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Australia's South32 in Talks to Sell South Africa Coal Unit to Seriti Resources

Coal News - Published on Fri, 23 Aug 2019

Image Source: The West Australian
Reuters quoted Australia’s South32 Ltd as saying that it was in talks to sell its South Africa energy-coal business to Seriti Resources and will book a related charge of USD 504 million. The charge will be reflected in the company’s annual results due later in the day.

South32 has been running its South African energy coal business as a separate unit since April 2018 in preparation for a sale.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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