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Mining Minister says Glencore has alternatives to retrenchment 

By: Megan van Wyngaardt Mineral Resources Minister Ngoako Ramatlhodi says international mining giant Glencore should have looked at alternatives to retrenchments, including shifting workers to vacancies in other operations, before considering the potential retrenchment of about 1 000 workers. The Department of Mineral... 

Optimum mine right suspended, penalties may force R1/t coal supply 

By: Martin Creamer Financially stricken Optimum Coal has been hit by a double whammy – huge potential penalty claims from State electricity utility Eskom plus a suspension of its mining licence by the Department of Mineral Resources (DMR) for alleged inhumane retrenchment. In the face of these latest setbacks,... 

Optimum Coal heads for business rescue as Eskom plays hardball 

By: Martin Creamer Business rescue proceedings are to begin at both Optimum Coal Holdings and Optimum Coal Mine after attempts to renegotiate a 22-year-old lossmaking supply agreement with Eskom ended in the State electricity utility asserting its rights to past and future penalty claims. The penalties sought... 

Glencore Xstrata outlines integration initiatives

By: Natalie Greve The newly formed Glencore Xstrata has confirmed that integration initiatives are under way, with clear leadership and reporting lines already in place and an industrial asset portfolio review currently in progress. The combination of commodities trader Glencore and producer Xstrata created a... 

Keaton Energy appoints new CEO

JSE-listed coal miner Keaton Energy appointed Rowan Karstel as its CEO to succeed Paul Miller with effect from July 1. Kastel is the former chief project officer of South Africa's sixth-largest thermal coal miner, Optimum Coal Holdings. He was responsible for the development and execution of... 

Company Announcement: Optimum Coal Funmatics Programme to revolutionise mathematics

The Optimum Community Trust unveils a new and revolutionary programme that seeks to change mental models, challenge mathematics phobias entrenched over a period of time, introduces new ways of stimulating learning and teaching to involve holistic development thus breaking psychological barriers... 

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