Miner Seriti Resources has completed all of the conditions precedent in respect of its acquisition of South32’s South African Coal Holdings (SAEC), with the transaction now closed and Seriti assuming management of these operations from June 1.
SAEC has been renamed Seriti Power, and comprises the Khutala, Klipspruit and Middelburg Mines Services (MMS) North and South mines, which provide coal to Eskom’s Kendal and Duhva power stations.
