South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
South32 looking at “various options” with Mozal stake
SOUTH32 said on Monday it was considering its options with respect to its 63.7% stake in the Mozal aluminium smelter in Mozambique amid speculation South Africa’s Industrial…
South32 and Eskom in talks over Hillside smelter power supply following closure of Mozal
South32 and Eskom have stepped up negotiations to establish a new electricity supply agreement for the Hillside Aluminium smelter in Kwa-Zulu Natal following the closure of the…
South32 pumps aluminium output to seize high prices
SOUTH32, the global metals producer, is pulling out all stops to take advantage of aluminium prices at four-year highs, even as the Middle East conflict pushes up input costs. As…
From millstone to option value: How SA has changed for Anglo
THE perceived regulatory and social risks of South Africa used to weigh heavily on Anglo American’s investment rating. Known as the ‘South African discount’, Anglo executives…
South32 too risky for predators, says outgoing CEO
AN estimated $34bn in deals has gripped the mining sector since 2024, according to Canadian law firm Dentons. Efforts to consolidate ownership and strip back complicated…
South32 to incur $60m cost as Mozal mothballed
SOUTH32 said on Monday it had put its 63.7%-owned, 320,000 ton a year Mozal aluminium smelter in Mozambique on care and maintenance, effective March 15. Costs associated with the…
South32 confirms Mozal closure with loss of 4,000 jobs
SOUTH32 confirmed its Mozambique aluminium smelter Mozal will be put on care and maintenance next month amid last minute efforts by local authorities to deliver a price for…
From DRD to Gold Road: the quiet rise of Ian Murray
This article was first published in The Mining Yearbook 2025 Some people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally,…
Pressure on Eskom as South32’s Mozal edges towards closure
PRESSURE on Eskom, South Africa’s main electricity supplier, to come up with more affordable power tariffs for more of its industrial customers has intensified after South32 said…
South32 open to more portfolio changes, says new chair
SOUTH32 chair Karen Wood will retire early next year after six years in the role, with mining veteran and former Anglo American CFO Stephen Pearce set to lead the West Australian…
South32 draws blank on Mozambique smelter talks
SOUTH32 said it had drawn a blank with the Mozambican government regarding the future of the 370,000 tons a year Mozal aluminium smelter. The miner announced in August it would…
South32 welcomes US Govt to Ambler exploration play
SOUTH32 welcomed the investment of the US government in the Ambler mining district in which the Sydney- and Johannesburg-listed miner has a joint venture. The White House…
From DRD to Gold Road: the quiet rise of Ian Murray
SOME people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally, there are individuals who get to do both. Enter Ian Murray,…
South32 warns no way back for Mozal after March shuttering
SOUTH32 was “ready and willing” to resume discussions on a new power tariff for its Mozal aluminium smelter scheduled to close in March, but it also warned the facility would not…
South32 to mothball Mozal after drawing blank on power deal
SOUTH32 is to start winding down operations at the Mozal Aluminium smelter in Mozambique in anticipation of the operation being placed on care and maintenance from March 2026. As…
South32 poaches new CEO from Anglo American
SOUTH32 has appointed Matthew Daley, an Anglo American executive with extensive copper experience, as its new CEO to succeed Graham Kerr, who has led the company since its…
Anglo appoints Tom McCulley as new technical director
ANGLO American said Tom McCulley would become its new technical director, following Matt Daley’s decision to pursue a senior executive role outside the company. Daley is to join…