Just two-and-a-half years after its demerger from BHP, South32 said it planned to split South African Energy Coal from its diversified mining portfolio and run it as a stand-alone business from April 2018.
The decision comes ahead of plans to reduce its interest in the thermal coal assets, possibly through a separate Johannesburg listing of South African Energy Coal (SAEC).
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
