In this latest edition of Podcasts from the Edge, Peter Bruce talks to Seriti Resources CEO Mike Teke about the choppy waters suddenly surrounding the agreement to take over the vast coal-mining resources of South32.
Combined with the Anglo American coal business Seriti has already acquired, the South32 mines would make Mike Teke the biggest single coal-supplier to Eskom, SA’s debt-drunk power utility. But there’s a problem — one of the South 32 mines supplies directly to Eskom’s critical Duvha power station and it loses money with every delivery...
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