https://www.engineeringnews.co.za

Eskom refuses to provide information on Tegeta claim settlement – AfriBusiness

23rd June 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

Business rights watchdog AfriBusiness will consult with its legal team to determine the way forward after State-owned Eskom reportedly refused to provide it with information on the R2-billion fine imposed on Tegeta Resources’ Optimum coal mine.

Following a period of arbitration, Eskom and Tegeta in April agreed to a settlement regarding a R2.2-billion penalty claim against Optimum, which had arisen in a dispute over coal quality when Glencore was still the owner of Optimum.

Eskom would, in April, not reveal details of the settlement, prompting AfriBusiness to seek more details through an application in terms of the Promotion of Access to Information Act.

Eskom on Friday informed AfriBusiness that it would still not release this information.
 
“AfriBusiness granted an extension to Eskom whereby it had 60 days to provide the requested information, but failed to do so. It is unacceptable that State-owned companies are currently being run in such a manner,” AfriBusiness labour and law advice unit manager Charles Castle said in a statement.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.167 0.226s - 177pq - 4rq
Subscribe Now