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South32 expects loss of up to $175 mln from S.African coal unit sale


AfricaSouth32 expects loss of up to $175 mln from S.African coal unit sale
Reuters
2 minute read
Australian miner South32 Ltd (S32.AX) said it was expecting to book a loss of up $175 million from the sale of its South African thermal coal assets, which was finalised with mining group Seriti Resources on Monday.
The deal would allow South32 to reorganise its business by exiting energy coal at a time when many banks and insurers are scaling back financing for the sector because of global warming concerns.
South32 had announced the divestiture in November 2019 and terms of a coal supply deal with state-run South African power provider Eskom, while approval from the South African Treasury had delayed its closure. ....

South Africa , United States , South African , Africa Seriti , Peter Oconnor , Graham Kerr , Thomson Reuters Trust Principles , Seriti Resources , South African Treasury , Shaw Partners , North America , Executive Officer Graham Kerr , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , பீட்டர் ஒக்கொன்னோர் , கிரஹாம் கெர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஷா கூட்டாளர்கள் , வடக்கு அமெரிக்கா , நிர்வாகி அதிகாரி கிரஹாம் கெர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Why is the Zip (ASX:Z1P) share price falling on hard times?


Why is the Zip (ASX:Z1P) share price falling on hard times?
Aaron Teboneras | May 3, 2021 9:16am |
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The
Zip Co Ltd(ASX: Z1P) share price has been on a downward trend over the last couple of months. This comes despite the company reporting a robust result for the third quarter (Q3) of FY21 while pushing ahead with its expansion efforts.
At Friday’s market close, Zip shares were trading hands at $8.06, down almost 10% for the week.
Below, we take a closer look at what could be weighing down the company’s share price.
What’s with the Zip share price? ....

United States , New Zealand , Peter Gray , Larry Diamond , States Quadpay , Scott Phillips , Co Ltd , Zip Co Ltd , Shaw Partners , Motley Fool Share Advisor , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , பீட்டர் சாம்பல் , லாரி வைரம் , ஸ்காட் பிலிப்ஸ் , இணை லிமிடெட் , ஸிப் இணை லிமிடெட் , ஷா கூட்டாளர்கள் ,