OPTIMUM COAL
Glencore willing to testify at state-capture inquiry, says CEO Ivan Glasenberg
Resources giant Glencore is prepared to testify at the state capture commission of inquiry about its experience with its former Optimum Coal, which ended up in the hands of the Gupta family, according to CEO Ivan Glasenberg. Optimum Coal, a supplier to Eskom, was a key battleground in the attempt by private interests to capture the state. The change of ownership from Glencore to the Guptas, friends of former president Jacob Zuma, who stand accused of using links with him to further their business interests, was central to the findings of the public protector, which led to the formation of the Zondo commission of inquiry. Speaking on a conference call on Monday, SA-born Glasenberg said the diversified miner was willing to share its experience as a former owner of Optimum Coal. “If called upon to talk about the experience, we would be willing to do so,” he said. Commission chair, deputy chief justice Raymond Zondo, has pleaded for witnesses to come forward. SA banks have testified tha...
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