ASX Announcements
Notification of cessation of securities - S32
Appendix 3H (Notification of cessation of securities)
- Oct 8, 2024
- 4 pages
Notification regarding unquoted securities - S32
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Oct 8, 2024
- 5 pages
September
South32 to reap $243m from Biden’s battery spending spree
South32 has joined mining minnow Element 25 as a major beneficiary of the Biden administration’s efforts to create a supply chain independent of China.
- Brad Thompson
August
South32 warns WA carbon emissions limits ‘way above’ reasonable
South32 has warned that the carbon emissions limits proposed by the WA government would far exceed those demanded by the federal government.
- Peter Ker
Cyclone damage bill at South32’s Groote manganese mine hits $171m
The lucrative operation is owned jointly with Anglo American. New filings show the two diversified miners are injecting more money to resume exports next year.
- Peter Ker
July
South32’s exquisitely timed downgrade
The company can’t be accused of timing things to its CEO’s benefit. But that doesn’t mean shareholders will like it.
- Myriam Robin
Obama silent on Harris; Seven US election stocks; Vendor’s $1.2m bonus
Read everything that’s happened in the news so far today.
- Updated
- Manufacturing
Environmental rules threaten survival of South32’s Worsley refinery
More than $1b was wiped off the value of South32 as it cut production guidance and warned forest protection rules threatened the future of a WA alumina refinery.
- Updated
- Peter Ker
June
Ignorance rather than greed behind Sandfire’s Indigenous blunder
An investigation conducted by Gilbert + Tobin concluded there was a “clear failure” by the copper producer’s former management to understand “ESG obligations”.
- Peter Ker
May
- Opinion
- Critical minerals
Critical mineral miners chase China’s tail
The sector has welcomed the 10 per cent production tax credits but the big question is where the additional investment to fund growth will come from.
- Jennifer Hewett
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This small cap has rocketed since South32’s manganese mine disaster
Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
- Tom Richardson
What a second Trump presidency could bring
The influential American conservative platform Project 2025 has spent two years crafting a 900-page proposal for key areas of immigration, tax and trade.
- Matthew Cranston
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
April
- Opinion
- Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
- James Thomson
South32 manganese mine repairs to take a year after cyclone in NT
Shares shot up 9 per cent in ASX-listed manganese producer Jupiter Mines after South32 confirmed global supply of the ore will be curtailed.
- Elouise Fowler
China’s biggest steel maker exits Queensland coal
Chinese state-owned steel maker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
- Peter Ker
Clock ticks on BlueScope’s dibs at South32’s $2.5b coal sale; DD afoot
The confidential deed grants BlueScope 60 business days to look at the books, followed by another 20 days to exercise its matching rights.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS, Barrenjoey, BofA top M&A league table in blockbuster-free quarter
Saint-Gobain’s $4.3 billion bid for building materials giant CSR was the biggest deal for the quarter with Barrenjoey and Lazard on for advice.
- Sarah Thompson, Kanika Sood and Emma Rapaport
South32 CEO has $8m reasons to rue that cyclone
Can he secure his long-term incentives for the first time since FY16? It’d be easier if not for Cyclone Megan.
- Updated
- Myriam Robin