'Couple' of suitors for Tassie smelter, says South32
South32 has confirmed talks are under way with suitors for its Tasmanian manganese smelter and says an austerity drive within the company should be interpreted as caution rather than preparation for an acquisition.
The miner has one of the strongest balance sheets in the industry with no debt, cash equivalents of $US1.2 billion, an undrawn $US1.5 billion line of credit and ongoing cash generation from its assets despite sliding prices for its key products.
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