South32 Limited Illawarra Metallurgical Coal Sale Update
05 Julio 2024 - 1:33AM
RNS Regulatory News
RNS Number : 3097V
South32 Limited
05 July 2024
5 July 2024
South32
Limited
(Incorporated in Australia under the Corporations Act
2001 (Cth))
(ACN 093
732 597)
ASX / LSE
/ JSE Share Code: S32; ADR: SOUHY
ISIN:
AU000000S320
south32.net
ILLAWARRA METALLURGICAL COAL
SALE UPDATE
South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY)
(South32) advises that the sale of
Illawarra Metallurgical Coal (Transaction) to an entity owned by
Golden Energy and Resources Pte Ltd and M Resources Pty
Ltd[1] has received Australian Foreign
Investment Review Board approval.
The Transaction is now expected to
be completed in Q1 FY25, subject to the receipt of the remaining
foreign merger clearances.
About us
South32 is a globally diversified
mining and metals company. Our purpose is to make a difference by
developing natural resources, improving people's lives now and for
generations to come. We are trusted by our owners and partners to
realise the potential of their resources. We produce commodities
including bauxite, alumina, aluminium, copper, silver, lead, zinc,
nickel, metallurgical coal and manganese from our operations in
Australia, Southern Africa and South America. We also have a
portfolio of high-quality development projects and options, and
exploration prospects, consistent with our strategy to reshape our
portfolio toward commodities that are critical for a low-carbon
future.
Further information on South32 can
be found at www.south32.net.
Approved
for release to the market by Claire Tolcon, Company Secretary
JSE Sponsor: The Standard Bank of South Africa Limited
5 July 2024
[1] Refer to
market release "Sale of Illawarra Metallurgical Coal" dated 29
February 2024.
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