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
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…
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…