Nov 27 (Reuters) - South32 Ltd S32.AX :
* TO MANAGE SOUTH AFRICA ENERGY COAL (SAEC) AS STAND-ALONE BUSINESS FROM APRIL 2018
* SAEC REQUIRES ONGOING INVESTMENT TO SUSTAIN PRODUCTION AND MEET ITS TAKE OR PAY RAIL AND DOMESTIC SUPPLY OBLIGATIONS
* SAEC WILL CONTINUE TO BE CONSOLIDATED IN GROUP'S FINANCIAL STATEMENTS ON A 100% BASIS UNTIL THERE IS A CHANGE IN CONTROL
* MAY ULTIMATELY LIST SOUTH AFRICA ENERGY COAL ON JOHANNESBURG STOCK EXCHANGE