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