Australian miner sells SA coal assets to blackowned group ...
The Australian group South32 [JSE: S32], which was unbundled from BHP Billiton in 2015, has sold its 92% stake in South Africa Energy Coal to a group of local investors.. South Africa Energy Coal has four coal mines and three processing plants near eMalleni and Middelburg in Mpumalanga. South32 owns almost 91% in SAEC, while a BBBEE consortium owns the rest.