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Seriti inks deal for South32's coal assets

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Seriti Resources has reached a deal with South32 for the miner's coal assets. The agreement stipulates that Seriti will provide South32 with an upfront payment of R100 million and 49% of the free cash flow from the assets until March 2024. That component of the deal will however be capped at a maximum of R1.5 billion a year. Business Day TV spoke to the CEO of Seriti Resources, Mike Teke about what this deal means for the company.
6 Nov 2019 1AM English South Africa Business · Business News

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