Wet Weather Leads To 8 Percent Drop In Expected Output At South32’s Mozal Aluminium
Australian metals miner South32 warned investors this week that output at many of its operations is likely to be lower...
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...
Australian metals miner South32 warned investors this week that output at many of its operations is likely to be lower...
Australian metals miner South32 is reportedly in talks with power provider Eskom to purchase nuclear power to run its Hillside...
Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par...
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 […]
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 […]
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 […]
Despite receiving record high prices for aluminium at its Hillside smelter, South32 continues to experience difficulties in clearing inventory at both Hillside smelter in South Africa and Mozal aluminium smelter in Mozambique. In comments made during a second-quarter production update on Monday, the firm said it is exploring options to move more aluminium product and […]
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 […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...