Seriti Resources Holdings, which is poised to become South Africa’s second-biggest coal producer, may take funding from equipment suppliers and hold off on a listing as the fuel is being shunned by financiers because of its environmental impact. Closely held Seriti has entered into exclusive negotiations to buy South32’s thermal coal assets after starting production in 2017 with mines it bought from Anglo American Plc. It plans to develop the New Largo operation next to Eskom Holdings’ 4 800 MW Kusile power plant.
