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-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
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 to sell aluminium assets to Alcoa for $4.1bn
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in…
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…
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…
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…
Mantashe wants commodity price-linked electricity tariffs
MINISTER of Mineral and Petroleum Resources Gwede Mantashe on Thursday raised the possibility of negotiating electricity tariffs linked to commodity prices in an effort to…
From Crapco to mid-tier copper play, Kerr’s says South32 is unique
IT’S 10 years since BHP demerged production in coal, aluminium and silver into a company that became South32 — so named owing to its exposure to southern hemisphere assets. The…
South32 CEO would welcome mining sector megadeals
SOUTH32 would welcome an increase in mining sector mergers and acquisitions as it would create collateral opportunities for the company. “From our point of view, there’s nothing…
South32 backs future with $200m share repurchase plan
SOUTH32 CEO Graham Kerr says the company is well-positioned after its full-year financial results beat market expectations. For the 12 months to June 30, the ASX-listed company…
South32 manganese record eclipsed by $818m write-down
SOUTH32 said on Monday manganese ore production from its Northern Cape mines hit a record 2.18 million tons for the group’s 2024 financial year ended June. But this was small…
SA assets deliver for South32 as a cyclone hammers its Australian manganese operations
South32’s South African aluminium and manganese operations both delivered record production levels during the March quarter which saw major damage done by a tropical cyclone to…
South32 reports aluminium build at congested Richards Bay
SOUTH32 said port congestion at Richards Bay had contributed towards a $275m working capital build at the midpoint of its 2024 financial year. Commenting in its second quarter…
South32 manganese off to strong start but shipping backlogs loom
SOUTH32 said manganese ore production from its South African mines reported a strong start to its 2024 financial year but the Perth-headquartered business registered an increase…
What does Mike Fraser as CEO mean for Gold Fields?
GOLD Fields has a new leader. But much to the market’s relief, strategy is not expected to change. Mike Fraser, a former BHP and South32 executive who will take the helm in…
South32 in quest to find green energy for Hillside – fast
South32 is in a race against time to find green energy for its Hillside aluminium smelters in KwaZulu-Natal’s, Richards Bay if the diversified miner wants to guarantee access to…
South32 lifts SA manganese sales as truck, rail availability improves
SOUTH32 said there was an improvement in fourth quarter sales from South Africa with volumes increasing on road and rail despite persistent challenges at Transnet, the country’s…