South Africa

Seriti Power (SAEC) Operation

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Categories

Overview

Mine TypeOpen Pit & Underground
StatusActive
Commodities
  • Coal (thermal)
Mining Method
  • Truck & Shovel / Loader
  • Dragline
  • Continuous
  • Bord-and-pillar
Production Start... Lock
Mine Life... Lock
SnapshotSAEC has been renamed Seriti Power, and comprises the Pegasus Project, Khutala, Klipspruit, Middelburg Mines Services (MMS) North and South mines, which provide coal to the Kendal and Duhva power stations, as well as export coal via the Richards Bay Coal Terminal.

Fully permitted since May 2019, Pegasus Project is expected to produce around 12.8 million tonnes of run-of-mine coal over a life of mine of six years. The majority of the product will be thermal coal for the export market.
Related AssetsKhutala Mine, Klipspruit Mine, Middelburg Mines Services (MMS) Mine

Owners

SourceSource
CompanyInterestOwnership
Seriti Resources Holdings Proprietary Ltd. 90 % Indirect
Johannesburg, 1 June 2021: Following the fulfilment on 15 May 2021 of all conditions precedent in respect of Seriti’s acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC), Seriti is pleased to advise that the transaction has now closed and that it has assumed management of these operations from 1 June 2021.

SAEC has been renamed Seriti Power, and comprises the Khutala, Klipspruit, and Middelburg Mines Services (MMS) North and South mines, which provide coal to the Kendal and Duhva power stations, as well as export coal via the Richards Bay Coal Terminal. Seriti holds a 90% interest in Seriti Power, while an Employee Trust and Community Trust each hold a 5% interest.

Contractors

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Deposit type

  • Sedimentary

Summary:

Typically, five bituminous coal seams are recognised and are numbered from No.1 Seam at the base to No.5 Seam at the top of the coal-bearing sequence. The coal seams are generally flat to gently dipping and may be subject to floor rolls in places depending on the nature of underlying basement geology. Major seams, particularly No.4 Seam and No.2 Seam, usually split into “upper” and “lower” components and vary in their economic importance across the different operations and development assets.

Igneous intrusions in the form of dolerite dykes and sills are common and affect the coal seams to varying extents depending on locality. Where sills transgress coal seams, the strata overlying the sill is uplifted in elevation by an amount approximately equivalent to the thickness of the sill, resulting in some complex structural configurations.

The Khutala operation is bisected by a major east-west striking graben structure. Elsewhere, faulting is generally uncommon with throws usually less than 3 m. These faults are usually associated with dolerite sill transgressions and with the flanks of basement palaeo-high features.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnits202020192018201720162015
All production numbers are expressed as clean coal.

Production Costs

CommodityUnits2020201920182017
Cash costs (sold) Coal (thermal) USD  ....  Subscribe 40 / t   36 / t   29 / t  
Cash costs Coal (thermal) USD

Financials

Units2020201920182017
Sustaining costs M USD  ....  Subscribe 90   102   56  
Growth Capital M USD  ....  Subscribe 123   62   8  
Capital expenditures M USD  ....  Subscribe 213   164   64  
Revenue M USD  ....  Subscribe 1,037   1,366   1,103  
EBIT M USD  ....  Subscribe -46   276   212  
EBITDA M USD  ....  Subscribe 42   353   273  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 14, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2017
...... Subscription required 2016
...... Subscription required 2015

Aerial view:

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