AmaBhungane: Former mining minister reveals "hijacking" of Optimum Mine

AmaBhungane Centre for Investigative Journalism reports that former Mining Minister Ngoako Ramatlhodi has revealed new allegations that Eskom CEO Brian Molefe and chair Ben Ngubane pressed him to blackmail resources giant Glencore to ensure that the Gupta's take over Optimum mine.

AmaBhungane's Sam Sole says the Gupta's were pushing to buy Optimum mine in 2015, which was owned by Glencore at the time.

Glencore wanted to negotiate a new contract with Eskom.

In that process Eskom and Glencore had kind of reached an agreement, then Brian Molefe comes in and he stopped that process.

Sam Cole, amaBhungane investigative journalist

He put the squeeze on Glencore so that they eventually sell the mine to the Gupta's.

Sam Sole, amaBhungane investigative journalist

Sole explains that Molefe and Eskom then reinstated a R2.17-billion fine against Glencore.

Glencore had put the mine into business rescue - that's an alternative to business liquidation... so business rescue practitioners said no, take your R2 billion claim away.

Sam Sole, amaBhungane investigative journalist

He says Ramatlhodi, then minister of mineral resources, claims it was at this time when Ngubane and Molefe said to him he must suspend all Glencore's mining licenses in the country until the R2 billion is paid.

Ramatlhodi claims he said what other mines do supply Eskom, we are in the middle of load shedding... what's that gonna do to situation related to Eskom supply?

Sam Sole, amaBhungane investigative journalist

He says when he refused, Ben Ngubane said he will have to report this to the President. And Ramatlhodi said three weeks later when the President came back from China, he was fired [as the minister of mineral resources].

Sam Sole, amaBhungane investigative journalist

Listen to more revelations here...

Read More
DA files urgent court papers to have Molefe's re-appointment squashed

DA files urgent court papers to have Molefe's re-appointment squashed

The DA says its lodging papers at the High Court in Pretoria on Monday to interdict Brian Molefe's reinstatement as Eskom's CEO.

Molefe apparently slipped in to Megawatt Park at crack of dawn

Molefe apparently slipped in to Megawatt Park at crack of dawn

Brian Molefe started with a bang at Eskom after he stealthily dodged protesters who have called into question his reinstatement.

Molefe returns to work with a warm welcome

Molefe returns to work with a warm welcome

The Eskom CEO dodged protesters at Megwatt Park on Monday morning.

Opinion: People behind Molefe show us the middle finger

Opinion: People behind Molefe show us the middle finger

Molefe is expected to return to Eskom as the CEO this morning after serving as ANC MP for barely three months.

Why Molefe's return to Eskom cannot be justified legally

Why Molefe's return to Eskom cannot be justified legally

Xolani Gwala speaks to labor law expert as Brian Molefe is expected to report for duty at Eskom after being reinstated.

Cope vows to physically bar Molefe from entering Eskom HQ doors

Cope vows to physically bar Molefe from entering Eskom HQ doors

Cope spokesperson Dennis Bloem says Brian Molefe's reinstatement is improper and says the Eskom board has no chance in court.

Brian Molefe holding the minister and Eskom to ransom - Chris Yelland

Brian Molefe holding the minister and Eskom to ransom - Chris Yelland

Energy expert Chris Yelland, labour lawyer Michael Bagraim and ANC's Zizi Kodwa on the reappointment of Brian Molefe.

John Maytham's Book Reviews: Killers, poets, public servants and ingrates

John Maytham's Book Reviews: Killers, poets, public servants and ingrates

John's three book picks for the week.

Molefe's return to Eskom an insult to all SA citizens, warns BLSA

Molefe's return to Eskom an insult to all SA citizens, warns BLSA

Business Leadership SA chairman Jabu Mabuza says that the entire Eskom board needs to be expelled, reports EWN's Stephen Grootes.

Opinion: People at the top clearly don't give a damn, says Redi Tlhabi

Opinion: People at the top clearly don't give a damn, says Redi Tlhabi

Presenter Redi Tlhabi says that government officials have reached a new level of brazenness after Brian Molefe's return to Eskom.

ANC lambastes Molefe's return to Eskom

ANC lambastes Molefe's return to Eskom

Despite resigning voluntarily in the interest of good governance last year Brian Molefe is returning as CEO of Eskom on Monday.

Babes we Guptas seconded back to Eskom by Saxonwold shebeen - Eusebius

Babes we Guptas seconded back to Eskom by Saxonwold shebeen - Eusebius

Eskom board says Brian Molefe will return as the CEO on Monday, and Eusebius McKaiser hears none of the reasons for his return.

Brian Molefe to return to Eskom helm on Monday

Brian Molefe to return to Eskom helm on Monday

Molefe resigned as the Eskom CEO in November last year following the Public Protector's state capture report.

Save SA launches minimum demands for a socially just SA

Save SA launches minimum demands for a socially just SA

The group of civil society organisations have launched six demands aimed at restoring good governance in South Africa.

[LISTEN] How the Guptas built an empire - ' The Republic of Gupta'

[LISTEN] How the Guptas built an empire - ' The Republic of Gupta'

Award-winning journalist and author of 'The Republic of Gupta', Pieter-Louis Myburgh shares his insights.

"We are not willing to listen to each other to learn and reflect"

"We are not willing to listen to each other to learn and reflect"

South Africa's public space is becoming contaminated with intolerance, suspicion and mistrust suggests Ralph Mathekga.

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

A man who allegedly plotted assassination of prominent South Africans including Zuma, Guptas and Maine is set to appear in court.

SACP says it doesn't want SA turned into a playground by Gupta dynasty

SACP says it doesn't want SA turned into a playground by Gupta dynasty

The South African Communist Party is picketing outside Treasury in Tshwane to oppose state capture and corruption.

I will tell you when I want to tell you - Zuma on Cabinet reshuffle rumours

I will tell you when I want to tell you - Zuma on Cabinet reshuffle rumours

President Jacob Zuma jokingly told the media to forget about Cabinet reshuffle rumours.

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom board recommended Matshela Koko for the position of acting CEO after the resignation of Brian Molefe.

Rare interview with Ajay Gupta lends credence to state capture claims

Rare interview with Ajay Gupta lends credence to state capture claims

The interview reveals a trail of lies by the Gupta brother known for being cosy with high-ranking government officials.

Ajay Gupta lied to Stephen Grootes in an interview that was never published

Ajay Gupta lied to Stephen Grootes in an interview that was never published

The EWN reporter was prohibited from talking about or publishing the interview, and then it appeared on YouTube.

Gupta, Eskom dealings uncovered

Gupta, Eskom dealings uncovered

Public Protector's report states that Eskom might have repeatedly broken the law to accommodate the Gupta family-owned businesses.

Brian Molefe addressing state capture report's Glencore and Tegeta claims

Brian Molefe addressing state capture report's Glencore and Tegeta claims

Eskom CEO is elaborating on details of what happened between May and August last year at the interim results meeting.

Invest yourself rich (by buying these 3 shares) - Steven Schultz, Momentum

Invest yourself rich (by buying these 3 shares) - Steven Schultz, Momentum

Schultz is an investment professional. He reckons you can hardly do better than these three companies right now...

Glencore shares recover amid 'ripe for takeover' reports

Glencore shares recover amid 'ripe for takeover' reports

Glencore shares have recovered amid reports that the company would listen to offers for a takeover of the entire company.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Mashaba moves to insource security guards come Jan 2018

Mashaba moves to insource security guards come Jan 2018

Mashaba is also on a mission to identify owners of buildings in the city centre that he says are harbouring criminals.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?