Gupta Coal India
Gupta coal mine and terminal to be retained by SA govt after court decision
The Optimum Coal Mine and Terminal, once owned by the Gupta brothers, are to be retained as South Africa's state property after a Supreme Court of Appeal (SCA) decision in favour of the National Prosecuting Authority (NPA). The business rescue practitioners of the Guptas' mining company Tegeta Exploration and Resources, Optimum Coal and Optimum Coal Terminal, the National Union of Mineworkers and two companies belonging to former Gupta business associate Daniel McGowan had appealed an earlier high court decision to allow the Asset Forfeiture Unit of the NPA's to preserve the Gupta mine and coal terminal, the weekly Sunday Times reported. The coal assets, estimated in March last year to be worth more than USD 219 million, are part of several Gupta-owned assets seized by the NPA after the three brothers and their families fled the country to avoid charges of corruption. They are believed to be in self-exile in Dubai as the authorities of the two countries continue engagement for their
 "Gupta coal mine and terminal to be retained by SA govt after court decision")
Nagpur-based Gupta Coal India files for insolvency
Gupta Coal has joint ventures with Maharashtra Vidyut Nigam, AP Coal Washeries and Monnet Daniels Coal Washeries
 "Nagpur-based Gupta Coal India files for insolvency")
