Project Background

On 1st August 2018, New Largo Coal (Pty) Ltd (“New Largo Coal”) acquired the New Largo reserves from Anglo. New Largo Coal is a majority black owned and controlled company whose shares are held by Seriti New Largo (45%), the IDC (22.5%), Coalzar (22.5%) and the New Largo Coal Employee and New Largo Coal Community Trusts (5% each). New Largo Coal intends to develop the New Largo Mining right into a large scale, long life coal mine in order to supply ~12 Mtpa coal to Eskom’s Kusile Power Station over a 50-year period.

Negotiations with Eskom commenced during August 2018 on the development of the New Largo resource which will be developed in 3 stages with the objective to meet the Eskom Kusile ramp-up requirements as far as practically and commercially possible.

Locality Map

Where we operate


Board of Directors


Board Members

R van Eeden (Chairman)

Independent Non-executive director

M Teke

Non-executive director

Dr A Mokgokong

Non-executive director

P Mokgokong

Non-executive director

I Goondiwalla

Non-executive director

Shareholders

Seriti New Largo Pty Ltd

45%

Coalzar Pty Ltd

22.50%

Industrial Development Corporation of SA Limited

22.50%

New Largo Community Trust

5%

New Largo Employee Trust

5%