Billionaire Widjaja Family, Partner To Buy Australian Coal Mine For $1.65 Billion forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Australia-based diversified metals producer South32 has agreed to sell its Illawarra metallurgical coal operations in New South Wales state to an entity owned by Singapore-based Golden Energy and Resources (Gear) and Australia's M Resources for $1.65bn.
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,.
Australian mining company South32 has signed a binding agreement to divest its Illawarra Metallurgical Coal operations to Golden Energy and Resources (GEAR) and M Resources for $1.65bn.
John Ziegler, the Senior Vice President & Chief Administrative Officer of Arch Resources Inc (NYSE:ARCH), sold 3,299 shares of the company on February 26, 2024.