A deal that will turn black-owned miner Seriti Resources into the largest supplier of coal to Eskom is one step closer now that the Competition Commission has recommended the transaction be approved.     

The commission said on Sunday it has recommended that the Competition Tribunal approve the proposed transaction whereby Thabong Coal — a wholly-owned subsidiary of Seriti, which is headed by mining entrepreneur Mike Teke — intends to acquire SA Energy Coal from South32, a diversified miner that was spun out of BHP in 2015 and which is listed in SA and Australia...

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 articles from our international business news partners; 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