Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

April 13, 2017

Responsive image

Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty claim against Optimum, public. In a statement released following news that the State-owned utility and Tegeta had reached a settlement through independent arbitration, Seleke also reported that he had “requested a briefing from Eskom on the arbitration award in the Optimum Mine matter to satisfy [my]self that Eskom’s interests are secure”.

Category: General