Picture: ROBERT TSHABALALA
Picture: ROBERT TSHABALALA

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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