Seriti Resources poised to become SA’s second-largest coal producer after Exxaro
A deal that could create the second-largest coal producer in SA now hinges on the renegotiation of a loss-making Eskom contract.
South32, an Australia-listed miner which was spun out of BHP in 2015, announced on Wednesday it had concluded a purchase agreement with Seriti Resources for its SA Energy Coal business for an upfront payment of R100m.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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