Exit of major thermal coal miners opens opportunity for local companies

[News24] The recent flight of major international thermal coal producers from South Africa must not be seen as a bad sign for the industry, but an opportunity for local companies to play a meaningful role in the sector.

If done responsibly, coal mining can add value to economies – panel

[Mining Weekly] Coal miner Seriti Resources CEO Mike Teke echoes the sentiment, stating that although majors such as South32 have left the South African coal industry, it poses an opportunity for South African investors who have not been exposed to this commodity. Teke points out that, even with the Integrated Resources Plan’s goal of decreasing coal’s share […]

South Africa’s Coal Producers Bring in Drones to Contain Theft

[Bloomberg] South African coal producers are battling to contain theft and using drones to help ensure the safety of staff and mines, according to some of the industry’s biggest companies and consumers. “We’re flying drones almost every night at every operation” to provide security, Seriti Resources Holdings Ltd. Chief Executive Officer Mike Teke said in an […]

Local players see opportunities in multinationals’ exit from coal

[Business Day] The exodus from SA coal by multinational companies will make way for new local mining powerhouses, the CEOs of SA’s largest mining companies have said.

Seriti hands over a state-of-the art primary healthcare centre for the Rockdale community

Seriti Power handed over the 24-hour state-of-the-art Rockdale community healthcare centre to the Mpumalanga Department of Health in the Steve Tshwete Local Municipality. The centre, which is already operational, was built at a cost of more than R34 million, and forms part of Seriti Power’s Social and Labour Plan (SLP) commitments.

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Seriti assumes management of SAEC renames entity: Seriti Power

Following the fulfilment on 15 May 2021 of all conditions precedent in respect of Seriti’s acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC), Seriti is pleased to advise that the transaction has now closed and that it has assumed management of these operations from 1 June 2021.

CMTV Resources Watch

[Mining Weekly] The change of name of South African Energy Coal to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal.

New Vaal SLP

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Sick colleagues only return to work when it is safe to do so

We are all at risk from COVID-19

No one chooses to get COVID-19

Safety, health and environmental policy

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EDITORIAL: Eskom coal supply contract the pragmatic option

[Business Day] Eskom took its time to agree to a new, amended coal supply agreement for its Duvha power station. In the end, the amended deal with Seriti Resources, an acquisitive mining house with ambitions to become a black-owned SA mining champion, is sensible, judging by what has been publicly disclosed.

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Asian demand for South African export coal remains strong – Seriti

[Mining Weekly] Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom.

Eskom raises cost of coal in Seriti deal but gets a pile of benefits

[Business Day] Seriti Resources, the mining group run by Mike Teke, will take over South32’s SA coal assets in June now that Eskom has agreed to pay 33%, or R4bn, extra for coal supplied to its Duvha power station in Mpumalanga.

Seriti to conclude acquisition of SAEC from South32

Seriti Resources is pleased to confirm that all conditions precedent to its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled, and the sale is expected to be completed on 1 June 2021

Kriel SLP

Seriti Statement on SAPS Complaints

Seriti Resources continues to note reports in the media about the affidavits submitted in support of complaints to the SAPS regarding various aspects of the transaction where Seriti is in the process of acquiring South32’s SA Energy Coal (SAEC) business.

PODCAST: The R1 deal that could make or break South Africa

[Business Day] In this latest edition of Podcasts from the Edge, Peter Bruce talks to Seriti Resources CEO Mike Teke about the choppy waters suddenly surrounding the agreement to take over the vast coal-mining resources of South32.

MIKE TEKE: Transition from coal is required, but must be just and managed well

[Business Day] It takes some courage to write about coal and its future if you are suggesting it has a future. I have plucked up the courage to do it.