Eskom contract threatens South32 deal
While Mike Teke’s venture is the prime bidder for South32’s coal assets, an Eskom supply deal could scuttle talks
12 September 2019 - 05:00
Black-owned coal miner Seriti Resources is South32’s top pick to buy its SA coal assets — but a loss-making contract with Eskom could still scupper a deal.
Last month South32 said Seriti Resources had been selected as the exclusive bidder for its SA Energy Coal business, which includes the Khutala and Klipspruit collieries and the Wolvekrans Middelburg Complex...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
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