Gupta deal 'duck soup'

16 February 2016 - 02:33 By TMG Digital

The DA said that Gupta-owned Tegeta Resources' acquisition of the Optimum coal mine was "looking like duck soup". According to the party's mineral resources spokesman, James Lorimer, what "looks like a duck and quacks like a duck" was Tegeta's purchase of a mine that "Glencore, one of the world's most-admired mining companies could not make viable", and Tegeta securing "coal supply contracts for two Eskom power stations".Lorimer said that in "order to convince the country that this is not, in fact, an amphibious avian, we need to be presented with facts that will show the full picture".The Competition Commission will consider the acquisition tomorrow and is expected to approve the deal. ..

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