StateCaptureInquiry Brian Molefe apparently did not provide reasons as to why Eskom would not negotiate the coal supply agreement.
"It was a very brief meeting. He said to me that Eskom would not be amending the terms of the coal supply agreement and that it would continue to enforce its rights in terms of the contract," he said."We had been down a long period of negotiation with Eskom and there was a significant amount of history regarding the negotiation. We had got to the point where we felt we had reached some sort of conclusion, only to be stonewalled at that point of time," Ephron said.
"Again we went to try and discuss and see if there was a way forward. It was the same response, that Eskom is not willing to negotiate and that the contract is in full force. It was a stonewall negotiation. It wasn't a discussion, it was a position," Ephron said. Glencore placed Optimum into business rescue in August 2016 after Molefe refused to renegotiate the price of the long-term supply contract and reinstated a disputed R2.17bn penalty that Optimum was said to owe for supplying substandard coal.
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