JOHANNESBURG (miningweekly.com) – Triple-listed South32 has been issued a notice of a preliminary antidumping determination, setting an 11.93% rate for imports of silicomanganese of Australian origin into the US.
The US Department of Commerce, which issued the notice, would continue its investigations and was expected to make a final determination in 2016.
The US International Trade Commission was expected to start its final injury investigation, where Tasmania-based manganese alloy plant Temco, a subsidiary of South32’s 60%-owned Gemco, intended to defend its position.
South32 said it was disappointed with the imposition of these preliminary measures and would review its options. The preliminary finding did not impact South32’s manganese ore operations in Australia and South Africa, which accounted for 95% of underlying earnings before interest and tax.