Today's Labour News

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newsMining Weekly reports that consortium Project Halo on Tuesday rejected allegations of impropriety in the way it secured the bid to acquire Optimum Coal Mine, Koornfontein Mine, and Optimum Coal Terminal in Mpumalanga.  

Last year, Project Halo won a bid to buy the assets for R3.6-billion from Tegeta Exploration and Resources, a mining company which is linked to the controversial Gupta family.  The mines have not been operating at full functionality as Tegeta was put on business rescue while litigation to stop business rescue practitioners from selling the assets proceeded.  Paul Buckley, director of Project Halo, said they won the bid to purchase the Gupta mines fair and square “based on our sound business proposal.”  Over 2,000 workers at the troubled Optimum and Koornfontein mines have not been paid their salaries for the past three months, laying the blame on the business rescue practitioners overseeing the operations.  They were due to march to the Union Buildings on Wednesday, demanding that government should assist in getting operations at the mines back to full functionality

  • Read the original report on this story in full at Mining Weekly
  • See too, Unpaid Optimum, Koornfontein mineworkers to march to Union Buildings on Wednesday, at Business Report


Get other news reports at the SA Labour News home page