CAPITAL MARKETS

South32 takes profit hit, chooses SA coal buyer

SOUTH32 has posted a 71% drop in full-year net profit after tax to US$389 million.

South32 CEO Graham Kerr

South32 CEO Graham Kerr

The fall was largely the result of a $504 million impairment on the company's South Africa Energy Coal division. South32 announced today it had entered into exclusive negotiations with majority black-owned...

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