Creating a black-controlled South African mining champion

Seriti is a broad based, 91% black owned and controlled South African mining company co-owned by four black anchor shareholders, Masimong Group, Thebe Investments, Zungu Investments (Zico) and Community Investment Holdings (CIH).

With Dr Anna Mokgokong and Mike Teke respectively as Chair and CEO at the helm, the company is directed by a board and management team who collectively have significant and relevant experience in the acquisition, operation and development of large-scale coal operations in the country.

Seriti was incorporated to acquire the New Vaal, New Denmark and Kriel mines from Anglo American, as well as various life extension coal resources and closed collieries. This acquisition positions Seriti as major South African mining company responsible for supplying approximately 24Mtpa of thermal coal to Eskom’s Lethabo, Tutuka and Kriel power stations, which collectively generate about 23% of the country’s electricity.

In addition, the acquisition effectively makes Seriti Eskom’s largest black controlled coal supplier, with a clear focus on providing Eskom with secure, long-term coal supply solutions to fuel its power station fleet.

As a company we also believe in establishing a sustainable legacy for the communities in which we operate, and the mining industry as a whole. To support this philosophy, 10% of our equity has been ring-fenced equally for the benefit of employees and communities through employee and community trusts.

We aim to be an industry leading empowerment champion that rejuvenates the mining industry and actively builds a legacy that creates growth for our stakeholders and our country.

Values

The values we live by


Seriti is underpinned by six core values that will enable us to empower and create growth for all our stakeholders

Safety and health without compromise

The delivery of best-in- class health and safety performance

Environmental care

The commitment to operate in a manner that would meet compliance requirements in preserving the environment

Respect for all

The treatment of all our stakeholders with the utmost respect and consideration

Integrity in all that we do

The commitment to be open and transparent, and act in honesty in all our dealings

Transformation for the benefit of all stakeholders

The facilitating of meaningful, long-term empowerment and transformation for the benefit of all stakeholders

Implement what is promised

The implementation of what we promise in an intelligent and effective manner