Eskom and Glencore traded barbs at the weekend, with the multinational miner denying reports that it offered the state-owned company coal at inflated prices and Eskom denying that it had lied about the offer. The former public protector’s report into state capture said Eskom’s board consisted predominantly of people with ties to President Jacob Zuma’s son Duduzane, and the Gupta family and its associates, and it had assisted the family’s company Tegeta Resources to buy the Optimum Coal Mine (OCM) from Glencore. The report also said there was a "cosy relationship" between Eskom CE Brian Molefe and the Guptas. Glencore said in a statement on Saturday that the company had engaged in "good faith negotiations" with Eskom for more than two years. It said the last offer made by OCM while it was under Glencore’s control was R300 per tonne until 2018, "not R530 per tonne".
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