Source: Miningmx

Seriti: Seriti to retrench Klipspruit miners in order to save group - report

COAL miner Seriti Power is considering laying off around 600 employees at its Klipspruit colliery in South Africa's Mpumalanga province or face imperilling the group. Citing a letter by the mine's manager, News24 said a combination of Transnet woes, a decline in domestic coal prices and related operational issues had sent Klipspruit's delivered cost to [...] The post Seriti to retrench Klipspruit miners in order to save group - report appeared first on Miningmx.

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Est. Annual Revenue
$100-500M
Est. Employees
10-50K
Mike Teke's photo - CEO of Seriti

CEO

Mike Teke

CEO Approval Rating

50/100

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