Page 14 - Africa Energy Coal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ASX to rise; Tabcorp gets $3 5b proposal, Bingo in $2 3b MIRA deal

ASX to rise; Tabcorp gets $3 5b proposal, Bingo in $2 3b MIRA deal
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

South africaUnited statesMark vassellaNeil verdal austinJosh frydenbergSarah turnerWilliam mcinnesMalcolm turnbullVesna poljakRichard hendersonTom richardsonGraham kerrDavid kirkCerro matosoAfrica energy coalViva energy

Seriti rejects calls for probe into South32 deal that will make it Eskom s largest coal supplier

Seriti rejects calls for probe into South32 deal that will make it Eskom s largest coal supplier
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

South africaWilliam mabapaAfrica energy coalNational union of mineworkersAfrican federation of trade unions saftuNational unionSouth african federationTrade unionsSeriti resourcesSouth africa energy coalதேசிய தொழிற்சங்கம்வர்த்தகம் தொழிற்சங்கங்கள்

South32 Closer To Being Free Of SAEC

South32 Closer To Being Free Of SAEC 10:00 AM As widely suspected, South32 has agreed on a last-minute revamping of the sale of South Africa Energy Coal, allowing greater focus on more prospective resources -Earnings momentum improving -More appealing to a wider range of investors By Eva Brocklehurst The time is approaching when South32 ((S32)) will be unshackled from South Africa Energy Coal but not without a final revamping of the sales agreement in order to improve the sustainability of that business under its new owner. Free of these large thermal coal assets, South32 will be able to concentrate on its more prospective resources such as manganese, nickel and silver, all of which are experiencing robust prices.

South africaFree stateEva brocklehurstAfrica energy coalSouth africa energy coalOrd minnettIllawarra coalஇலவசம் நிலைஈவா ப்ரோக்கலிஹுர்ஸ்ட்இல்லவர்ற நிலக்கரி

South32 releases update regarding shareholding transaction with Seriti

Advertisement South32 Ltd has provided an update regarding the transfer of its shareholding in South32 SA Coal Holdings Proprietary Ltd (South Africa Energy Coal) to Seriti Resources Holdings Proprietary Ltd. The transaction is expected to be concluded following the end of the March 2021 quarter. South32 advises that it has become aware that key information regarding negotiations between South32, Seriti, and Eskom Holdings SOC Ltd has ceased to be confidential ahead of finalising arrangements to satisfy the final material conditions to the transaction. In this regard, and conditional on Eskom’s final approval, the approval of National Treasury for amendments to the terms of the Duvha Coal Supply Agreement and the completion of the transaction, South32 has committed to providing additional support to underpin the sustainability of the South Africa Energy Coal business under the ownership of Seriti. The key elements include:

South africaSouth africanGraham kerrAfrica energy coalEskom holdingsNational treasuryHoldings proprietary ltdSouth africa energy coalSeriti resources holdings proprietaryDuvha coal supply agreementExecutive officerகிரஹாம் கெர்தேசிய கருவூலம்ஹோல்டிங்ஸ் ப்ரொப்ரைடரீ லிமிடெட்நிர்வாகி அதிகாரி

South32 to pay $250m to close South African Energy Coal business deal

5 April 2021 (Last Updated April 5th, 2021 12:02) Mining firm South32 has agreed to pay $250m in cash to mining group Seriti Resources to complete the sale of South African Energy Coal (SAEC) business. Seriti Resources to acquire South32’s South African Energy Coal business. Credit: Markus Distelrath from Pixabay. Share Article Mining firm South32 has agreed to pay $250m in cash to mining group Seriti Resources to complete the sale of South African Energy Coal (SAEC) business. To support the sustainability of the SAEC business under Seriti ownership, South32 will make a payment of $200m to Seriti for the rehabilitation of coal assets, with the first instalment planned to be made in July this year.

South africaSouth africanGraham kerrAfrica energy coalAfrican energy coalSeriti resourcesSouth african energy coalSouth africa energy coalகிரஹாம் கெர்