South32

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of China took a serious toll on Australian metals miner South32 Limited’s results for the fiscal year of 2019, as the firm reported...

Events

South32 To Shed 500 Jobs At Hillside Aluminium Smelter In South Africa

In a bid to restructure operations and reduce costs, Australian metals miner South32 Limited announced earlier this week the laying off of around 500 workers at its Hillside aluminium smelter in KwaZulu-Natal, South Africa. According to the trade union Solidarity, South32 has begun the process with the government for shedding jobs at the plant, which […]

South32’s Profit Rises By 35 Percent In FY 19-20’s Front Half

Australian metals miner South32 Limited released results for the first half of FY 2018-19 on Thursday, turning in production numbers essentially level with previous periods but respectable growth in financial returns. In the fiscal year’s first half the firm reported revenue of US$3,811 million, up by 9 percent on the year from last year’s total […]

Maintenance Issues Hamper Production At South32 Alumina And Aluminium Facilities, But Production Forecasts Remain Unchanged

Australian metals miner South32 Limited released production results for the first quarter of FY 2019 yesterday, reporting lower outputs at both alumina and aluminium operations, but drops not sufficient to adjust yearly production estimates. In the just-ended quarter, South32 refined 1,159 thousand metric tons of alumina, off by 11 percent from the preceding quarter. Worsley […]