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Australian miner South32 to sell met coal business, focus on transition to low-carbon future

February 29, 2024 Comments Off

Australia-listed miner South32 said Feb. 29 that it will sell its Illawarra metallurgical coal business in Australia for up to $1.65 billion, a move it said will allow to reshape its portfolio and focus on commodities critical in the transition to a low-carbon future. The Illawarra met coal business will be sold to an entity held by Golden Energy and…