Mineral resources minister Gwede Mantashe. Picture: GCIS
Eskom then helped Tegeta Exploration & Resources, owned by the Gupta family, to acquire it in a sweetheart deal — ultimately at SA taxpayers’ expense. “Those are not victims of anybody else; they are victims of state capture and corruption. They are victims of collaboration between Eskom and the Guptas. Our commitment should be to work together to come up with a permanent solution for Optimum and Koornfontein,” the minister said.He described the transfer of the shares to former Arnot employees as “revolutionary”. “We chose [to do the handover] on May Day to highlight the significance of giving workers ownership. It is revolutionary.
In the past, Eskom developed Arnot and other collieries in conjunction with miners so as to ensure a steady and affordable supply of coal.
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