Optimum blames Eskom for hardship

The 10 million tonnes a year Optimum Colliery in South Africa has been forced into business rescue proceedings due to “financial hardship”.

04 August 2015
comments
share

Two-thirds owner, Glencore said despite attempts to reduce its costs, including downscaling and reducing production, an onerous supply agreement with state utility Eskom meant it was still unable to

Be everywhere in mining

Dig even deeper with a premium subscription for access to annual reports from the Mining Journal Intelligence department.

Digital access from £1

£1 for the first month,
followed by monthly installments of £115

SUBSCRIBE NOW

Online access to Mining-Journal.com with dedicated coverage across all key mining sectors
Daily morning, global, and Americas focused newsletters
The industry's most insightful investment columns
Exclusive interviews and reports from all key industry events
Comprehensive site visit reports from the most exciting mining projects
Independent company/project reports
Market-leading insights into the technology and services investment spaces
Data-rich country and state reports providing a snapshot of a regions' investment appeal

view all subscription options

Best value

Premium Print and Digital subscription

3 Users: £75 *per user, per month

SUBSCRIBE NOW

All the benefits of an online subscription plus:
The latest print edition delivered to your door every fortnight
5 annual reports (valued at £595 each) produced by Mining Journal's Intelligence division, and focusing on the most relevant discussion points in the mining sector:
- World Risk Report
- Global Finance Report
- Global Leadership Report
- Global METS Report
- Project and Pipelines Handbook
All the above accessible in digital and print, with a total value equivalent to £4,120.