Seriti Resources is ready for diversification into other minerals to become a local mining champion now it has “exhausted” its coal growth potential in SA, says CEO Mike Teke.

Seriti’s wholly owned subsidiary Thabong Coal has secured conditional approval from the Competition Tribunal for the takeover of South32’s thermal coal assets in SA. Both companies are among the country’s largest sources of coal and for this reason the approval came with a large number of conditions on Wednesday...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now