Completion of South Africa Energy Coal Divestment

RNS Number : 4112A

South32 Limited

01 June 2021

 

1 June 2021

South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN:  AU000000S320 south32.net

COMPLETION OF SOUTH AFRICA ENERGY COAL DIVESTMENT

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to announce that divestment of its 100% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal) to Seriti Resources Holdings Proprietary Limited (Seriti) and two trusts for the benefit of employees and communities[1] was successfully completed on 1 June 2021.

About South32

South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources. We produce bauxite, alumina, aluminium, metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. With a focus on growing our base metals exposure, we also have two development options in North America and several partnerships with junior explorers around the world.

Further Information
Investor Relations
Alex Volante T   [phone] M   [phone] E  [e-mail]	Tom Gallop T   [phone] M   [phone] E  [e-mail]
Media Relations
Rebecca Keenan T   [phone] M   [phone] E  [e-mail]	Jenny White T   [phone] M   [phone] E  [e-mail]

Further information on South32 can be found at www.south32.net .

Approved for release by Nicole Duncan, Company Secretary
JSE Sponsor:  UBS South Africa (Pty) Ltd
1 June 2021

 

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[1] Refer to the market announcement "Agreement to divest South Africa Energy Coal" dated 6 November 2019. Purchaser includes Thabong Coal Proprietary Limited, a wholly-owned subsidiary of Seriti and two trusts for the benefit of employees and communities.

 

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