ASX trims gains; Godfreys to shut down
Sierra Rutile soars on unsolicited bid. Iconic retailer Godfreys to shutter. OreCorp lifts amid Perseus, Silvercorp tussle. Amcor falls on CEO’s retirement. Listed minnow slapped with huge fine.
South32
More coal asset sales on the cards
South32’s bumper $2.5bn sale of Illawarra Metallurgical Coal raises the prospect EMR Capital will now bring its Kestrel mine to market.
South32 makes a $2.5bn Illawarra coal exit
Mining group South32 is selling its Illawarra coal site to a Ferrari-loving millionaire and a Singapore investment house.
BofA on the ticket for $2.5bn Illawarra Met Coal deal
South32 is believed to have had plans to sell its Illawarra coal operations for more than six months.
ASX 200 jumps to record high
ASX 200 hits all-time intraday high, just misses closing record, with end-of-month buying a factor. Plastics manufacturer Qenos may shut plants. Star, Ramsay Health Care and Harvey Norman gain.
South32 green lights Arizona mine as earnings fall
The mining major has ticked off on the development of a new $US2.2bn mine in the US, cancelling its share buyback to conserve cash as commodity prices fall.
ASX falls from record; Fortescue exec quits
Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision.
ASX 200 gains; Perseus bid for OreCorp
Critical minerals pullbacks by Liontown, Chalice, South32 and Andrew Forrest’s Wyloo. OreCorp battle heats up. Appen plunges after losing Google contract. Zip gains.
ASX at 12-month low; TWE lifts; South32 down
Qantas’ frequent flyer overhaul after complaints. Treasury Wine lifts on potential China rebuild plans. South32 down on weak quarter. Propel Funerals gains on bid dismissals.
Coronado interest in South32’s Illawarra operation
Coronado Global Resources is believed to be in talks with South32 about buying its Illarwarra Metallurgical Coal operations.
South32 hails US metal project despite writedown
South32 chief executive Graham Kerr says the company’s Hermosa project in the US is still valuable to it, despite taking a massive impairment on the asset.
South32 may revive plans to offload Illawarra Coal
There’s renewed speculation South32 is considering placing its $1bn metallurgical coal operations on the market.
South32, Sandfire on common ground
South32 and Sandfire Resources may not be fierce competitors for Khoemacau, but possibly allies in the race.
Top miners bow out of Chalice Mining sale process
Top Australian miners Rio Tinto and South32, along with Anglo American are understood to have moved on from Chalice Mining ahead of the deadline for first round bids.
South32 joins confession season with huge US writedown
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.
ASX flat; Core Lithium, South32 among losers
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.
South32, Sandfire eye Botswana copper mine
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 interested in Botswana copper mine
South32 is keen to invest further in copper and has taken part in the sale process for other global assets.
South32 battered on multiple downgrades
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.
ASX ends down 0.1pc; iron ore falls hit miners
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.
Original URL: https://www.theaustralian.com.au/topics/south32/page/2