South32 Ltd. (AU:S32) has released an update.
South32 Limited has announced that its sale of Illawara Metallurgical Coal to a consortium involving Golden Energy and Resources Pte Ltd and M Resources Pty Ltd has been approved by the Australian Foreign Investment Review Board. With this significant regulatory hurdle cleared, the company now anticipates completing the transaction in the first quarter of FY25, pending remaining foreign merger clearances. South32, a global mining and metals company, is involved in producing various essential commodities and is moving towards resources crucial for a low-carbon future.
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