South32

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.

South32 has awarded SCHADE Lagertechnik GmbH an engineering order for a harrow modification at the Douglas-Middelburg Optimization coal mine in South Africa, to increase bridge reclaimer capacity from 1800 tph to 2400 tph.

Sumitomo Corporation agreed to sell its stakes in Chilean copper mines to South32 for approximately $1.5 billion.