Business entities and wealthy individuals have shown interest in purchasing the Mpumalanga and KwaZulu-Natal-based Gupta-owned mining assets.
This includes Optimum and Koornfontein mines and the Richards Bay coal terminal, which went through business rescue last February, according to Liquid Services associate director John Taylor. Liquid Services and Park Village Auctions are among the companies contracted to oversee the sale of the mining assets.
These assets were once used by the Gupta family to siphon billions from Eskom during the tenure of Brian Molefe as group chief executive. Despite offering sub-standard coal to Eskom at a huge cost to the state-owned enterprise (SOE) under Molefe’s watch, Gupta-owned Tegeta was paid billions.
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