South32, the Australian miner that has offloaded its thermal coal assets to Seriti Resources, says it was deliberate about seeking out a black-owned entity to take over the mines as the group now prepares to focus on low-carbon base metals. The company described the divestment, which is expected to be concluded in June, as a "transformative milestone" for the company, as it fits South Africa's transformation agenda. "We were seeking a black-owned and operated company to acquire South Africa Energy Coal, consistent with South Africa's transformation agenda.