10
Jul
03:47
South32 receives FIRB approval to sell Illawarra
Australian miner South32 has received Australian Foreign Investment Review Board (FIRB) approval to sell Illawarra metallurgical coal in New South Wales to an entity owned by Golden Energy and Resources and M Resources for $1.65 billion, Kallanish notes.
South32 says in a statement that the Transaction is now expected to be completed in the first quarter of FY25, subject to the receipt of the remaining foreign merger clearances.
In February, Sou…
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