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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According to a report on Monday, October 31, South Africa’s Industrial Development Corporation (IDC), a national development finance institution, has expanded its shareholding in Mozambique’s Mozal Aluminium to 32.45 per cent. Earlier, IDC had a 24 per cent share in the hydropowered smelter,...
This week the global primary aluminium industry witnessed a lot of significant events. The ongoing geopolitical conflict between Russia and Ukraine has brought about many changes in the industry. To begin with, on October 24, 2022, Norsk Hydro's CEO and President Hilde Merete Aasheim urged the...
The diversified miner and metal producer, South32, has maintained its outlook for a few commodities over the longer term, despite the decrease in base metal prices. Following the company's annual general meeting (AGM), Graham Kerr, the CEO, said, "In the company's longer-term, commodities such as...
The global resources company, SOUTH32, stated that sales of aluminium and manganese from its South African operations shrank in the first quarter of its 2023 financial year due to port congestion and reduced third-party rail availability. In comparison with the previous quarter, aluminium sales...
The workers at a major West Australian refinery have walked off their jobs over what they call a "two-tiered" workplace. In a significant escalation of ongoing industrial action, workers at South32's Worsley alumina and bauxite facility have downed tools for 48 hours. Previously, the workers staged...
Diversified miner South32 announced on Tuesday, September 22, that Chief Operating Officer (COO) Mike Fraser, responsible for the operations in Colombia and Africa, will depart from the business. Along with Jason Economidis, who will continue to serve as COO and be responsible for operations in...
According to the union, the National Union of Metalworkers of South Africa (Numsa) and South32's wage negotiations reached a standstill over the weekend. Members of Numsa who work at the KwaZulu-Natal province's Hillside aluminium smelter are involved in the conflict. South32's suggestion that...
Last year South32 witnessed a rise in annual revenue, amounting to US$2.67 billion or AU$3.87 billion in total, owing to systematically augmenting prices of raw materials like metallurgical coal and aluminium. The diversified miner made the highest profit since its inception in 2015, owing to a...
Mozal SA, a primary aluminium smelter, has bagged the Aluminium Stewardship Initiative Performance Standard Certification with Provisional status for its smelting operation and related port facilities at Maputo. The smelter, located just outside the capital Maputo, a major industrial place in...
The Western Australian Environmental Protection Authority (EPA) has allotted two weeks for the stakeholders and community groups to take a decisive step in ensuring South32’s proposed expansion at its Worsley alumina unit. South32 has extensive plans, including the creation of a bauxite transport...
On Monday, July 25, South32 has reported strong operating results for FY2022 and the June quater, with Worsley Alumina operation, one of the world’s largest refineries, booking a record annual production. As per the report, Worsley has posted a 1 per cent growth in annual production to 3.99 million...
The leading drill and blast contractor serving the mining industry, SRG Global has fastened a noteworthy new contract from its existing Tier 1 client valued at around $80 million. The existing SRG’s agreement with South32 gets an extension for another two years for works at the Worsley Alumina’s...
Fully owned and operated by South32, South Africa-based Hillside Aluminium has collaborated with Solana Energy to provide entry of renewable energy to one of the country’s most crucial commercial hubs. With its launch in June 2022, this multi-phased project will enable renewable solar power...
The Chief Development Officer of South32, Simon Collins stated at the virtual session of this year’s Prospectors & Developers Association of Canada, that the company encountered a significant change in the past year and has evolved considerably since its formation in 2015, reshaping the company's...
The Environmental Protection Authority (EPA) has been urged to reject South32's plans to expand its Worsley bauxite and alumina project in Western Australia’s (WA) South West which would clear more than 4000 hectares of native vegetation. The updated plan, which the EPA made available for public...
On 1 st June 2022, the globally renowned diversified mining and metals company, South32 Limited announced that it has completed the acquisition of an additional 16.6% shareholding and related rights in Maputo, Mozambique based Mozal Aluminium from MCA Metals Holding GmbH (Mitsubishi). The final...
The Perth, Western Australia headquartered mining and metal company, South32 Limited has unveiled the accomplishment of acquisition of an additional 18.2% stake in the Mineração Rio do Norte (MRN) bauxite mine in the northern part of Brazil from Alcoa Corporation (Alcoa). However, the acquisition...
Graham Kerr, the CEO of South32 does not anticipate a global recession but said that the economic outlook is dormant because of the war in Europe, the Covid epidemic in China and rising commodity prices that may worsen in the coming months. On Tuesday, mining and energy stocks were mostly released...
