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Here's why the South32 (ASX:S32) share price is up today %


The
South32 Ltd(ASX: S32) share price is on the rise in early morning trade after the company made three announcements this morning.
The metals and mining company first released a mineral resource update from its Hermosa Project. Then it announced it will face a US$728 million pre-tax impairment charge for its Illawarra Metallurgical Coal operations. Finally, South32 released a report detailing its activities over the recent quarter.
Right now, the South32 share price is $2.88 – 2.49% higher than its closing price yesterday.
Let’s start by taking a look at South32’s quarterly report.
The news driving the South32 share price ....

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South32 (ASX:S32) share price rises amid coal mine decision appeal


South32 (ASX:S32) share price rises amid coal mine decision appeal
Marc Sidarous | May 7, 2021 4:13pm |
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The
South32 Ltd (ASX: S32) share price edged higher today. The company was in focus after news filtered through it has lodged an appeal against the New South Wales Independent Planning Commission (IPC) over its decision to block an extension of South 32’s Dendrobium coal mine.
By the market’s close, shares in the metals and mining company were trading at $2.99 – up 0.34%. Similarly , the
Let’s take a closer look at today’s developments.
Case background
Back in February, the IPC blocked a decision by the state Department of Planning to approve South32’s $956 million plan to extend the life of the Dendrobium coal mine to 2048 and extract an additional 78 million tonnes of coal from the site. ....

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Glencore to acquire Germany's lead producer Weser-Metall


28 Apr 2021 (Last Updated April 28th, 2021 10:42)
Glencore has reportedly agreed to acquire insolvent Germany-based lead producer Weser-Metall for an undisclosed sum.
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The Weser-Metall plant produces about 105,000t of lead annually. Credit: DIEGO EFRAIN CADILLO TRUJILLO from Pixabay.
Glencore has reportedly agreed to acquire insolvent Germany-based lead producer Weser-Metall for an undisclosed sum.
The Lower Saxony Environment Ministry in Germany and Glencore were cited by Reuters as saying that the deal will be carried out via a new company, Nordenham Metall, which will also absorb Weser-Metall’s employees.
Based in Nordenham, Weser-Metall is claimed to be one of Europe’s main lead producers. ....

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