SeritiZA
Mining & Metals - Johannesburg, Gauteng, South Africa
SeritiZA Details
Seriti is a broad-based, 91% black-owned and controlled coal mining company. Seriti, through its operating subsidiary, Seriti Coal Pty Ltd, currently operates three large-scale, opencast and underground thermal coal mines, the New Vaal, New Denmark and Kriel mines, which it acquired from Anglo American, as well as various life extension coal resources and closed collieries. Together with its partners, Seriti intends to develop its New Largo project into a large-scale, opencast coal mine capable of providing the base load fuel requirements for Kusile Power Station. Seriti is co-owned by four anchor shareholders – Community Investment Holdings (CIH), Masimong, Zungu Investments (Zico) and Thebe. It is Seriti's philosophy that 10% of its equity be ring-fenced equally for the benefit of employees and communities through employee and community trusts.As a responsible South African coal miner, Seriti has a proven track record in the acquisition, operation and development of large-scale opencast and underground coal mines. Guided by experienced board and management teams, Seriti maintains a principle focus on its long-term commitment to the domestic market and, in particular, the reliable provision of coal to Eskom.
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