Announced
Financials
Tags
coal mining
Australia
Coal
Acquisition
Majority
Private
Pending
Friendly
Single Bidder
Cross Border
Synopsis
Golden Energy and Resources, a mining company, and M Resources, a metallurgical coal industry services provider, agreed to acquire Illawarra Metallurgical Coal from South32, a mining and metals company, for $1.3bn. "This transaction will realise significant value for our shareholders and is consistent with our strategy to reshape our portfolio toward commodities critical in the transition to a low-carbon future,” Graham Kerr, South32 CEO.
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