South 32 has offered extra support for S.African coal unit sale to Seriti Resources

  • Reuters
  • Stock Market News
South 32 has offered extra support for S.African coal unit sale to Seriti Resources
Credit: © Reuters.

MELBOURNE, April 1 (Reuters) - South32 Ltd S32.AX said on Thursday it had provided additional support to underpin a sustainable sale of its South African energy coal business to mining group Seriti Resources.

Key elements include $200 million to fund rehabilitation activity at the South African mines and a $50 million facility with a subsidiary of Seriti, South32 said.

South32 said it released more divestment details because it had become aware parts of its negotiations had become public.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100