Mike Teke’s Seriti Resources has emerged as the exclusive bidder for South32’s SA coal mines, the Australia-listed miner announced on Thursday.

South32, a diversified mining company that was spun off from BHP in 2015, announced in 2018 its intention to sell off its SA thermal coal business. On Thursday, with the release of its annual results, the company announced that Seriti Resources was the exclusive bidder for SA Energy Coal.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now