South32 Ltd said on Tuesday it remains on track to sell its Illawarra metallurgical coal asset in the first half next year.
Perth, Australia-based diversified mining group late in February agreed to.
South32 Ltd on Thursday said it agreed to its Illawarra metallurgical coal asset to an entity owned by Golden Energy & Resources Pte Ltd and M Resources Pty Ltd for a total USD1.65 billion.
Perth,.
South32 Ltd. (SOUHY.PK, SHTLF.PK), an Australian miner, said on Thursday that it signed a deal to sell Illawarra Metallurgical Coal, an underground mine in New South Wales, to an entity owned by Golden Energy and Resources Pte Ltd or GEAR, and M Resources Pty Ltd or M Resources, for up to $1.
Bens Creek Group PLC said that operational challenges over the recent period had impacted the company s cash flow, forcing it to update funding arrangements with its largest shareholder.
Bens Creek.
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