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South32 Ltd

S32J.J

Latest Trade

2,595.00ZAc

Change

-5.00(-0.19%)

Volume

629,992

Today's Range

2,582.00

 - 

2,629.00

52 Week Range

2,406.00

 - 

3,992.00

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

South32 Limited Signs Agreement To Divest South Africa Energy Coal

Nov 6 (Reuters) - South32 Ltd <S32.AX>::SOUTH32 LIMITED - AGREEMENT TO DIVEST SOUTH AFRICA ENERGY COAL.SOUTH32 LTD - ENTERED INTO A BINDING CONDITIONAL AGREEMENT FOR SALE OF OUR 91.835% SHAREHOLDING IN SOUTH32 SA COAL HOLDINGS PROPRIETARY LIMITED.SOUTH32 LTD - PURCHASE PRICE ALSO INCLUDES A DEFERRED CONSIDERATION COMPONENT.SOUTH32 - CONSIDERATION COMPONENT INCLUDES SOUTH32 TO RECEIVE 49% OF FCF GENERATED BY SAEC FOR A PERIOD COMMENCING AT DATE OF COMPLETION TO MARCH 2024.

South32 Agrees To Divest South Africa Energy Coal

Nov 6 (Reuters) - South32 Ltd <S32.AX>::SOUTH32 LTD - AGREEMENT TO DIVEST SOUTH AFRICA ENERGY COAL.SOUTH32 LTD - SERITI WILL MAKE AN UP-FRONT CASH PAYMENT OF APPROXIMATELY 100 MILLION SOUTH AFRICAN RAND TO ACQUIRE SOUTH32'S SHARES IN SAEC.SOUTH32- PURCHASE PRICE ALSO INCLUDES DEFERRED CONSIDERATION WHERE CO WILL RECEIVE 49% OF FREE CASH FLOW GENERATED BY SAEC FOR A PERIOD TO MARCH 2024.SOUTH32 LTD - ENTERS BINDING CONDITIONAL AGREEMENT TO SELL 91.835% STAKE IN SOUTH32 SA COAL HOLDINGS PROPRIETARY TO UNIT OF SERITI & TWO TRUSTS.SOUTH32 LTD - DEFERRED CONSIDERATION COMPONENT PAYMENT CAPPED AT A MAXIMUM OF 1.5 BILLION SOUTH AFRICAN RAND PER ANNUM.SOUTH32 LTD - COMPLETION OF SALE "WILL SUBSTANTIALLY REDUCE CAPITAL INTENSITY, STRENGTHEN BALANCE SHEET & IMPROVE GROUP'S OPERATING MARGIN".SOUTH32 LTD - DOES NOT ANTICIPATE REPORTING A TAXABLE PROFIT ON TRANSACTION FROM EITHER UPFRONT OR DEFERRED CONSIDERATION.

Minsud And South32 Sign An Earn-In Agreement To Explore The Chita Valley Project

Nov 4 (Reuters) - Minsud Resources Corp <MSR.V>::MINSUD AND SOUTH32 SIGN AN EARN-IN AGREEMENT TO EXPLORE THE CHITA VALLEY PROJECT.MINSUD RESOURCES CORP - EARN-IN AGREEMENT GRANTS TO SOUTH32 RIGHT TO ACQUIRE UP TO A 50.1% DIRECT INTEREST IN MSA AT END OF EARN-IN PERIOD.MINSUD RESOURCES CORP - SOUTH32 WILL PROVIDE UP TO C$14 MILLION IN CAPITAL CONTRIBUTIONS TO MSA OVER A PERIOD OF 4 YEARS.MINSUD RESOURCES CORP - MSA WILL BE OPERATOR AND PARTIES WILL ESTABLISH A TECHNICAL COMMITTEE MADE UP OF TWO MEMBERS NOMINATED BY EACH PARTY.MINSUD RESOURCES CORP - SOUTH32 WILL HAVE CASTING VOTE ON TECHNICAL COMMITTEE.

South32 Ltd Posts Qtrly Alumina Production Of 1,308 KT

Oct 17 (Reuters) - South32 Ltd <S32.AX>::QTRLY ALUMINA PRODUCTION 1,308 KT VERSUS 1,159 KT LAST YEAR.QTRLY METALLURGICAL COAL PRODUCTION 1,651 KT VERSUS 1,515 KT LAST YEAR.QTRLY MANAGANESE ORE PRODUCTION 1,415 KWMT VERSUS 1,447 KWMT.MAINTAINED FY20 PRODUCTION GUIDANCE FOR ALL OPERATIONS.QTRLY ALUMINIUM PRODUCTION 248 KT VERSUS 248 KT LAST YEAR.

South32 Says On Track To Meet FY21 Target To Maintain Emissions At Or Below FY15 Baseline

Sept 6 (Reuters) - South32 Ltd <S32.AX>::REMAIN ON-TRACK TO ACHIEVE FY21 SCOPE TARGET TO MAINTAIN EMISSIONS AT OR BELOW BASELINE SET IN FY15.IN FY21 CURRENT FORECASTS SHOWING EMISSIONS WILL BE LOWER THAN TARGET.SAYS WILL REVIEW AND INCREASE CARBON EMISSIONS REDUCTION APPROACH EVERY FIVE YEARS FROM FY21.SAYS WILL LINK EMISSIONS REDUCTION TARGETS TO ALL BONUS PAYMENTS AND INCENTIVES, INCLUDING AT LEAD TEAM LEVEL.

South32 Provides South Africa Energy Coal Divestment Update

Aug 22 (Reuters) - South32 Ltd <S32.AX>::HAVE RECOGNISED A PRE-TAX, IMPAIRMENT CHARGE OF US$504M WITHIN OUR 30 JUNE 2019 FINANCIAL RESULTS.SOUTH AFRICA ENERGY COAL OPERATION WILL CONTINUE TO BE REPORTED IN GROUP'S UNDERLYING RESULTS.SOUTH AFRICA ENERGY COAL OPERATION WILL CONTINUE TO BE REPORTED IN GROUP'S UNDERLYING RESULTS.ENTERED EXCLUSIVE NEGOTIATIONS WITH SERITI RESOURCES HOLDINGS PROPRIETARY REGARDING INDICATIVE OFFER TO ACQUIRE SOUTH AFRICA ENERGY COAL UNIT.SERITI'S OFFER INCLUDES A MODEST UP-FRONT CASH PAYMENT WITH A DEFERRED PAYMENT MECHANISM.

South32 Says FY Profit After Tax $389 Mln

Aug 22 (Reuters) - South32 Ltd <S32.AX>::FY UNDERLYING EARNINGS $992 MILLION VERSUS $1,327 MILLION.TO PAY A FINAL DIVIDEND OF US 2.8 CENTS PER SHARE.FY PROFIT AFTER TAX $ 389 MILLION VERSUS $1,332 MILLION.CAPITAL EXPENDITURE IS EXPECTED TO INCREASE BY US$37M TO US$256M IN FY20.FY REVENUE $7,274 MILLION VERSUS $7,549 MILLION.GROUP AND UNALLOCATED COSTS OF US$90M ARE EXPECTED IN FY20.FY20 WORSLEY ALUMINA PRODUCTION GUIDANCE 3,965 KT.FY20 ILLAWARRA METALLURGICAL COAL TOTAL COAL PRODUCTION GUIDANCE 7,000 KT.SEES FY20 AUSTRALIA MANGANESE MANGANESE ORE PRODUCTION 3,560 KWMT.SUSTAINING CAPITAL EXPENDITURE EXPECTED TO REMAIN ELEVATED IN FY20.

South32 Posts Qtrly Metallurgical Coal Production Of 1,278 Kt

July 18 (Reuters) - South32 Ltd <S32.AX>::QTRLY ALUMINIUM PRODUCTION 245 KT VERSUS 246 KT.QTRLY METALLURGICAL COAL PRODUCTION 1,278 KT VERSUS 1,089 KT.QTRLY ALUMINA PRODUCTION 1,307 KT VERSUS 1,295 KT.QTRLY MANGANESE ORE PRODUCTION 1,290 KWMT VERSUS 1,342 KWMT.ONE-OFF REDUNDANCY AND RESTRUCTURING CHARGES OF ABOUT US$30M (POST-TAX US$20M) ARE EXPECTED TO BE RECORDED IN FY19 FINANCIAL RESULTS.AT YEAR END COMPLETED US$986 MILLION OF APPROVED US$1 BILLION CAPITAL MANAGEMENT PROGRAM.COMMENCING A REVIEW OF OPTIONS FOR MANGANESE ALLOY SMELTERS.AT SOUTH AFRICA ENERGY COAL, ADDITIONAL MINING COSTS FOR REHABILITATION WORK EXPECTED TO HAVE MODEST HIKE IN OPERATING UNIT COSTS.

South32 Expects Illawara Production To Increase Across FY20 & FY21

June 20 (Reuters) - South32 Ltd <S32.AX>::ILLAWARA PRODUCTION EXPECTED TO INCREASE ACROSS FY20 & FY21 FOLLOWING RETURN OF THE SECOND LONGWALL AT APPIN DURING THE JUNE 2020 QUARTER.INCREASE IN ILLAWARRA’S SPEND EXPECTED TO CONTRIBUTE TO GROUP SUSTAINING CAPEX RISING TOWARDS UPPER END OF US$550-650M RANGE IN FY20.OPERATING UNIT COSTS EXPECTED TO BE SEQUENTIALLY HIGHER IN H2 FOR ILLAWARRA.FY20 OPERATING UNIT COSTS EXPECTED IN RANGE OF US$95/T TO US$100/T WITH GUIDANCE TO BE UPDATED AT 2019 FINANCIAL RESULTS.COSTS EXPECTED TO BE SEQUENTIALLY HIGHER IN H2 FY19 FOLLOWING LONGWALL MOVES AT APPIN AND DENDROBIUM IN MARCH 2019 QUARTER.SEES CAPITAL ESTIMATE BETWEEN US$650M AND US$800M FOR DENDROBIUM, MAJORITY OF WHICH TO BE SPENT OVER A 3 YEAR PERIOD.

South32 Announces Changes To Its Estimates Of Coal Reserves For Illawarra

June 17 (Reuters) - South32 Ltd <S32.AX>::ANNOUNCES CHANGES TO ITS ESTIMATES OF COAL RESERVES FOR ILLAWARRA METALLURGICAL COAL.COAL RESERVES FOR BULLI SEAM HAVE BEEN REDUCED BY 22MT1 TO 114MT FOLLOWING CHANGE.COAL RESERVES FOR WONGAWILLI SEAM ARE UNCHANGED.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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