(1) (a) R2, 176 530 611.99 accrued as at August 2015.
(1)(b) This penalty has not been paid by Optimum to date.
(1) (c) No agreement has been reached.
(1) (d) The matter is still the subject of arbitration, no agreement has been reached.
(2) Yes.
(2)(a) Fines normally referred to as penalties have been levied in all instances where coal quality is at the bottom end of the expected range. A coal penalty regime is a standard condition of Eskom contracts.
(2)(b) For Eskom’s long-term coal suppliers, excluding Optimum Colliery which supplies Hendrina Power Station, a total of R90 million in penalties was levied for the period 01 April 2015 to 30 September 2016.
(2)(c) The price adjustments are effected in the month that payment for the respective coal supply was made and are reflected in both the invoice and in Eskom’s payment assessment.
(2)(d) The price adjustments are effected in the month that payment for the respective coal supply was made.