Eskom May Seek Additional Penalties From Optimum Mine

Updated on
Gianluca Colla/Bloomberg

A dispute after Glencore Plc’s Optimum coal mine began bankruptcy proceedings and business rescuers suspended a contract to supply Eskom Holdings SOC Ltd. with coal at a price equivalent to 8 U.S. cents a metric ton is set to worsen as the South African state power utility said it will seek to increase a contract penalty.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.