South32 Ltd - Perth-based diversified mining group - Says the sale of its Illawarra metallurgical coal to an entity owned by Golden Energy & Resources Pte Ltd and M Resources Pty Ltd has received Australian Foreign Investment Review Board approval. South32 first announced the proposed deal late in May. Expects the transaction to be completed in the first quarter next year, subject to the receipt of the remaining foreign merger clearances.

Current stock price in London: 205.50 pence, down 0.5% on Friday morning

12-month change: up 2.1%

Current stock price in Johannesburg: R 47.61, down 1.6%

12-month change: down 1.4%

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