi Zwane.

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