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South32 owns 92 per cent of South Africa Energy Coal with the remaining eight per cent held by a Broad Based Black Economic Empowerment consortium led by Phembani Holdings We will seek to increase the local ownership of SAEC consistent with our commitment to South Africa
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South Africa exports about 30 of its coal production and is the fifth largest global coal exporter Most of South Africa s coal exports are sent to Asia with India being the largest recipient South Africa exported about 30 of its coal production 85 MMst in 2016 making it the world s fifth largest global coal
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