Nov 27 (Reuters) - SOUTH32 LTD S32.AX :
* HAS APPROVED 4.3 BILLION SOUTH AFRICAN RAND (US$301M) 1 KLIPSPRUIT LIFE EXTENSION PROJECT (KPSX) AT SOUTH AFRICA ENERGY COAL
* DEVELOPMENT ACTIVITY IS EXPECTED TO COMMENCE IN CURRENT QUARTER WITH FIRST COAL EXPECTED FROM OPEN-CUT OPERATION IN FY19