Bank of Baroda’s departure makes life impossible for Optimum, MPs hear
28 February 2018 - 09:37
The departure of the Bank of Baroda from SA had made it impossible for the Optimum mine — a subsidiary of the Gupta-owned Tegeta Exploration & Resources — to do business, Parliament’s mineral resources committee heard on Wednesday. Seven companies in the group have been placed under business rescue — including Tegeta, Optimum and Shiva Uranium. Optimum mine has been hit by a strike by workers concerned about the payment of their salaries and the status of the mine.
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