Graham Kerr

South32 Boosts Stake In Mozal Aluminium By 15 Percent

South32 Boosts Stake In Mozal Aluminium By 15 Percent

Australian metals miner South32 increased its share in Mozambique’s Mozal Aluminium earlier this week, increasing its stake in the aluminium smelter to slightly over 72 percent. South32 bought the additional 15 percent share from Mitsubishi subsidiary MCA Metals Holding for US$250 million....

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Record Alumina and Aluminium Production Boost South32’s FY2017 Results

Australian metals miner South32 Limited reported results for fiscal year 2017 on Thursday. The firm turned in strong performances across the board over the course of the fiscal year ending on June 30. Revenue for the year totaled US$6,950 million, a 20-percent improvement over last fiscal year’s revenue total of US$5,812 million. The firm turned […]

South32 Not Planning to Restart Idled Aluminium Capacity Before 2018

Australian metals miner South32 indicated on Thursday that it does not expect to reopen idled capacity at its aluminium and manganese operations in southern Africa in the course of the next two years. The firm idled the capacity in question due to a combination of depressed prices and an unreliable power supply in the region. […]

South32 Posts Solid Numbers for Just-Ended FY2016

Australian metals miner South32 released its Quarterly Report last week. The firm’s numbers met or exceeded FY2016 guidance for the just-ended financial year. According to the report, South32 produced 963,000 metric tons of aluminium, which was slightly less than the one million tons produced the previous year. South African aluminium remained level at 697,000 metric […]