https://www.miningweekly.com
Africa|Coal|Industrial|Mining|Resources
Africa|Coal|Industrial|Mining|Resources
africa|coal|industrial|mining|resources

Tribunal approves Seriti’s buyout of IDC’s New Largo shares

26th May 2022

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Tribunal has approved the deal whereby coal miner Seriti Resources Holdings, through its Seriti New Largo subsidiary, intends to acquire the shares of New Largo Coal currently held by the Industrial Development Corporation (IDC) of South Africa.

Seriti New Largo is a wholly-owned subsidiary of Seriti Resources.

New Largo Coal is a jointly controlled entity between Seriti Resources (67.5%) and the IDC (22.5%) and holds the New Largo mining right over a resource of 585-million tonnes of coal, in Mpumalanga.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.136 0.183s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: