South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
South32 and Eskom in talks over Hillside smelter power supply following closure of Mozal
South32 and Eskom have stepped up negotiations to establish a new electricity supply agreement for the Hillside Aluminium smelter in Kwa-Zulu Natal following the closure of the…
South32 pumps aluminium output to seize high prices
SOUTH32, the global metals producer, is pulling out all stops to take advantage of aluminium prices at four-year highs, even as the Middle East conflict pushes up input costs. As…
Mantashe wants commodity price-linked electricity tariffs
MINISTER of Mineral and Petroleum Resources Gwede Mantashe on Thursday raised the possibility of negotiating electricity tariffs linked to commodity prices in an effort to…
From Crapco to mid-tier copper play, Kerr’s says South32 is unique
IT’S 10 years since BHP demerged production in coal, aluminium and silver into a company that became South32 — so named owing to its exposure to southern hemisphere assets. The…
South32 manganese record eclipsed by $818m write-down
SOUTH32 said on Monday manganese ore production from its Northern Cape mines hit a record 2.18 million tons for the group’s 2024 financial year ended June. But this was small…
SA assets deliver for South32 as a cyclone hammers its Australian manganese operations
South32’s South African aluminium and manganese operations both delivered record production levels during the March quarter which saw major damage done by a tropical cyclone to…
South32 reports aluminium build at congested Richards Bay
SOUTH32 said port congestion at Richards Bay had contributed towards a $275m working capital build at the midpoint of its 2024 financial year. Commenting in its second quarter…
South32 manganese off to strong start but shipping backlogs loom
SOUTH32 said manganese ore production from its South African mines reported a strong start to its 2024 financial year but the Perth-headquartered business registered an increase…
What does Mike Fraser as CEO mean for Gold Fields?
GOLD Fields has a new leader. But much to the market’s relief, strategy is not expected to change. Mike Fraser, a former BHP and South32 executive who will take the helm in…
South32 in quest to find green energy for Hillside – fast
South32 is in a race against time to find green energy for its Hillside aluminium smelters in KwaZulu-Natal’s, Richards Bay if the diversified miner wants to guarantee access to…
South32 keeps production guidance on track for the year to June despite March quarter setbacks
SOUTH32 remains on track to meet production guidance for the year to end-June at the majority of its operations but the share price dropped nearly 6% to R50.17 on the…
Government failings put South32’s South African business at risk
SOUTH32 flies under the radar in South Africa because the share isn’t index linked. But the company has been on a strong run this year thanks to the metallurgical coal price…
South32 in talks with Eskom to buy 900MW in nuclear power for Hillside aluminium
SOUTH32 is in discussions with Eskom regarding buying nuclear power for Hillside Aluminium which the Perth-headquartered group said could become uncompetitive if the talks…
South32 reports $100m capital build as port congestion delays SA aluminium shipments
INVENTORY and working capital build was in evidence at South32’s South African operations owing to logistical problems at the country’s ports operated by state-owned company,…
South32 reports 18% fall in aluminium exports from SA before Transnet force majeure
SOUTH32 said sales of aluminium and manganese from its South African operations declined in the first quarter of its 2023 financial year owing to port congestion and reduced…