South32 Ltd shares down Tuesday, underperforms the Materials sector
Here is the latest company close update for South32 Ltd, S32.
Here is the latest company close update for South32 Ltd, S32.
IGO could be the frontrunner for Rio Tinto’s Winu Project, although BHP spin-off South32 is also said to be interested.
The White House’s scramble to secure critical minerals has played to mining giant South32’s strength, with the US government selecting its Hermosa project in Arizona for a $244m grant.
First round offers have landed for Anglo American’s coal mines, but market moves by Illawarra Coal’s new owners could sway the result.
Matt Latimore, the little-known owner of M Resources, has just bought South32’s Illawarra coal assets for $2.4bn, his latest big bet that there’s plenty of life in coal yet.
The miner has questioned the Western Australia government’s rationale for proposed emissions reductions at its Worsley expansion, which it says go way beyond national requirements.
WATCH LIVE: Westpac CEO Peter King speaking during parliamentary Q&A. CBA boss vows to continue lending to gas projects. Ellison’s fortunes hit in MinRes dive. Qantas, South32 flag buybacks as profits fall. Cettire down on profit slump.
South32 is becoming a point of focus among deal makers, with expectations growing it could be about to embark on some sort of transformational corporate activity.
South32 has warned the long-term viability of its Worsley alumina operations is in doubt due to ‘beyond reasonable’ environmental conditions.
The sharemarket has closed in the red for a third day, hurt by US losses and profit fears. Woodside snaps up Tellurian. NZ retail chain The Warehouse buyout potentially on horizon. Iress jumps on updated guidance. South32 smashed on $500m-plus impairment.
The Australian major joins the likes of Rio, Hastings, BCI, IGO and a host of other miners flagging blowouts and writedowns ahead of reporting season.
Energy, property stocks up. Suncorp to ‘support’ ANZ merger process amid ACCC delay. ‘Short-term risks’ weigh on Monadelphous. South32 flags $US1.3bn Hermosa hit. Core cuts output.
Buying the $US2bn copper mine Khoemacau in Botswana is not looking like an easy exercise for Sandfire Resources or South32, with competition for the asset shaping up to be fierce.
South32 is keen to invest further in copper and has taken part in the sale process for other global assets.
South32 shares have been pummelled as the company became the latest miner to reduce guidance in the wake of wet weather and broader issues across its global operations.
REITs rally as miners and energy stocks fall. Iron ore at five-month low. Invocare dives as TPG walks. South32 tanks on production miss. Bluescope ups outlook on steel prices.
Manganese is mostly used in the steel industry but demand from the booming battery market is rising fast. These ASX miners are ready to take advantage.
Staff lured to work for Fortescue Future Industries on the promise of doing good as well as earning big wages now face the axe.
Shares edge up slightly led by tech. Sezzle rockets 38 per cent on profit beat. Pilbara jumps on broker upgrade. Karoon rises after reserves boost. AFIC boosts dividend.
South32 has joined the mining industry attack on Queensland’s decision to hike payments without consulting the sector.
Original URL: https://www.theaustralian.com.au/topics/south32