South32 Tag

Perth-based mining firm South32 (ASX:S32) has scrapped its US$200 million purchase of a coking coal mine in New South Wales, citing the ‘significant concessions’ needed to gain approval from the competition watchdog. Following South32’s decision to buy the colliery in November 2016, the Australian Competition and...

South32 (ASX, LSE, JSE:S32) has completed a US$200 million purchase of Peabody Energy’s Metropolitan Colliery in New South Wales, Australia. The Australian-based BHP Billiton spin-off, which had been on the hunt for new assets to add to its portfolio for some time, added that the deal...