Exxaro, Seriti are said to mull bids for South32 coal assets

Exxaro Resources and Seriti Resources are among companies considering bidding for South32’s South African thermal coal operations, which have been valued at almost $800 million, according to people…


Mike Teke plans to take Seriti Resources public within 24 months

Mike Teke credits Norman Mbazima, deputy chairman of Anglo American South Africa, for keeping the Seriti Resources deal on track. This was the R2.3bn purchase of Anglo’s Eskom-dedicated coal mines to…


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

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…


The young Turks of SA’s emerging coal sector

ASKED to clarify the pronunciation of his name, Vuslat Bayoglu responded: “Call me Vusi”, normally a short version of a common South African name. This was the amusing riposte to conference host…


Eskom leadership crisis may damage security of coal supply

THE management crisis at Eskom, whilst deeply troubling if not entertaining, raises the question as to who’s around to make the executive decisions, especially important ones that are related to…


How does the mining industry in South Africa attract investment?

I strongly believe mining in South Africa still has a great future. We still employ 460 000 people and touch lots of families who depend on these 460 000 employees. I have always referred to the…


Seriti Resources lines up R20bn New Largo project

SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base with an agreement to buy the New Largo project – a…


Anglo Coal’s Ndlovu optimistic about prospects, Seriti deal

WHEN July Ndlovu was appointed CEO of Anglo Coal South Africa, a division of the UK-listed group, the expectation was that his elevation to the 45 Main Street hierachy would be a short-lived one.…