WATCH: What the South32 deal means for Seriti
Seriti Resources CEO Mike Teke talks to Business Day TV about the deal his company struck with South32
Seriti Resources has reached a deal with South32 for the miner’s coal assets.
The agreement stipulates that Seriti will provide South32 with an upfront payment of R100m and 49% of the free cash flow from the assets until March 2024.
Seriti Resources CEO Mike Teke joined Business Day TV to talk about what this deal means for the company.
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