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…
Mining Charter battle continues
Seriti Resources CEO Mike Teke discusses Mines Minister Mosebenzi Zwane comments at the Joburg Indaba and how it’s navigating things as a coal miner in South Africa right now.…
Anglo American Plc - Anglo American Completes Sale Of Eskom-tied Thermal Coal Operations In South Africa
Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa (the “Operations”) to Seriti (the…
Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti
JOHANNESBURG (miningweekly.com) – Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company…
Anglo American sells some collieries and mines to Seriti Resources
Anglo American concluded the R2.3bn sale of three collieries that supply Eskom with coal as well as four shuttered mines, to Seriti Resources. The transaction announced in 2017 marked the decision by…
Anglo American completes sale of Eskom-tied operations
Anglo American confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa (the Operations) to Seriti (the Transaction). Seriti, the purchaser, is a wholly…
Anglo completes R2.3bn sale of Eskom coal
Cape Town – Anglo American [JSE:AGL] has completed the R2.3bn sale of its South African thermal coal operations to black-owned mining company Seriti Resources. The mining group announced the…