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Coal from the Optimum Mine is once again moving through the Richards Bay Coal Terminal (RBCT), marking the end to yet another torrid chapter for the formerly Gupta-owned mine.
After months of challenges, the new owner of Optimum Coal – Liberty Coal – has taken over operations and on Monday night sent the first consignments of coal to the privately owned coal terminal.
The coal mine was previously owned by the notorious Guptas, and allegedly played a central role in the family’s state capture project. Placed into business rescue in early 2018, a creditor-approved rescue plan envisaged the mine would be taken over by Liberty.
