UNDERGROUND

South32 to sell Illawarra Met Coal in US$1.65B deal

The sale will finally get South32 out of the coal space

Illawarra Metallurgical Coal's assets include the Appin and Dendrobium collieries in NSW.

Illawarra Metallurgical Coal's assets include the Appin and Dendrobium collieries in NSW. | Credits: South32

SOUTH32 has entered into a binding agreement to sell its Illawarra Metallurgical Coal subsidiary in New South Wales to an entity owned by Golden Energy and Resources and coal baron Matt Latimore's M Resources....

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