Business rescue practitioner Piers Marsden told the state-capture inquiry on Wednesday how Eskom refused to renegotiate its coal supply agreement with Glencore’s Optimum mine, with then Eskom CEO Brian Molefe apparently placing no urgency on resolving issues between the power utility and the mine. This came at a time when Glencore placed its entities‚ Optimum Coal Mine and Optimum Coal Holdings‚ into business rescue, bringing the coal supply between the mine and Hendrina power station to a grinding halt in 2015.

PODCAST: Business Spotlight for more insight and analysis

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now