South32 (ASX: S32) gets WA coal import go ahead

South32 will be allowed to import coal into Western Australia, following confirmation from the WA government it would not stand in the way despite ruling imports out three years ago.

The government have reversed a decision ruling out coal imports three years ago following Griffin Coal going into receivership earlier this week, leaving a short supply to South32’s Worsley alumina refinery and the Bluewaters Power plant.

The Company’s ASX shares will open at $4.

About South32

South32 is a mining and metals company headquartered in Perth, Western Australia. It was spun out of BHP Billiton on 18 May 2015. It is listed on the Australian Securities Exchange with secondary listings on the Johannesburg and London Stock Exchanges