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South32 formalises South African coal sale

South32 has entered into a binding agreement with Seriti Resources Holdings over the sale of the non-core South Africa Energy Coal division.

South32 formalises South African coal sale South32 formalises South African coal sale South32 formalises South African coal sale South32 formalises South African coal sale South32 formalises South African coal sale

South32 says SAEC is non-core

South32 and Seriti entered into exclusive negotiations for the transaction in August after South32 flagged its potential exit last year.

Seriti will pay South32 100 million rand (US$6.