South32 Mining News

Australia’s South32 Q3 coking coal production down 37% vs Q2, beats estimate

Production of coking fell to 990 kilo tonnes during the March quarter from 1.6 million tonnes in the second quarter.

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.

South32 to cut 500 jobs at aluminium smelter – union

South32 is the latest mining company to cut jobs after Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs.

South32's Colombia ferronickel unit avoids strike with mine unions

South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.

Australia's South32 posts 18% jump in half-year profit

A surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.

Trilogy Metals, South32 increase exploration budget for Alaska projects

Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects.

Cerro Matoso owes Colombia more than $56M in royalties

The mine applied incorrect discounts to its royalty payments over several multi-year periods.

Hydro shutdown pushes up shares of South 32, Alumina Ltd

Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.

Colombian court hands major win to South32, won’t have to pay damages

But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.

Top nickel miners ranked

Vale on top.

Exxaro, Seriti are said to mull bids for South32 coal assets

South32’s South Africa Energy Coal unit, the country’s third-biggest exporter of the fuel, was split into a standalone business earlier this year.

Tipping point? Inflation creep at Australia's mines to erode margins

Rising costs, falling metals prices may eat into margins.

Australia's South32 beats annual coking coal output guidance

Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.

Australia's South32 sees brighter manganese outlook, shares soar

The Perth-based miner plans to raise its Australian manganese production by 6 percent to 3.3 million wet metric tonnes.

South Africa's Transnet signs new manganese deal with South32

A total of 12.5 million tonnes of manganese will be transported every year once Transnet signs contracts with nine local manganese producers.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.

South32 to spin off South Africa coal business

Process could lead to a listing of the business on the Johannesburg stock exchange, it said.

Electric cars set world's nickel miners on new course

Battery boom promises new and growing market for high-grade nickel products, but half the world's supply of the metal is unsuitable for battery production.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

South32 buys stake in Canada’s Arizona Mining for $81 million

The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.

South32 drops $200 million plan to buy Peabody coal mine

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

South32 and GE enter digital transformation strategic partnership

South32 and GE today announced the signing of a three-year strategic partnership to assist in the development of South32’s technology roadmap and activation of the Company’s digital transformation.

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.