Eskom advances R578m to Gupta-owned mine after fining previous owners R2bn
Electricity utility Eskom paid R578 million rand in advance for coal supplied by a Gupta family-controlled company to guarantee supplies for a power plant.
Electricity utility Eskom paid R578 million rand in advance for coal supplied by a Gupta family-controlled company to guarantee supplies for a power plant.
The short of it is that Shiva is a worthless asset, that cannot be economically mined, unless the price for uranium is at least $100/lb, says Biznews community member Daniel Sutherland.
The Competition Tribunal on Monday approved the controversial merger between Tegeta Exploration and Resources and Optimum Coal Mine.
Now it’s emerged that Mining Minister Mosebenzi Zwane’s political adviser has a business connection with the Gupta family, who are friends of President Jacob Zuma.
President Zuma’s son Duduzane is the biggest individual shareholder in a group that’s acquiring Glencore’s Optimum colliery, says a person familiar with the shareholding.