
South African tycoon Mike Teke’s Seriti unveils new coal mine, 300 jobs to follow
With this new mine, Seriti cements its lead as the largest black-controlled coal producer while securing a stable, long-term coal supply for power stations.
With this new mine, Seriti cements its lead as the largest black-controlled coal producer while securing a stable, long-term coal supply for power stations.
Seriti Resources Holdings is a leading coal company.
Teke, CEO of Seriti Resources, said the deal will facilitate the decarbonization of South Africa’s energy grid.
The investment is a watershed moment for Seriti.
Teke is the founder of Masimong Group and one of Seriti Resources Holdings’ four shareholders.