South32 delivered a stronger FY26 financial performance , with underlying revenue rising 7 per cent to USD 8.11 billion, reinforced by higher commodity prices and stronger operating performance. Within its aluminium portfolio, Brazil Aluminium and Hillside Aluminium recorded significant earnings...
Alcoa’s proposed acquisition of South32’s aluminium assets in Australia, Brazil and South Africa is an important development for the global aluminium industry, particularly for South Africa’s primary aluminium production. Aluminium Federation of South Africa (AFSA) CEO, Muzi Manzi, said, “On July...
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South32 and Alumina Ltd. have announced strong financial performances yesterday predominantly due to their alumina operations. After Alumina Limited reported doubling of profits in H1 2018, South32 posted a 16 per cent rise in its annual underlying earnings on Thursday, as healthy demand for...
Triple-listed diversified miner South32 on Wednesday reported that, the company had achieved its guidance for all its operations during the December quarter. Its manganese and aluminium operations, in particular, exceeded expectations, owing to strong market demand. South32 also managed to deliver...
Australian miner outh32 announced on Monday that it will operate SA Energy Coal (SAEC) as a stand-alone business. The company will spend R4.3 billion from April 2018 in SAEC’s Klipspruit Life Extension project. Graham Kerr, CEO of South32, said, "Establishing SA Energy Coal as a stand-alone...
The National Union of Metal workers of South Africa (Numsa) called off a strike at South32's aluminium smelter in KwaZulu-Natal province after accepting the new wage offer from the latter. South32 confirmed in a statement on Friday that it has reached an agreement with Numsa which supports the long...
<p>BHP Billion spin-off South32 Limited announced Thursday, August 24, that it has ended its last financial year in profit. The company’s revenue improved significantly, thanks to its high operating leverage and higher commodity prices. South32 has a product portfolio that encompasses...
<p> South32, a globally diversified mining and metals company, yesterday reported an increase in production in all segments for the three months to June as compared to previous quarter. However, the company’s full year performance that ended in June was lower for several commodities.</p>...
<p>Leading metal and coal mining company South32 announced that the company has dropped the plan to buy Peabody Energy's Metropolitan coal mine worth $200-million in Australia. The company was not ready to make concessions in favour of Australian steelmakers. </p> <p><img...
<p>A global mining and metals company South32 announced yesterday 10 April, that the company signed a three-year strategic partnership agreement with GE, the world's Digital Industrial Company, in Sydney. The partnership will help in the development of South32’s technology roadmap and...
<p>Western Australia’s mineral and petroleum industry has reported sales of A$94.8-billion in 2016, which registers an increase of A$3.4-billion YOY. The largest chunk of sale has been contributed by iron ore, nickel and petroleum sector. </p> <p><img style="vertical-align: middle;...
<p>Goldman Sachs has updated its commodities price forecasts and that’s led to higher price targets for South32 (S32.AU) and Alumina (AWC.AU).</p> <p>Unused aluminium spools for work in the oil industry pile-up in a shop yard in the Permian Basin oil field.</p> <p><img style="vertical-align:...
<p>South 32, a spin off from mining giant BHP Billiton has started seeing brighter days after the charge of metal prices in the end of 2016.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>As reported by Reuters, three major aluminium producers, South32 Ltd, Rio Tinto Ltd and UC Rusal have offered aluminium premium of $135 per tonne to Japanese buyers for shipments in the April to June quarter. According to sources from the pricing sector, this records a 42% increase from previous...
<p>Shares of South32 Ltd and Alumina Ltd jumped by more than 9% on Thursday March 2 as news about China imposing curbs on steel, aluminium production started circulating in the market.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>South Africa's manufacturing sector has logged a moderate to slow growth over the last three years. One of the two major smelters in the country- Bayside Aluminium operated by South32, erstwhile BHP Billiton, shut down in 2015. The other smelter, Hillside Aluminium in Richards Bay, has been...
<p>Airobotics, a leading provider of an end-to-end fully automatic solution, has developed an unmanned drone solution, the first of its kind in the global market. The company’s multi-purpose drone will be utilized at an Australian resources operation in a little while.<br /><br /><img...
<p>BHP Billiton spin-off South32 announced sharp rise in alumina hydrate production at its Worsley Alumina operation in Western Australia in the first quarter of the 2016-2017 financial year against the previous quarter.<br /><br />The total output of aluminium hydrate in the quarter ended...
<p>Mining giant BHP Billion spin-off South32 indicated last week Thursday that it has no plan to restart idled capacity at its aluminium facilities in Southern Africa in the next couple of years. The Australian metals and mining company had idled the aforesaid capacity on being unable to cope with...
<p>Mining giant BHP Billiton spin-off South32 posted a net loss of $US1.62 billion ($A2.13 billion) in the full year ending July 31 vis-a-vis a $US28 million profit last financial year. The heavy write-downs in the miner's manganese, alumina and coal operations reflected the slump in commodities...
