South32 in exclusive talks to sell South African coal mines to Seriti Resources

South32 is in exclusive talks to sell its South African thermal coal mines to local mining house Seriti Resources, with a modest upfront cash payment and deferred payment mechanism.

“It doesn’t look like South32 expects to make a killing from the sale. If anything, the multinational miner is paying in to offload the business.”mg.co.za

• 1 source
• mg.co.zaCoal divestment hits South AfricaKevin DavieSep 13, 2019

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