DSA, Union May Bid for Mines Once Owned by Guptas, Glencore
- Glencore is a former owner of the Tegeta coal mine assets
- Tegeta was owned by Gupta family, son of President Jacob Zuma
Emissions rise from an Eskom Holdings coal-fired power station in South Africa.
Photographer: Waldo Swiegers/BloombergDubai’s DSA Investments is considering forming a venture with a South African labor union to bid for coal assets that Glencore Plc was pressured into selling to a company controlled by the politically-connected Gupta family in 2015.
The venture would be between Orchid Mining, a unit of DSA, and Nehawu Investment Holdings, which invests funds on behalf of the National Education, Health and Allied Workers’ Union, the person said, asking not to be identified because the talks haven’t been publicly announced. The proposed venture could target the coal assets of Tegeta Exploration & Resources (Pty) Ltd. after the company was placed under administration last year, the person said.