Edition:
United Kingdom

South32 To Manage South Africa Energy Coal As Stand-Alone Business


Monday, 27 Nov 2017 

Nov 27 (Reuters) - South32 Ltd ::TO MANAGE SOUTH AFRICA ENERGY COAL (SAEC) AS STAND-ALONE BUSINESS FROM APRIL 2018​.‍SAEC REQUIRES ONGOING INVESTMENT TO SUSTAIN PRODUCTION AND MEET ITS TAKE OR PAY RAIL AND DOMESTIC SUPPLY OBLIGATIONS​.‍SAEC WILL CONTINUE TO BE CONSOLIDATED IN GROUP'S FINANCIAL STATEMENTS ON A 100% BASIS UNTIL THERE IS A CHANGE IN CONTROL​.‍MAY ULTIMATELY LIST SOUTH AFRICA ENERGY COAL ON JOHANNESBURG STOCK EXCHANGE.