Singapore's GEAR secures $850m for South32's Australian coking coal assets

Singapore's GEAR secures $850m for South32's Australian coking coal assets

Photo by Vladimir Solomianyi on Unsplash.

A consortium led by Singapore’s Golden Energy and Resources has secured $850 million to buy South32’s Australian coking coal assets, two sources told Reuters, as private credit continues to fill a funding gap for the largely unbanked sector.