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South32 Ltd (S32.AX)

S32.AX on Australia Stock Exchange

3.12AUD
23 Jul 2019
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Latest Key Developments (Source: Significant Developments)

South32 Expects Illawara Production To Increase Across FY20 & FY21
Thursday, 20 Jun 2019 

June 20 (Reuters) - South32 Ltd ::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.  Full Article

Trilogy Metals QTRLY Loss Per Share $0.03
Tuesday, 9 Apr 2019 

Trilogy Metals Inc ::TRILOGY METALS REPORTS FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS.QTRLY LOSS PER SHARE $0.03.AT FEBRUARY 28, 2019, HAD $30.0 MILLION IN CASH AND CASH EQUIVALENTS AND WORKING CAPITAL OF $29.8 MILLION.CONTINUES TO FUND ITS CASH EXPENDITURES THROUGH ITS WORKING CAPITAL AND FUNDING FROM SOUTH32.CONTINUED OPERATIONS OF COMPANY ARE DEPENDENT ON ITS ABILITY TO OBTAIN ADDITIONAL FINANCING OR TO GENERATE FUTURE CASH FLOWS.  Full Article

S.Africa's Solidarity Says South32 Retrenchments Could Impact Up To 500 Jobs
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - South Africa's Solidarity::CONFIRMED IT RECEIVED RETRENCHMENT NOTICE FROM SOUTH32'S HILLSIDE SMELTER IN RICHARDS BAY.SOUTH32 RETRENCHMENTS COULD AFFECT UP TO 500 JOBS.  Full Article

Exxaro, Seriti Are Said To Mull Bids For South32 Coal Assets - Bloomberg
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - :EXXARO, SERITI ARE SAID TO MULL BIDS FOR SOUTH32 COAL ASSETS - BLOOMBERG, CITING SOURCES.  Full Article

South32 Ltd Posts HY Earnings Of $‍544​ Mln
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - South32 Ltd ::HY EARNINGS $ ‍544​ MILLION VERSUS $479 MILLION.HY REVENUE FROM CONTINUING OPERATIONS $ ‍3,494​ MILLION VERSUS $3,221 MILLION.‍ RESOLVED TO PAY AN INTERIM DIVIDEND OF US 4.3 CENTS PER SHARE AND A SPECIAL DIVIDEND OF US 3.0 CENTS PER SHARE​.‍LOWERED FY18 GUIDANCE FOR SUSTAINING CAPITAL EXPENDITURE, INCLUDING EQUITY ACCOUNTED INVESTMENTS, BY US$5M TO US$465M​.‍MAJOR PROJECT CAPITAL EXPENDITURE GUIDANCE FOR FY18 HAS BEEN INCREASED BY US$10M TO US$60M​.  Full Article

South32 Posts Q2 Alumina Production Of 1,262 KT
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - South32 Ltd ::Q2 ALUMINA PRODUCTION 1,262 KT VERSUS 1,279 KT IN PRIOR QUARTER.WORSLEY ALUMINA FY18 PRODUCTION GUIDANCE REMAINS UNCHANGED AT 4.0 MT ​.Q2 METALLURGICAL COAL PRODUCTION ‍788​ KT VERSUS 494 KT IN PRIOR QUARTER.Q2 MANGANESE ORE PRODUCTION ‍1,526​ KWMT VERSUS 1,304 KWMT IN PRIOR QUARTER.Q2 ALUMINUM PRODUCTION 246 KT VERSUS 249 KT IN PRIOR QUARTER.MAINTAINED FY18 GUIDANCE FOR ALL OPERATIONS WITH EXCEPTION OF SOUTH AFRICA MANGANESE.‍ REMAIN ON TRACK TO PRODUCE 4.5MT OF COAL AT ILLAWARRA METALLURGICAL COAL IN FY18​."ACTIVELY RESHAPING OUR PORTFOLIO WITH SOUTH AFRICA ENERGY COAL TO BE MANAGED AS A STAND-ALONE BUSINESS FROM APRIL 2018".INCREASED FY18 ORE PRODUCTION GUIDANCE FOR SOUTH AFRICA MANGANESE BY 8% TO 2,040KWMT‍​.  Full Article

Trilogy Metals says South32's Unit Owns About 6.5 Mln Shares in Co
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Trilogy Metals Inc ::TRILOGY METALS ANNOUNCES A NEW LARGE SHAREHOLDER AND THE COMPANY'S CEO SIGNIFICANTLY INCREASES HIS SHARE POSITION.TRILOGY METALS SAYS CEO RICK VAN NIEUWENHUYSE INCREASED SHAREHOLDINGS OF CO BY ABOUT 1.7 MILLION SHARES, OWNING ABOUT 2.6 PCT OF CO.UNIT OF SOUTH32LIMITED HAS BECOME NEW SIGNIFICANT SHAREHOLDER OWNING ABOUT 6.5 MILLION SHARES OR ABOUT 6 PERCENT OF SHARES​ OF CO.SOUTH32 HAS PARTICIPATION RIGHTS IN FUTURE FINANCINGS AT 20 PERCENT TO 40 PERCENT TO A MAXIMUM OWNERSHIP OF 19.9 PERCENT IN CO.EXPECTS TO ADVANCE DEVELOPMENT OF ARCTIC AND BORNITE PROJECTS IN AMBLER MINING DISTRICT​.  Full Article

Trilogy Metals Announces South32 To Fund Us$10 Million 2018 Program And Budget For The Bornite Project
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Trilogy Metals Inc ::TRILOGY METALS ANNOUNCES SOUTH32 TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR THE BORNITE PROJECT.TRILOGY METALS INC - ‍SOUTH32 LIMITED HAS COMMITTED TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR BORNITE PROJECT​.TRILOGY METALS INC - SOUTH32 LIMITED HAS COMMITTED TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR BORNITE PROJECT.  Full Article

South32 Expects Sustaining Capital Expenditure Of $470 Mln In FY18​
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - South32 Ltd ::‍CONFIRM THAT SUSTAINING CAPITAL EXPENDITURE OF US$470M NOW EXPECTED IN FY18​.‍REAFFIRMS PRIOR FY18 PRODUCTION GUIDANCE FOR OPERATIONS.SALEABLE PRODUCTION OF 4.5MT IS NOW PROJECTED FOR ILLAWARRA METALLURGICAL COAL IN FY18 AT AN OPERATING UNIT COST OF US$130/T​.  Full Article

South32 To Manage South Africa Energy Coal As Stand-Alone Business
Monday, 27 Nov 2017 

Nov 27 (Reuters) - South32 Ltd ::TO MANAGE SOUTH AFRICA ENERGY COAL (SAEC) AS STAND-ALONE BUSINESS FROM APRIL 2018​.‍SAEC REQUIRES ONGOING INVESTMENT TO SUSTAIN PRODUCTION AND MEET ITS TAKE OR PAY RAIL AND DOMESTIC SUPPLY OBLIGATIONS​.‍SAEC WILL CONTINUE TO BE CONSOLIDATED IN GROUP'S FINANCIAL STATEMENTS ON A 100% BASIS UNTIL THERE IS A CHANGE IN CONTROL​.‍MAY ULTIMATELY LIST SOUTH AFRICA ENERGY COAL ON JOHANNESBURG STOCK EXCHANGE.  Full Article

UPDATE 1-Australia's South32 posts 69% rise in annual coking coal production

* Receives bids for South Africa Energy Coal assets in June qtr (Adds details of manganese smelter review, S. Africa coal bids)