BlueScope approves Illawarra Metallurgical Coal sale to Golden Energy and M Resources.
BlueScope will not purchase Illawarra Metallurgical Coal from South32, instead supporting its sale to new owners Golden Energy and Resources, and M Resources. As part of a 30-year supply deal, BlueScope had the right to approve the sale, or purchase the coal miner at the same price. BlueScope approves the sale and looks forward to working with the new owners as long-term suppliers to the Port Kembla Steelworks.
May 28, 2024
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