Glencore’s Optimum coal now in hands of S. African’s President family

Oakbay Investments, the firm controlled by the Gupta family and South African President Jacob Zuma’s son, completed Thursday the $145 million acquisition of Glencore’s (LON:GLEN) Optimum Coal unit. Last year, Glencore put the mine — which is the African nation’s third-largest opencast operation —...