Gupta-linked Optimum loses court bid to force exports at Richards Bay Coal Terminal | Business

📆 2023/06/01 23:30:00
📰 News24

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The High Court in Durban has dismissed Optimum's application for an urgent interdict against the Richard's Bay Coal Terminal. The court said RBCT was entitled to suspend a deal with Optimum and was also right to worry about reputational risk.

Optimum Coal has lost a court bid to interdict the Richards Bay Coal Terminal from blocking its use of its export facilities.

Mpumalanga-based Optimum Coal Mine and Optimum Coal Terminal , which have been in business rescue for over five years, were also slapped with a costs order by the High Court in Durban. The judgment was delivered on Wednesday, more than four months after OCM and OCT launched an urgent application to interdict the RBCT from suspending its contractual entitlement to export coal.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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