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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2019
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South Africa will rely on coal for decades, key miner says
[Bloomberg] Seriti Resources, poised to become Africa’s second biggest coal producer, is betting that South Africa will rely on coal for decades even as Africa’s biggest emitter of greenhouse gases implements carbon taxes and is under pressure to improve air quality.
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Seriti Resources may turn to equipment makers as coal IPOs shunned
[Bloomberg] Seriti Resources, which is poised to become South Africa’s second-biggest coal producer, may take funding from equipment suppliers and hold off on a listing as the fuel is being shunned by financiers because of its environmental impact.
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Eskom could soon get new top coal supplier as South32 picks bidder
[Business Day] Seriti Resources, which has been scooping mining assets over the last two years, could become the biggest coal supplier to power utility Eskom as the black-owned miner tries to hammer out a deal to buy the domestic coal assets of global diversified mining company South32.
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South32 hand picks contender to acquire coal business
[Mining Review Africa] 91% black-owned and controlled coal mining company Seriti Resources has entered into exclusive negotiations for the sale and acquisition of South32’s South Africa Energy Coal (SAEC) business following a comprehensive and competitive bid process.
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Seriti in pole position for South32’s SA coal assets
[Business Day] Mike Teke’s Seriti Resources has emerged as the exclusive bidder for South32’s SA coal mines, the Australia-listed miner announced on Thursday.
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2018
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Seriti’s Teke awarded Brigadier Stokes Memorial Award
[Mining Weekly] The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society.
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Anglo completes sale of New Largo to Seriti
[Engineering News] 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 co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation.
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Mike Teke’s Seriti still has eye on Gupta coal assets as step towards big league
[Business Day] Seriti Resources CEO Mike Teke has reiterated that Seriti wants to become a coal exporter — and that it would be interested in buying the assets and quotas of the Gupta family’s Optimum Coal.
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Mike Teke’s Big Expansion Plans For Seriti
[Finweek] 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.
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WATCH: Seriti wants to become a local mining champion
[Business Day TV] 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, New Denmark and the Kriel mine as well as various mine life extension projects.
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Seriti has an eye on Optimum
[Business Day] 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 mine.
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Anglo American Plc – Anglo American Completes Sale Of Eskom-tied Thermal Coal Operations In South Africa
[JSE SENS] Anglo American plc confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa to Seriti.
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Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti
[Mining Weekly] 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 Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion.
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Anglo American sells some collieries and mines to Seriti Resources
[Business Day] Anglo American concluded the R2.3bn sale of three collieries that supply Eskom with coal as well as four shuttered mines, to Seriti Resources.
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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).
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Anglo completes R2.3bn sale of Eskom coal
[Fin24] 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.
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Anglo American concludes sale of three coal mines in South Africa
[mining.com] Anglo American (LON:AAL) has completed the sale of three Eskom-tied thermal coal operations in South Africa to Seriti Resources, a group of black-controlled companies for R2.3 billion (about $164 million).
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SA coal entrant Seriti interested in buying Gupta mine, Optimum
[miningmx] SERITI Resources, the black-owned consortium that today concluded the R2.3bn purchase of thermal coal mines from Anglo American, said it would be interested in buying Optimum Coal Mine, the Gupta family-owned colliery that has been put into business rescue.
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2017
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Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal
[Engineering News] The black-empowerment consortium selected as the preferred bidder for Anglo American’s Eskom-tied coal operations is optimistic that the State-owned utility will approve the ceding of three coal supply agreements (CSAs) from Anglo to Seriti Coal by year-end.
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Anglo Coal’s Ndlovu optimistic about prospects, Seriti deal
[miningmx] 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.
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Seriti Resources lines up R20bn New Largo project
[miningmx] 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 development that could see Seriti go public depending on its capital requirements.
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Watch: Mining Charter battle continues
[Business Day TV] Business Day TV interviews Mike Teke interview at the 2017 Mining Indaba
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The young Turks of SA’s emerging coal sector
[miningmx] 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 Bernard Swanepoel’s tongue-in-cheek complaint about the Turk, now in his fifteenth year in South Africa’s coal mining industry.
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