News and media
Media coverage
These articles are not authored by or on behalf of Seriti Resources and the views of the author may differ somewhat to that of the company. Seriti takes no responsibility for the availability of the links below.
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2023
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Q&A: Peter Venn, CEO of Seriti Green, talks about setting up wind farms
[Business Day] While SA experiences a desperate need for new generation capacity, not a single new megawatt from wind farms was connected to the grid in 2022.
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MIKE TEKE AND PETER VENN: Give the private sector support to help end SA’s energy crisis
[Business Day] Resolving SA’s electricity challenges requires a careful balance of three imperatives — ensuring the country’s energy security, affordability and sustainability, the latter of which includes both the pathway to net zero and the just energy transition.
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South Africa’s Seriti to build wind farm to power its coal mines
[Reuters] South African miner Seriti Resources, a top thermal coal supplier to struggling state power utility Eskom, is investing in wind power in the latest move by industry to wean itself off a national grid plagued by power cuts.
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Seriti signs 20-year wind power deal for coal mines in first of 900MW Mpumalanga rollout
[miningmx] Seriti Green, the renewable energy subsidiary of Mike Teke’s unlisted coal group Seriti Resources, has signed a 20 year power purchase agreement for 155MW of power from its first planned wind farm to be built in South Africa’s Mpumalanga province.
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SA’s largest wind farm planned for Mpumalanga
[News24] Seriti has signed a landmark power purchase agreement (PPA) which will see the construction of a 155MW wind power project in Mpumalanga – the largest in South Africa and the first wind project in the province – kick off in the next few months.
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2022
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Renewables deal indicative of South Africans making positive difference, says Seriti Green
The big renewables deal undertaken by Seriti is indicative of just how passionate South Africans are to make a positive difference for the benefit of future generations, said new Seriti Green CEO Peter Venn of the multi-gigawatt deal that is poised to lighten South Africa’s loadshedding burden and buttress the country’s just energy transition.
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Seriti expands renewable energy portfolio with recent acquisition
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Seriti ties up SA leg of transformative renewables supply deal with Winlab
PRIVATELY-held energy company Seriti Resources today concluded the acquisition of a 100% stake in Windlab South Africa providing it with access to renewable projects worth 4,000MW in the country.
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Eskom coal supplier Seriti concludes Windlab SA acquisition as it expands into green energy
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Coal miner Seriti closes 4GW renewables deal
Acquisition of a majority stake in Windlab Africa’s wind and solar assets is a big step in developing its own renewable energy business, says Seriti
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Major black-owned green power group is born as part of R900m deal
A deal to acquire a majority stake in wind and solar assets is set to give Seriti Resources, one of Eskom’s largest coal suppliers, a “running start” in South Africa’s booming renewable energy industry.
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Windlab purchase adds solar and wind power to coal miner Seriti
R892m deal means a 51% interest in Windlab Africa with projects in SA and East Africa
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MIKE TEKE: Seriti began as a coal company but is no longer one
Contrary to a rash assertion, coal companies are not in denial about climate change
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Coal Miner Seriti Buys Windlab in Shift to Renewable Energy
Seriti Resources, a key coal supplier to South Africa’s power utility, will buy a majority stake in renewable energy developer Windlab Africa.
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Seriti wholeheartedly backs continued use of coal in energy mix
Recent developments in the global energy landscape have seen a rise in environmental, social and governance pressures on coal and calls for an “all or nothing” approach to the long-term future of coal, which coal miner Seriti Resources CEO Mike Teke said is leaving many stakeholders confused.
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World Coal welcomes major new Members in South Africa
[Mining Review Africa] Responsible coal participants are continuing to respond to the World Coal Association’s call to identify the alliance of Members committed to building a clean coal future through abatement and sustainable development operating principles.
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World Coal Association welcomes new South African members
[Mining Weekly] Industry body the World Coal Association (WCA) has welcomed two new members to the growing alliance of responsible coal participants.
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Celebrating local entrepreneurs
[Witbank News] In 2019 Seriti launched the Business Development Programme for community development
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2021
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MIKE TEKE: Why mineworkers should not be left in the dark
[Business Day] Death is a painful ordeal for those who survive, and usually for the person who is in the process of dying. There are risks in every activity related to mining and our role as people at all levels in the sector is to work hard in ensuring we minimise the risks we are exposed to.
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OPINION | Let’s not neglect poverty and inequality as we move towards new energy
[News24] As a country struggling with load shedding, energy shortages, planned electricity reductions in some townships, high tariffs, decaying infrastructure, years of under-investment in power infrastructure and continued reliance on carbon-heavy coal power generation, do alternate and renewable sources offer the last best hope for the future?
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Seriti boss Mike Teke says Eskom MoU is start of firm’s renewable power supply ambitions
[miningmx] Seriti Resources CEO Mike Teke said he hoped a memorandum of understanding (MoU) with Eskom to supply it with renewable power will be the start of a new business for his organisation.
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Eskom to jointly develop solar projects with Exxaro, Seriti
[Mining Weekly] Coal miners Exxaro and Seriti Resources are joining forces with State-owned power utility Eskom to jointly develop renewable energy projects.
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South Africa’s Eskom, Coal Suppliers to Collaborate on Renewables
[Bloomberg] South Africa’s state-owned power utility Eskom Holdings SOC Ltd. and two of its biggest coal suppliers have agreed to outline plans for renewable energy projects at mines that produce the fuel. Eskom is South Africa’s biggest producer of greenhouse gases.
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Eskom teams up with coal suppliers to cut emissions
[Business Live] Power utility Eskom and its two largest coal suppliers, Exxaro and Seriti Resources, have signed an agreement aimed at reducing their carbon footprint through the use of renewable energy. Exxaro aims to achieve an emissions reduction of up to 130,000 tonnes per annum at its Matla coal mine.
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Coal mining goes green: Eskom suppliers Exxaro, Seriti commit to solar projects
[News 24] Eskom has signed an agreement with its major coal suppliers, Exxaro and Seriti Resources, that will see them develop renewable energy projects at their operations. Eskom CEO Andre de Ruyter said this agreement will contribute to the utility’s efforts achieve its aim of having a net zero emissions status by 2050.
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Coal dependence will linger, says Mike Teke
[Mining Weekly] South Africa will continue to depend on coal for at least another 60 years as a baseload energy resource, and although its use will wane over time, it will remain an integral part of the Integrated Resource Plan, Seriti Resources CEO Mike Teke assures Mining Weekly.
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Exit of major thermal coal miners opens opportunity for local companies
[News24] The recent flight of major international thermal coal producers from South Africa must not be seen as a bad sign for the industry, but an opportunity for local companies to play a meaningful role in the sector.
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If done responsibly, coal mining can add value to economies – panel
[Mining Weekly] Coal miner Seriti Resources CEO Mike Teke echoes the sentiment, stating that although majors such as South32 have left the South African coal industry, it poses an opportunity for South African investors who have not been exposed to this commodity. Teke points out that, even with the Integrated Resources Plan’s goal of decreasing coal’s share […]
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South Africa’s Coal Producers Bring in Drones to Contain Theft
[Bloomberg] South African coal producers are battling to contain theft and using drones to help ensure the safety of staff and mines, according to some of the industry’s biggest companies and consumers. “We’re flying drones almost every night at every operation” to provide security, Seriti Resources Holdings Ltd. Chief Executive Officer Mike Teke said in an […]
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Local players see opportunities in multinationals’ exit from coal
[Business Day] The exodus from SA coal by multinational companies will make way for new local mining powerhouses, the CEOs of SA’s largest mining companies have said.
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CMTV Resources Watch
[Mining Weekly] The change of name of South African Energy Coal to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal.
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EDITORIAL: Eskom coal supply contract the pragmatic option
[Business Day] Eskom took its time to agree to a new, amended coal supply agreement for its Duvha power station. In the end, the amended deal with Seriti Resources, an acquisitive mining house with ambitions to become a black-owned SA mining champion, is sensible, judging by what has been publicly disclosed.
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Asian demand for South African export coal remains strong – Seriti
[Mining Weekly] Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom.
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Eskom raises cost of coal in Seriti deal but gets a pile of benefits
[Business Day] Seriti Resources, the mining group run by Mike Teke, will take over South32’s SA coal assets in June now that Eskom has agreed to pay 33%, or R4bn, extra for coal supplied to its Duvha power station in Mpumalanga.
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PODCAST: The R1 deal that could make or break South Africa
[Business Day] In this latest edition of Podcasts from the Edge, Peter Bruce talks to Seriti Resources CEO Mike Teke about the choppy waters suddenly surrounding the agreement to take over the vast coal-mining resources of South32.
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MIKE TEKE: Transition from coal is required, but must be just and managed well
[Business Day] It takes some courage to write about coal and its future if you are suggesting it has a future. I have plucked up the courage to do it.
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2020
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WATCH: How Seriti is getting closer to being Eskom’s largest coal supplier
[Business Day TV] Seriti Resources CEO Mike Teke talks to Business Day TV about the group’s proposed acquisition of South32’s SA Energy Coal
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SA’s Competition Commission approves Seriti purchase of South32 coal assets
[miningmx] THE acquisition of South32’s South African Energy Coal (SAEC) to Seriti Resources has been recommended by South Africa’s Competition Commission, said BusinessLive.
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Competition Commission gives nod to South32 deal
[Business Day] A deal that will turn black-owned miner Seriti Resources into the largest supplier of coal to Eskom is one step closer now that the Competition Commission has recommended the transaction be approved.
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Teke urges power sector to usher in carbon capture, storage tech
[Mining Weekly] JOHANNESBURG (miningweekly.com) – South Africa has to start accelerating its drive towards a responsible transition to clean coal power generation technology to grow the country’s gross domestic product, economy and drive job creation, says empowered coal miner Seriti Resources CEO Mike Teke.
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Boost coal export efficiency as competition ramps up, says Seriti
[Mining Weekly] South African coal producers will need to boost efficiency as competition intensifies in coal export markets, says Mike Teke, CEO of black-owned and controlled coal mining company, Seriti Resources.
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Mike Teke’s Seriti Resources gives dignity back to South Africa
[Mining Review Africa] Coal mining magnet MIKE TEKE, the CEO of Seriti Resources, is in the process of establishing a coal power house in the country – driven by the need to contribute towards a prosperous energy future and fulfil its objective of help bring dignity back to South Africa’s citizens, writes LAURA CORNISH.
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2019
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Seriti Resources grows its coal portfolio even further
[Mining Review Africa] Black-owned and controlled coal mining company Seriti Resources has concluded an acquisition agreement with South32 to acquire South 32’s 91.835% shareholding in South Africa Energy Coal.
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Seriti to double coal production after agreeing terms with South32 for SAEC stake
[miningmx] 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 Coal (SAEC), a business unit of the Perth- and Johannesburg-listed group that produces about 28 million tons a year (Mt/y) of coal, of which about half is to Eskom.
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South32 sale hinges on a better Eskom coal deal
[Business Day] Seriti Resources poised to become SA’s second-largest coal producer after Exxaro.
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Industry leaders debate challenges in South Africa
[Mining Review Africa] The mining sector in South Africa finds itself at an inflection point. As a primary sector within an economy that is struggling to grow, coupled with transformative global trends that have a prolific local impact.
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Long-term contracts are cure for Eskom’s coal cost woes, says South32
[Business Day] 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 power utility to return to long-term supply contracts to bring its coal costs down.
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SA mines minister throws weight behind Seriti bid for South32 coal mines
[miningmx] SOUTH African mines minister, Gwede Mantashe, said he supported a bid for the coal mines of South32 by the Seriti Resources consortium, describing the transaction as a new national mining champion in-the-making.
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SA’s national interest played a pivotal role in Seriti winning the rights to SA Energy Coal
[miningmx] 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 tons (Mt) a month in South African coal production of which half is sold to Eskom.
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Seriti’s bid for South32 coal mines leaves 50 suitors in the dust
[Business Day] Australian company was inundated with expressions of interest before settling on Seriti
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