31
Jul
02:37
South32 to complete Illawarra coal sale in September
Australian miner South32 is expected to complete the sale of Illawarra metallurgical coal assets around 2 September 2024, Kallanish notes.
The firm says in a statement that all conditions precedent to the sale of Illawarra metallurgical coal to an entity owned by Golden Energy and Resources and M Resources have been satisfied. Accordingly, the transaction is now unconditional.
On completion, the firm will receive an upfront cash consideration of $1.05 billion, le…
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