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South32 amends South African energy coal divestment agreement Thu, 1st Apr 2021 07:32 (Alliance News) - South32 Ltd on Thursday said it has changed the terms of its South Africa energy coal divestment agreement after key information regarding negotiations with Seriti Resources Holdings Pty Ltd and Eskom Holdings SOC Ltd ceased to be confidential. On Monday, South32 said it now expects the transfer of its shareholding in South32 SA Coal Holdings Pty Ltd to Seriti to complete following the end of the March quarter. Previously, South32 said it was on track to close the transaction during the March quarter. The deal was agreed back in November of last year, when South32 said it would sell its 92% holding in the coal subsidiary for an upfront payment of ZAR100 million. The consideration also included a deferred payment, with South32 expecting to receive a portion of the cash flow generated by the unit, capped at ZAR1.5 billion.

South africaWestern australiaNew south walesSouth africanGraham kerrEvelina grecenkoLtd onSa coal holdings pty ltd to seritiAlliance newsEskom holdingsSeriti resources holdings pty ltdHoldings pty ltdWestern australia basedExecutive officerAll rightsமேற்கு ஆஸ்திரேலியா