JOHANNESBURG: Exxaro Resources Ltd and Seriti Resources are among companies considering bidding for South32 Ltd’s South African thermal coal operations, which have been valued at almost US$800mil, according to people familiar with the matter.
South32’s South Africa Energy Coal unit, the country’s third-biggest exporter of the fuel, was split into a standalone business earlier this year in preparation for a sale. South32 is soliciting expressions of interest for the assets and MTN Group Ltd.
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