Illawarra coal sale unconditional, says South32
SOUTH32 said the sale of its Illawara Metallurgical Coal operations in Australia would be concluded in early September after announcing today the $1bn deal was unconditional.…
Europe’s coal grab raises uncomfortable questions about energy transition
GRAHAM Kerr has no regrets about taking South32 out of thermal coal last year. Despite the meteoric price rise for the fuel following Russia’s invasion of Ukraine – which has…
South32 registers strong cash contribution from SA manganese in fourth quarter burst
SOUTH32’s South African manganese operations, held in joint venture with Anglo American, recorded a strong finish to the firm’s 2022 financial year as sales were 17% higher…
Exxaro CEO Mgojo to step down year early leaving diversification to designate Nombasa Tsengwa
EXXARO Resources CEO, Mxolisi Mgojo is to relinquish his role a year early paving the way for CEO in waiting Nombasa Tsengwa to lead the company from August. In terms of…
South32 plans to end Eskom dependence as energy deregulation gathers pace
GLOBAL diversified minerals group South32 is investigating the viability of sourcing continuous renewable power for its massive Hillside aluminium smelter once its 10-year…
Thungela’s performance belies challenge SA coal producers face amid climate change
THUNGELA Resources last week produced strong interim numbers underpinning the performance of its share price since listing in Johannesburg in June: an improvement in three months…
South32 circumvents Transnet rail logjams with “opportunistic, higher cost” trucking
SOUTH32 posted strong production numbers at its South African and Australian manganese operations and record alumina production from its Worsley refinery in Western Australia in…