South32 Boosts Aluminium Production By 15% In FY2023

South32 Boosts Aluminium Production By 15% In FY2023

Australian metals miner South32 reported results for the fiscal year ending on June 30. The difficult market for raw materials, coupled with a rise in materials costs and logistical difficulties occasioned by the Russian invasion of Ukraine drew down the firm’s bottom...


Alba And South32 Agree On Decade-Long Alumina Supply Agreement

Australian metals miner South32 announced last week a new alumina supply agreement with Aluminium Bahrain B.S.C. (Alba). The new agreement will run for ten years beginning in 2023 and volume options in the agreement allow the supply requirement to increase by 1.25 million metric tons per annum. Alba benefits from the new arrangement by having […]

South32 Aiming To Double Green Aluminium Production By Late 2023

Australian metals miner South32 is well on its way to becoming a global, diversified metals firm thanks to the significant changes the firm has undergone in the past year, noted the company’s chief development officer Simon Collins in a virtual conference held last week. Collins told the Prospectors & Developers Association of Canada online conference […]

South32 Increases Its Share In Mozal Aluminium To 63.7 Percent

Australian metals miner South32 announced this week that it has purchased an additional 16.6 percent of Mozal Aluminium from MCA Metals Holding GmbH for about US$200 million. Per the firm, South32’s ownership of Mozal Aluminium now totals 63.7 percent, giving it an equity share of production of 281 thousand metric tons for the current fiscal […]

South32 Negotiates US$1.4-Billion Sustainability Linked Revolving Credit Facility

Australian metals miner South32 announced this week the successful refinancing of a US$1.4 billion sustainability-linked revolving credit facility. The new, five-year loan is among the mining industry’s first sustainability-linked credit facility. The facility, which includes an option to extend by two more years, includes benchmarks for reducing emissions and improving efficient use of electricity and […]