FASSI Srl | South32 drops plan to buy $200m Australian coal mine

South32 drops plan to buy $200m Australian coal mine

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Leading metal and coal mining company South32 announced that the company has dropped the plan to buy Peabody Energy’s Metropolitan coal mine worth $200-million in Australia.  The company was not ready to make concessions in favour of Australian steelmakers. South32 CEO Graham Kerr said, “To proceed with the acquisition, in light of the anticipated concessions, would have compromised the […]