South32 expects South African thermal coal exit after March quarter
2021-03-31 10:07:02 [Print]
Australia's South32 Ltd. said on Monday sale process of its South African thermal coal business is now expected to be completed after the March quarter, amid contract negotiations between the miner and electricity generator Eskom.
South Africa's antitrust tribunal in December approved the sale, clearing a key hurdle for sealing the deal.
However, terms are yet to be agreed upon for a supply deal between South32 and South African electricity generator Eskom, the largest consumer of thermal coal in the country.
South Africa's antitrust tribunal in December approved the sale, clearing a key hurdle for sealing the deal.
However, terms are yet to be agreed upon for a supply deal between South32 and South African electricity generator Eskom, the largest consumer of thermal coal in the country.
