South32
South32 shares slugged as WA alumina refinery comes under cloud
South32 will slash $830 million off the value of its WA alumina business in response to proposed environmental protections the miner says threaten the viability of its operations in the state.
- by Peter Milne
Latest
WA jarrah forest clearing given green light for Worsley bauxite mining
The OK for South32 to clear 39 square kilometres of jarrah forest near Boddington has been slammed as disgraceful by environmental groups.
- by Peter Milne
The WA companies that boomed and bombed in 2023
Normally, the saying is you need money to make money, but in WA it seems you need ore to make more – and keep a close watch on China, costs and the energy transition.
- by Peter Milne
Boards wary about splashing dividend cash as growth slows
Boards are taking a cautious stance on lifting dividends as businesses face rising costs and an economy that is slowing because of steep interest rate rises.
- by Clancy Yeates
South32 price slumps after slashing $1.9b from value of US mine
South32 has slashed the value of a key mine it is developing in the United States by $US1.3 billion after the project was hit by a blowout in construction costs and delays.
- by Peter Milne
Exclusive
Mining
‘Forest disappearing on its watch’: WA botanist blows whistle on mining rehab ‘slip’
“They’ve cleared so much, so quick, if we don’t stand up, if we remain silent, the biodiversity will be gone,” the botanist warned.
- by Jesinta Burton
Having defied its critics, what’s the next chapter for South 32?
When it was spun out of BHP with a mix of assets deemed non-core by the mining giant, commentators were variously calling it “CrapCo” or “DudCo”. Several years later, many of its commodities are in strong demand.
- by Nick Toscano
All systems go on hydrogen for Fortescue as iron ore output falters
Details of the miner’s further diversification into green hydrogen remain elusive, even as its $5.9 billion Iron Bridge magnetite project finally gets ready to deliver the goods.
- by Peter Milne
Jarrah forests get small reprieve after Alcoa drops bauxite export plan
Alcoa will only use bauxite mined in WA’s jarrah forests in its local refineries in a decision that will slightly reduce its impact on a threatened ecosystem.
- by Peter Milne
Alcoa wears $240m mining approval delay to keep ‘critical’ WA onside
The US aluminium giant is confident it can mine the WA jarrah forests critical to its business for decades despite a short-term environmental approval delay.
- by Peter Milne
Surging prices sweep South32 to bumper profit
Robust aluminium and metallurgical coal prices have helped tip the BHP spin-off from a loss last year to a $3.87 billion annual profit.
- by Peter Milne
Original URL: https://www.smh.com.au/topic/s32-1fo