Deals
Glencore Weighs Buying Back Gupta-Linked Coal Mine
- Optimum entered business rescue proceedings in February
- The South African mine was owned by Glencore until 2015
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Glencore Plc is considering a bid for the Optimum coal operations in South Africa, which it sold in 2015 to a company part-owned by the politically connected Gupta family, according to two people familiar with the matter.
Optimum supplies fuel to state power utility Eskom Holdings SOC Ltd. and became a lightning rod issue for critics of the Gupta family members and their friendship with former president Jacob Zuma.