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South Africa’s Seriti Resources Wins Bid for South32 Coal Assets

  • South Africa Energy Coal unit came up for sale last year
  • Finalized sale will increase holdings of black-owned miner
Updated on

Seriti Resources, a South African mining company, won a bid to acquire South32 Ltd.’s thermal-coal assets in the country, according to two people familiar with the process.

Final offers were in a range of $300 million to $350 million, according to one of the people, who asked not to be identified because the information isn’t public.