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BlueScope bows out of Illawarra coal purchase

South32 assets can now be taken over by M Resources and Golden Energy and Resources

Joshua Smith
The Illawarra metallurgical coal oepration. Credit: Credit: South32

The Illawarra metallurgical coal oepration. Credit: Credit: South32

Australia's biggest steelmaker, BlueScope, has walked away from a potential A$2.5 billion purchase of South32's Illawarra metallurgical coal division, allowing for the assets to be snapped up by Brisbane-based...

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