South32 Mining News

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

South32 extends South Africa mine closure

South32's manganese mines in South Africa are unlikely to restart operations until January, when a major review is expected to be completed.

South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

South Africa woes cast doubt on BHP spin-off success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Forget ‘NewCo’: BHP Billiton spin-off named South32

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.