ASX $50bn wipeout on China fears
Investors wipe $50bn off ASX amid broad sell off. Big losers include BHP, Fortescue Metals, Rio Tinto, South32 and Woodside Petroleum with falls of 4.3-7.9 per cent. EML tanks on profit warning.
South32
South32 wins pilot methane capture project
ASX-listed South32 will establish a new facility to tackle fugitive methane emissions at its Illawarra coal mine after receiving a $15m grant from the NSW government.
South32 shines with ‘future-facing metals’
South32, a company spun off by BHP in 2015, is now knocking on the door of the ASX top 20 club with a $22bn valuation.
South32 abandons smelter sale to Russia-linked firm
Manganese alloy major Satka has operations in Russia in a disputed region of Ukraine. Now its deal to buy South32’s South African manganese alloy smelter has collapsed.
South32 still on the hunt for assets
South32 has spent the last five years slimming down, but CEO Graham Kerr wants to find at least one more operating mine for its portfolio.
Labour, supply chain bottlenecks hit South32
South32 has seen a decline in coal and manganese output as it warns supply chain bottlenecks and labour shortages will impact the business.
South32 bullish on aluminium call
Aluminium is another bright spot in the commodity market as curtailed smelting capacity returns to the market.
Covid warning at Northern Territory mine
South32 says it has detected a second case of Covid-19 at its Groote Eylandt manganese mine in the Northern Territory.
ASX 200 flat in mixed trading
Australia’s share market was flat in mixed trade before Thanksgiving; EML soared on regulatory news, iron ore miners rose, banks fell.
ASX 200 closes up just 0.26%
The S&P/ASX 200 index closed at 7381.1 points with miners and banks leading the way, although economic data from China and New Zealand stoked inflation fears and sent bond yields up.
South32 joins offshore copper rush
South32 has all-but completed its transformation into a base metals company after joining the rush for overseas copper assets.
South32 taps three lenders for Sierra Gorda acquisition
South32 has paid up big to secure a major stake in one of the world’s most valuable copper mines, Sierra Gorda.
ASX200 ends +0.5%; S32 jumps
The ASX200 rose 0.5% as US index futures gains added to positive leads from Wall Street. The IT and Materials sectors led gains with Afterpay up 4.5% and South32 up 4.9%.
AMCI circles Eagle Downs
Private equity firm AMCI is being tipped as a likely buyer of South32’s Eagle Downs project that is up for sale through Macquarie Capital.
ASX closes up 0.6%, banks, CSL, BHP gain
Iron ore futures -12% in 2 days, ASX 200 gives up early strong gains, closing 0.6 per cent higher. Bank stocks, plus CSL, BHP, South32 gain. Jobless rate fell to 4.5% but employment dived.
ASX ends up 0.2%, Fortescue, South32 gain
The ASX 200 has closed 0.2 per cent higher, led by Fortescue Metals and South32. Iron ore giant’s profit more than doubled. Crown Resorts swings to loss, no dividend.
South32 needs shift in coal outlook
South32 is unlikely to back the development of its $1.5bn Eagle Downs coking coal project without a significant shift in the long-term outlook for the commodity.
South32 takes $1bn coal hit after rejection
South32 has cut the value its Illawarra coal assets after failing to win approval for a major extension of the NSW mine, putting thousands of jobs at risk.
South32 sets sights on $3.9bn assets in Spain, Chile
Australian mining group South32 is believed to be exploring offshore acquisitions collectively worth about $US3bn ($3.9bn) in Spain and Latin America.
South32, Newcrest lead push to turn green
South32 has set medium-term carbon reduction targets for the first time, a day after closing the deal to exit thermal coal.
Original URL: https://www.theaustralian.com.au/topics/south32/page/4