South32

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....

Events

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 a 25-percent fall in annual profits over the course of the year. According […]

South32 Alumina Production Jumps 9 Percent Last Quarter To 1,307kt

Australian metals miner South32 Limited updated investors on progress during the closing quarter of fiscal year 2019 yesterday. Overall alumina production in the June quarter rose by 9 percent, with Worsley Alumina leading the charge with a 12-percent jump in production. South32 reported a 1-percent increase of production for the year at Worsley Alumina, ending […]

Japanese Premiums For Aluminium Shipments Increase By 3 Percent In Third Quarter

Third-quarter premiums for Japanese aluminium shipments will rise by 3 percent to US$108 per metric ton thanks to a fall-off in supply that overrode apprehension over a possible drop in regional demand. The rise in premiums is the second consecutive rise, following an increase to US$105 per metric ton in April. Sources who spoke to […]

South32 Seals Contract With SRG Global For Engineering Services At Worsley Alumina

Australian metals miner South32 Limited named Western Australia specialist construction, maintenance, and mining services firm SRG Global as the long-term engineering provider for its Worsley Alumina bauxite operations. Per a filing with the ASX, SRG Global has agreed to a three-year contract to provide engineered access solutions, including scaffold services and rope-access technicians. The contract […]