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Tegeta, Optimum tie-up poses no competition threats – Tribunal

By: Natasha Odendaal The Competition Tribunal conditionally approved the tie-up between Tegeta Exploration and Resources and embattled Optimum Coal as the deal did not present competition concerns. Unpacking the reasons for giving the green light for Oakbay Investments- and Mabengela Investments-controlled Tegeta’s... 

Tegeta eyeing other assets following Optimum takeover

By: Ilan Solomons Junior coal mining company Tegeta Resources and Exploration is an ambitious business and on the lookout for new opportunities to grow the business, Oakbay Investments CE Nazeem Howa tells Mining Weekly. Tegeta is 64% owned by local investment company Mabengela Investments and Oakbay. 

Tegeta-Optimum merger approved with condition

By: News24Wire The Competition Tribunal on Monday approved the controversial merger between the Tegeta Exploration and Resources, whose shareholders include President Jacob Zuma’s son and the Gupta family, and Optimum Coal Mine. Tegeta agreed to buy Optimum for R2.15bn in December 2015 after Glencore had placed... 

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