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South32 copper output down 15% in 3rd quarter; keeps outlook

South32 Ltd on Monday reported a mixed production performance for the third quarter, with copper output down sharply, but kept its annual production guidance unchanged, with the exception of estimate...

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Australian Miner South32 Greenlights $2.16 Billion US Zinc Mine as Profits Slump

Australian Miner South32 Greenlights $2.16 Billion US Zinc Mine as Profits Slump
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Move could put AZ in driver's seat of the clean energy race | Local

South32’s Hermosa project received Board approval of $2.16 billion in funding Wednesday to develop the zinc-lead-silver deposit at its Southern Arizona project site.

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Australian miner South32 greenlights $2.16bn US zinc mine as profits slump

The miner announced final investment approval for the Taylor deposit at the Hermosa site in Arizona, with production to start in 2027, it said in a statement.

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South32 production performance mixed in first half

South32 Ltd said on Monday market conditions had improved as it entered the second half of its financial year after delivering mixed production performance in the first six months.

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Hydrogen could replace coking coal in two decades, South32 says

'Beyond the next couple of decades, there will be innovations that occur in the steel space --particularly in green hydrogen.'

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South32, Alcoa to restart Alumar aluminum smelter in Brazil

South32 said on Thursday it would spend about $70 million to restart the Alumar smelter.

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Sumitomo to sell Chilean copper mine stakes to South32 for $1.55b

Sumitomo to sell Chilean copper mine stakes to South32 for $1.55b
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Sumitomo to sell Chilean copper mine stakes to South32 for around $1.5bn

Sumitomo Metal Mining and Sumitomo Corp have agreed to sell their stakes in the Sierra Gorda copper mine.

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South32 expects loss of up to $175 mln from S.African coal unit sale

AfricaSouth32 expects loss of up to $175 mln from S.African coal unit sale
Reuters
2 minute read
Australian miner South32 Ltd (S32.AX) said it was expecting to book a loss of up $175 million from the sale of its South African thermal coal assets, which was finalised with mining group Seriti Resources on Monday.
The deal would allow South32 to reorganise its business by exiting energy coal at a time when many banks and insurers are scaling back financing for the sector because of global warming concerns.
South32 had announced the divestiture in November 2019 and terms of a coal supply deal with state-run South African power provider Eskom, while approval from the South African Treasury had delayed its closure.

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