Seriti in pole position for South32’s SA coal assets
Should a deal ultimately be concluded, Seriti Resources would be catapulted into the position of SA’s second-largest coal producer
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.