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South32 assumes operatorship of Eagle Downs

By: Mariaan Webb     14th September 2018 Diversified mining group South32 has assumed operatorship of the Eagles Downs metallurgical coal project, following the completion of the acquisition of a 50% interest in the Bowen basin project. The other 50% is owned by Aquila Resources, a subsidiary of China’s BaoWu. 

Collins added to South32 lead team

By: Esmarie Swanepoel     7th September 2018 Diversified miner South32 has appointed Simon Collins as chief development officer, accountable for exploration, portfolio strategy, business development, and acquisitions and divestments. Collins will also continue to oversee the study phase of the Hermosa base metals project, in the US. 

South32 to consider South African energy coal ownership options in Sept

By: Marleny Arnoldi     23rd August 2018 Diversified miner South32 will start a process to broaden the ownership of its South Africa Energy Coal (SAEC) business, in September. “We have been very clear that we don’t plan to own an interest in energy coal in the long term, and it has never been a better time in terms of where South... 

South32 completes Arizona buy

By: Esmarie Swanepoel     13th August 2018 Diversified miner South32 has completed the $1.3-billion acquisition for the remaining 83% share in TSX-listed Arizona Mining. The Canadian firm has now been delisted from the TSX, and will cease to be a reporting issuer under the Canadian securities law. 

South32’s manganese production up 10%, Illawarra beats guidance

By: Esmarie Swanepoel     19th July 2018 Diversified miner South32 has reported record performances at its Australian manganese and Mozal aluminium operations during the 2018 financial year ended June, while also exceeding revised production guidance for its Illawarra metallurgical coal operations. “We delivered record annual... 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

South32 appoints chief technology officer

By: Simone Liedtke     16th February 2018 Vanessa Torres, who has over 25 years of experience in the mining and metals sector, has been appointed chief technology officer at diversified miner South32. "We see technology as a key enabler in driving safety and production improvements at our operations, and Vanessa's knowledge and... 

South32 announces special dividend after stronger-than-expected H1

By: Simone Liedtke     15th February 2018 Diversified miner South32 will return more money to shareholders, after reporting a stronger-than-expected $543-million underlying profit for the first half of the 2018 financial year. This meant that dividends to shareholders would be doubled. 

South32 makes management shifts as SAEC becomes standalone business

By: Megan van Wyngaardt     22nd January 2018 As part of setting up its South African Energy Coal (SAEC) operations as a standalone business, triple-listed South32 will make changes to the operational accountabilities of its two COOs, Mike Fraser and Paul Harvey. Fraser will now be accountable for the alumina and aluminium operations in... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

South32 intent on resolving Appin, Cannington challenges

By: Mia Breytenbach     23rd November 2017 Having acknowledged challenges at its Australia operations, particularly at the Appin metallurgical coal mine in Illawarra, New South Wales, diversified miner South32’s focus remains on resolving operational challenges and improving operational efficiency. “We had an unacceptable year as we... 

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 is said to study bid for $1.6bn Rio coal portfolio

By: Bloomberg     20th October 2017 South32 is studying a potential bid for Rio Tinto Group’s A$2-billion ($1.6-billion) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for the steelmaking ingredient. The Perth-based company is working with an adviser as it weighs an... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

South32 restarts Appin following broader Illawarra review

By: Esmarie Swanepoel     13th October 2017 Diversified miner South32 will restart production at its Appin mine, in New South Wales, following a review into its Illawarra metallurgical coal operating systems and processes. The company on Friday said that it had completed remedial actions at Appin to safely and sustainably restart... 

South32 ups stake in Arizona Mining

By: Esmarie Swanepoel     15th September 2017 Diversified miner South32 will acquire an additional 15-million shares in TSX-listed Arizona Mining, taking its share in the Canadian company to 19.9%. South32 in May this year acquired an initial 45-million shares, or a 15% interest in Arizona Mining for an investment of C$110.3-million. 

South32 sees upswing in South African, Mozambique aluminium production

By: Mia Breytenbach     24th August 2017 Diversified miner South32 reported solid performances across its aluminium supply chain for the financial year ended June 30, with record production from Mozal Aluminium, in Mozambique, and near-record production at the Hillside aluminium smelter, in South Africa. “Our aluminium smelters and... 

South32 aims to increase base metals exposure to tap into battery market

By: Esmarie Swanepoel     24th August 2017 Diversified mining company South32 is considering opportunities to enlarge its foray into the lithium-ion battery market, CEO Graham Kerr said on Thursday. The group, which swung back to the black in the 2017 financial year, is particularly keen on adding more base metals exposure to tap into... 

South32 makes new appointments

By: Esmarie Swanepoel     22nd August 2017 Diversified miner South32 has appointed Rowena Smith in the newly created role of chief sustainability officer, and Peter Finnimore in the newly created role of chief marketing officer. CEO Graham Kerr said on Tuesday that the two new appointments to the South32 lead team reflected the direction... 

South32’s chief technology officer steps down

10th August 2017 Ricus Grimbeek has resigned as chief technology officer of diversified miner South32, to pursue other interests. “Ricus made a significant contribution to South32 in its formative years as a key member of the executive committee. He played a pivotal role in establishing and delivering value from... 

South32 reports lower FY production for most commodities

By: Esmarie Swanepoel     20th July 2017 Diversified miner South32 on Thursday reported an increase in production across most of its portfolio for the three months to June, compared with the previous quarter, but its full-year performance was lower for several commodities. The Perth-headquartered group, which operates in Australia and... 

South32 amends coal and metals output expectation

By: Esmarie Swanepoel     27th April 2017 In addition to revising its full-year output guidance for the Cannington multi-metals mine, in Queensland, diversified spin-off South32 has also revised its full year production guidance for its South African energy coal operations. Following a fire at the Cannington mine in April this year,... 

South32 pursues copper opportunity in Alaska

By: Anine Kilian     10th April 2017 Diversified miner South32 has entered into an option agreement with TSX-listed Trilogy Metals in respect of its Upper Kobuk Mineral Projects (UKMP). UKMP is located in the Ambler mining district, in Alaska, and includes the Bornite and Arctic deposits 

South32, GE sign three-year digital transformation deal

By: Esmarie Swanepoel     10th April 2017 Diversified miner South32 has struck a three-year strategic partnership with New York-listed GE to assist in the company’s digital transformation. South32 said in a statement on Monday that it will use GE’s Predix platform, designed to connect industrial equipment, data analysis and instant... 

South32 to return additional $500m to shareholders

By: Martin Creamer     27th March 2017 Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing... 

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

South32 swings to H1 profit on stronger commodity prices

By: Esmarie Swanepoel     16th February 2017 Diversified miner South32 has reported a massive surge in underlying earnings to $479-million for the six months to December 31, compared with $26-million in the previous corresponding period. “The disciplined application of our strategy and stronger commodity prices underpinned a significant... 

Graham Kerr

20th January 2017 This week we feature Graham Kerr, CEO of South32, a 23 000-employee, $16-billion mining and metals company, which operates in Australia, Southern Africa and South America 

South32 says FY targets within reach despite challenging Dec quarter

By: Esmarie Swanepoel     19th January 2017 Despite a challenging December quarter, diversified mining company South32 remains on track to achieve its production guidance for the majority of its operations. The miner, which is the world’s biggest manganese ore producer, on Thursday reported higher manganese production, but said that its... 

South32 zeroes in on better safety performance in South Africa

By: Natasha Odendaal     24th November 2016 After the fatalities of four employees during the past year, triple-listed South32 needs to initiate a complete step-change in the way it approaches its safety commitments in South Africa. The diversified mining company has therefore committed to investing time, energy and leadership into making... 

South32 continues asset hunt

By: Esmarie Swanepoel     24th November 2016 Diversified miner South32 will continue with its investment drive and is looking for "new and exciting" opportunities outside its current portfolio in which to invest, CEO Graham Kerr said in Perth on Thursday. He said at the annual general meeting (AGM) that the company, which operates mines in... 

South32 makes first acquisition, pays $200m for Peabody mine in Australia

By: Esmarie Swanepoel     3rd November 2016 Diversified miner South32 has made its first acquisition since demerging from major BHP Billiton, spending $200-million on US major Peabody Energy’s Metropolitan colliery and its 16.67% stake in the Port Kembla coal terminal, in New South Wales. “The Metropolitan colliery is a natural fit within... 

South32 coal output misses the mark, manganese volumes down 4% in Q1

By: Esmarie Swanepoel     20th October 2016 Diversified mining company South32 has reported a rough start to the 2017 financial year for its metallurgical coal operations in Australia. Production decreased by 32% in the September quarter and South32 warned on Thursday that its metallurgical coal output would miss its cost guidance. 

South32’s local coal expansion projects progressing to feasibility stage

By: Samantha Herbst     25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... 

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

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