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South Africa , File Only , கோப்பு மட்டும் ,

Seriti on track to be biggest Eskom coal supplier after South32 deal gets green light


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The Competition Tribunal has given the green light to South32 s sale of its South African coal assets to Seriti Resources, paving the way for the miner to become a key supplier of coal to Eskom.
The transaction, which sees Seriti acquiring some 92% of South32 s shareholding in South Africa Energy Coal (SAEC), was announced late in 2019. The remaining 8% interest in SAEC will be held by a black economic empowerment consortium led by the Phembani Group.  
The deal – which began with an upfront payment of R100 million last year – will ultimately make Seriti the biggest supplier of coal to troubled state-owned power utility Eskom, which has in the past faced coal supply challenges. Eskom needs over 100 million tons of coal each year to supply its power stations. ....

South Africa , South African , Graham Kerr , Mike Teke , Phembani Group , Africa Energy Coal , Competition Tribunal , Seriti Resources , South Africa Energy Coal , Executive Officer Graham Kerr , கிரஹாம் கெர் , மைக் ட்டேக்கே , போட்டி தீர்ப்பாயம் , நிர்வாகி அதிகாரி கிரஹாம் கெர் ,