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 Limited has appointed Dr Xolani Mkhwanazi to seve as the Company’s new Non-Executive Director with effect from 02 July 2015. Dr Mkhwanazi has been serving as Chairman of BHP Billiton Limited’s South Africa operations since October 2008. He serves also, as the President and Chief Operations...
Shares in South32, the diversified miner spun out of BHP Billiton, have dropped 17.3% in the past six weeks as the prices of its key commodities have weakened. The shares were trading at R16.74 on Wednesday compared with their close of R20.24 on the first day that South32 became a separate entity....
BHP Billiton spinoff company South32 closed at R17.24 on Friday, dropping by 2.49%, down 10.3% on the week, and about 14.82% since it listed on the JSE over a month ago. Currently sitting a R17.20 per share, Troy Brady from NOAH Capital Markets says South32 has simply become a victim of the general...
South32 faces the spectre of a significant earnings slump, as the young company ends its first month on the market in the midst of growing pains. The commodities that looked so promising six months ago now face almighty headwinds, prompting several analysts to warn that earnings will slide by more...
Speculation is mounting that South32, the diversified metals company spun out of global resources group BHP Billiton, could be planning its first acquisition - Rio Tinto's Pacific Aluminium assets. South32 CEO Graham Kerr said ahead of its stand-alone listing in the UK, Australia and SA last month...
Mining spin-off South32 has received a positive response from institutional investors just weeks after the company was de-merged from its parent BHP Billiton. Brokers Jefferies and Deutsche Bank have slapped glowing recommendations on the company, which has a market value of around $10bn (£6bn)....
Collie's Worsley Alumina has legally separated from BHP Billiton to join a new global resources company, South32. Worsley is a key asset for South32, which has operations across five countries and 11 commodities and more than 27,000 employees and contractors. The changes coincide with new...
BHP Billiton's (BHP) new baby South32 (S32) has been christened, having commenced trading on the Australian Securities Exchange. With the much heralded listing several brokers step up to initiate coverage of the stock. At this stage, there are three Buy ratings on the FNArena database with a...
The share price of South32, BHP Billiton's spin-off, is the best performer on the ASX on its second day of life as a listed entity. South32 contains a bunch of assets and commodity exposures BHP considered to be "non-core". These include aluminium and manganese, as well as coal and nickel...
South32, BHP’s non-core spin off company, finally gets an official nod from BHP Billiton shareholders on Wednesday. 98.05% of the shareholders were in favour of the spin off company that will now get a separate listed entity. The much talked about company will handle BHP’s erstwhile assets in lead,...
BHP Billiton's shareholders are expected to approve the biggest ever spin-off in the mining industry on Wednesday, seeking to wring more value out of a string of long-neglected aluminium, manganese, silver and nickel assets. But the new company, South32, risks a tough May 18 debut on the Australian...
BHP spin off company, South32 is weeks away from attaining an official listing and its valuation has already been reduced to almost half the original assessment at the time of conception. For Mike Davis, its current valuation of $7 billion (R84 billion) seems highly attractive as he is eyeing the...
South32, BHP Billiton’s the awaiting spin-off company, add more new board members to the team in preparation of the early June release on the ASX. In an announcement made by the nascent company on Tuesday, they will be expanding their board from four to eight members adding four non-executive...
Deutsche Bank has cut the valuation of BHP Billiton’s spin-off company South32 by $US2 billion. Deutsche mining analyst Paul Young says when South32 lists on the ASX it will be valued at $US11.2 billion instead of the expected $US13 billion. This amounts to $2 a share, well below investor...
BHP Billiton expects to incur one-off costs of around $US738 million on its $US15 billion ($A18.5bn) spin-off of non-core aluminium and manganese assets into South32, but has flagged further reductions to its cost base following the transaction. Investors responded well to the news. By 4.15pm...
When global miner BHP Billiton reports its half-year results on Tuesday, the only parts of the company that are likely to report profit growth are some of the unloved assets it aims to spin off by June. Commentators had dubbed the company BHP plans to hand to shareholders "DudCo" before it was...
BHP Billiton has finally announced the name of its spin-off company to be ‘South32’, which will hold all of BHP’s non-core assets like aluminium, nickel, silver and manganese mines, as well as some of its coal assets. The name was suggested by an employee driven by the fact that most of the...
BHP Billiton remains committed to investing in South Africa, its regional chairman Xolani Mkhwanazi said during a presentation at the Mining Indaba on Wednesday. “It has been alleged that we want to leave South Africa; we are committed to South Africa, there’s nothing furthest from the truth than...
