Seriti Resources grows its coal portfolio even further
Publication: Mining Review Africa. Author: Guest Contributor. Black-owned and controlled coal mining company Seriti Resources has concluded an acquisition agreement with South32 to acquire South 32’s…
Seriti to double coal production after agreeing terms with South32 for SAEC stake
Publication: Miningmx. Author: David McKay. SOUTH32 today concluded a binding agreement with black-controlled mining firm, Seriti Resources for the sale of its 91.8% stake in South African Energy…
South32 sale hinges on a better Eskom coal deal
Publication: Business Live. Author: Lisa Steyn and Karl Gernetzky. Seriti Resources poised to become SA’s second-largest coal producer after Exxaro A deal that could create the second-largest coal…
Seriti Concludes Agreement With South32 On The Acquisition Of SAEC
6 November 2019, Johannesburg: Seriti Resources is pleased to announce that the company and South32 have concluded an acquisition agreement in terms of which Seriti will acquire the latter’s 91.835%…
Industry leaders debate challenges in South Africa
Publication: Mining Review Africa. Author: Guest Contributor. The mining sector in South Africa finds itself at an inflection point. As a primary sector within an economy that is struggling to grow,…
Long-term contracts are cure for Eskom’s coal cost woes, says South32
Publication: Business Day. Author: Lisa Steyn. A move away for short-term supply contracts will lower costs and ensure quality One of Eskom’s biggest suppliers has called on the state-owned…
SA mines minister throws weight behind Seriti bid for South32 coal mines
Publication: Miningmx. Author: David McKay. SOUTH African mines minister, Gwede Mantashe, said he supported a bid for the coal mines of South32 by the Seriti Resources consortium, describing the…
SA’s national interest played a pivotal role in Seriti winning the rights to SA Energy Coal
Publication: Miningmx. Author: David McKay. AFTER more than 18 months of bidding, Seriti Resources has emerged as South32’s chosen one: the company that has the right to buy control of its 28 million…
Seriti’s bid for South32 coal mines leaves 50 suitors in the dust
Publication: BL PREMIUM. Author: Lisa Steyn. Australian company was inundated with expressions of interest before settling on Seriti Seriti Resources pipped 50 others when it emerged as the exclusive…
Seriti Resources may turn to equipment makers as coal IPOs shunned
Publication: fin24. Author: Paul Burkhardt, Bloomberg. Seriti Resources, which is poised to become South Africa’s second-biggest coal producer, may take funding from equipment suppliers and hold off…
South Africa will rely on coal for decades, key miner says
Publication: Moneyweb. Author: Paul Burkhardt, Bloomberg. Eskom continues to rely on the fuel for power generation. Seriti Resources, poised to become Africa’s second biggest coal producer, is…
South32 to sell South African coal assets to Seriti Resources
Publication: Financial Times. View original article