Bankrupt Gupta mine sold to black-owned group

A black-owned South African mining group is buying the Gupta family’s Koorfontein mine, Netwerk24 reported on Monday morning. The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal to Eskom, but has not been operational for some time. Employees last received salaries in November 2018 Lurco was established in 2010 by businessmen Ellington Nxumalo and Aubrey Chauke. One of its largest projects is a coal beneficiation…

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Bankrupted PG&E rejects San Francisco’s bid to buy back the power grid

At the beginning of Sept. San Francisco offered to buy Pacific Gas & Electric’s (PG&E) electrical grid in the city for $2.5 billion. The energy giant filed for bankruptcy in January, after historic wildfires ravaged California, leading to billions in liability cases against the company. At the time city attorney Dennis Herrera told reporters, “There has been a lack of investment in infrastructure over the course of the last decade by PG&E. And that is, and was, motivated primarily by pursuit of profit. That’s not something…

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Otaku Studies, Lesson 36, “the Increase in Bankruptcy of Anime Studios”

Source: the speaker: Prof. Hiroaki InoueProf. Inoue will talk about the increase in bankruptcy of Anime studios.Prof. Hiroaki Inoue who was a starting staff of Gainax and a staff of Tesuka production, and works as a professor of Department of Animation Culture at Kibi International University. …continue reading      Source link

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Labour Party faces bankruptcy amid antisemitism allegations – World News

The leader of Britain’s opposition Labour Party, Jeremy Corbyn, delivers a speech in Manchester, Britain, March 22, 2018.. (photo credit: REUTERS/PHIL NOBLE) Members of the National Executive Committee (NEC), the governing body of the UK Labour Party, have spoken privately concerned that the Equality and Human Rights Commission’s (EHRC) antisemitism probe could effectively bankrupt the party if the watchdog hands down a negative ruling to Labour, according to a report by The Independent. The report states that the main point…

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Insolvent airlines to fly passengers home under new insolvency rules

 Share This On: The move follows the collapse of Thomas Cook last month. (SKY NEWS) — Planes belonging to insolvent airlines will be able to continue flying and bring holidaymakers home under new regulations to be introduced by the government. The move follows the collapse of Thomas Cook into compulsory liquidation last month, which left 140,000 passengers stranded while the companies planes were grounded under strict insolvency rules. The Civil Aviation Authority launched its largest ever repatriation operation using planes…

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Students suffer due to financial and political bankruptcy – Mariette Pittaway – NEWS & ANALYSIS

DA FState MPL says students are being suspended because of the non-payment of bursaries Students suffer due to ANC-run Free State government’s financial and political bankruptcy 8 October 2019 The ANC-run Free State Provincial government, while being politically bankrupt for the past decade, now also appears to be financially bankrupt. To date, the DA have submitted several questions and written letters to the MEC regarding the non-payment of bursaries granted by the Free State Provincial Government, however, albeit very vaguely…

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