Most of the mine's coal destined for export bypasses the terminal, the court noted. Moneyweb
The Durban High Court this week dismissed Optimum Coal’s case to be granted access to its export entitlement through the Richards Bay Coal Terminal . The terminal operator suspended Optimum from exporting coal in January on the grounds that it was in default and argued that it may suffer reputational risk if it is subsequently found that lifting Optimum’s export entitlement was part of some ‘grander scheme‘ to launder money.
Corruption Watch demands accountability and action following release of initial Zondo Commission ReportThe Zondo Report on SAA, SAAT and SA Express Where was the ANC when the Guptas took control of Transnet, Eskom and Denel? Underground mining contractors did not pay their personnel, and operations came to a halt. The mine also stopped paying Eskom, which switched off its power. To generate immediate cash flow, the business rescue practitioners decided to invite several contractors to mine so-called mini-pits.
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