A legacy of integrity
Our name is derived from a Sesotho word meaning integrity.
Philosophically it is also the word for the shadow or aura that people cast as they go through life – a shadow that grows when you do good and is diminished when you do bad. So in essence your ‘seriti’ becomes your reputation and ultimately, your legacy.
At Seriti we aim to be constantly aware of the shadow we cast and of the great legacy we will create for our stakeholders, and our country.
Seriti by numbers
Seriti at a glance
91%
We are a broad-based, 91% black-controlled mining company
10%
We have ring-fenced 10% of our shareholding for the benefit of employees and communities
23%
We are responsible for supplying coal to power stations that collectively generate 23% of South Africa’s electricity
6000+
We employ more than 6,000 people (3,000 direct employees and 3,000 contractors)
24Mt
We produce around 24Mt of domestic coal per annum
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Latest news
Seriti’s Teke awarded Brigadier Stokes Memorial Award
The Southern African Institute of Miningand Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and…
Anglo completes sale of New Largo to Seriti
Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is…
Mike Teke’s Seriti still has eye on Gupta coal assets as step towards big league
Just like when you grow up there are things that you desire in a toy store, there are assets I desire to own Seriti Resources CEO Mike Teke has reiterated that Seriti wants to become a coal exporter…
Mike Teke’s big expansion plans for Seriti
Seriti Resources snapped up a number of coal mines from Anglo American recently, and is also eyeing Optimum Coal. Financing, however, may prove to be a challenge.Mike Teke, the former president…
WATCH: Seriti wants to become a local mining champion
Seriti Resources has concluded a R2.3bn asset purchase of Eskom-tied thermal coal operations from Anglo American. The deal, which was announced last year, includes the acquisition of New Vaal,…
Seriti has an eye on Optimum
Eskom’s new black-owned supplier, Seriti Resources, has finalised a R2.3bn cash purchase of three collieries from Anglo American and is keen to get its hands on the Guptas’ embattled Optimum…