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SOUTH32 LIMITED - Illawarra Metallurgical Coal Sale Update

Release Date: 28/05/2024 07:31
Code(s): S32     PDF:  
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Illawarra Metallurgical Coal Sale Update

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32; ADR: SOUHY
ISIN: AU000000S320
south32.net


                                               ILLAWARRA METALLURGICAL COAL SALE UPDATE

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) advises that BlueScope Steel (AIS) Proprietary Limited has waived its
pre-emptive right in respect of the sale of Illawarra Metallurgical Coal (Transaction) to an entity owned by Golden Energy and
Resources Pte Ltd and M Resources Pty Ltd1.

The Transaction remains on track to be completed in H1 FY25, subject to the satisfaction of the remaining conditions including Foreign
Investment Review Board approval.

About us

South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources,
improving people's lives now and for generations to come. We are trusted by our owners and partners to realise the potential of
their resources. We produce commodities including bauxite, alumina,aluminium, copper, silver, lead, zinc, nickel, metallurgical coal 
and manganese from our operations in Australia, Southern Africa and South America. We also have a portfolio of high-quality development 
projects and options, and exploration prospects, consistent with our strategy to reshape our portfolio toward commodities that are critical 
for a low-carbon future.



     Investor Relations
     Ben Baker
     T     +61 8 9324 9363
     M     +61 403 763 086
     E     Ben.Baker@south32.net



     Media Relations
     Miles Godfrey
     T      +61 8 9324 9000
     M      +61 415 325 906
     E      Miles.Godfrey@south32.net


Further information on South32 can be found at www.south32.net.

Approved for release to the market by Graham Kerr, Chief Executive Officer
JSE Sponsor: The Standard Bank of South Africa Limited
28 May 2024




1   Refer to market release "Sale of Illawarra Metallurgical Coal" dated 29 February 2024.


Date: 28-05-2024 07:31:00
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