South Africa's mines minister urges speedy resolution on Optimum mine

South Africa's mines minister urges speedy resolution on Optimum mine
An entrance to the Optimum Kwagga coal mine owned by Glencore is seen near Hendrina in Mpumalanga province
JOHANNESBURG (Reuters) - South Africa's new mining minister Gwede Mantashe said on Thursday in remarks to the eNCA news channel that the business rescue process being undertaken at the troubled Optimum coal mine had to be done with "speed."

Optimum Coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20 with seven other companies owned by the Gupta family, who are accused of corrupt ties to former President Jacob Zuma.

Zuma and the Gupta brothers deny any wrongdoing.

(Reporting by Tanisha Heiberg; Editing by Ed Stoddard)

2018-03-08 15:35:21

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