Golden Energy and Resources and M Resources completed the acquisition of Illawarra Metallurgical Coal from South32 for $1.65bn.

Golden Energy and Resources, a mining company, and M Resources, a metallurgical coal industry services provider, completed the acquisition of Illawarra Metallurgical Coal, a producer of high-quality metallurgical coal, from South32, a mining and metals company, for $1.65bn. "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.