South African mining tycoon Mike Teke sees strong long-term coal demand despite energy transition
Mike Teke of Seriti maintains coal demand won’t fade, leaning on efficiency, cost-plus deals, and exporting amid energy-transition pressures.
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Mike Teke of Seriti maintains coal demand won’t fade, leaning on efficiency, cost-plus deals, and exporting amid energy-transition pressures.
South African tycoon Mike Teke urges financiers to back responsible coal funding, saying the resource remains key to energy security and growth.
Mike Teke’s Seriti Trust invests $1.1 million in early learning centers, boosting education access and skills for vulnerable children in mining regions.
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
With this new mine, Seriti cements its lead as the largest black-controlled coal producer while securing a stable, long-term coal supply for power stations.
Seriti Resources Holdings is a leading coal company.
Teke, CEO of Seriti Resources, said the deal will facilitate the decarbonization of South Africa’s energy grid.
The investment is a watershed moment for Seriti.
Teke is the founder of Masimong Group and one of Seriti Resources Holdings’ four shareholders.