South32 rides the energy transition wave
Despite setbacks, South32 has maintained strong production guidance, especially in its aluminium and base metals divisions.
Read MoreTag: S32
South32 secures US government grant for manganese project
Mining giant South32 (ASX:S32) has become another Australian company to receive a renewable industry grant from the US Government.
Read MoreSouth32 reports 60% earnings drop
Global miner South32 (ASX:S32) reported a 60% fall in underlying earnings for the 2023-24 financial year, but it tempered the impact of this significant drop with a new $US200 million share buyback following the sale of its Illawarra Metallurgical Coal business.
Read MoreSouth32 faces another financial hit
South32 (ASX:S32) is facing another loss-laden financial report next month after revealing a second round of significant write-downs in asset values.
Read MoreCyclone Megan hits South32
South32's (ASX:S32) Groote Eylandt manganese mining and export operations in the Gulf of Carpentaria look set to remain offline for another year following Cyclone Megan, which devastated the area in mid-March.
Read MoreSouth32 withdraws June production guidance
Damage caused by this week’s cyclone in the Gulf of Carpentaria has seen South32 (ASX:S32) withdraw its 20 June 2024 production guidance for its Australian manganese business on Groote Eylandt.
Read MoreAnalysis of Sandfire Resources, Cleanaway Waste Management, South32 and copper
Fund Manager Chris Pedersen discusses Sandfire Resources, Cleanaway Waste Management, South32 and the outlook for copper.
Read MoreWill BlueScope muscle in on South32’s deal?
The steelmaker is the major customer for the high-quality coking coal from the mine, and under its current contract, it has a first right of refusal should the mine be put up for sale.
Read MoreSouth32 agrees to $US1.65 billion sale of Illawarra Metallurgical coal mine
South32 (ASX:S32) has agreed to sell its Illawarra Metallurgical Coal mine and processing plant, located south of Sydney, to Indonesian and Australian buyers for up to $US1.65 billion.
Read MoreSouth32 slashes dividend
In a move reflective of the challenges facing the global mining sector, South32 (ASX:S32), a prominent player in the industry, has announced a substantial reduction in its interim dividend.
Read MoreSouth32 expects 3% lower full-year output
South32 (ASX:S32) announced on Monday that it expects its full-year group output to be 3% lower than previously forecast.
Read MoreSouth32 confirms 2023-24 production guidance
South32 (ASX:S32) may have reaffirmed its 2023-24 production guidance, despite an 18% drop in coking coal production in the first quarter. However, this confidence has not deterred the miner from initiating cost-cutting measures.
Read MoreSouth32 Reports Annual Loss Due to Accounting Cleanup, Plans Dividend and Capital Boost
An anticipated accounting cleanup has resulted in South32 (ASX:S32) reporting a loss for the fiscal year ending on June 30. However, despite this loss, shareholders are set to receive a reduced dividend along with an additional $US50 million through the ongoing buyback program.
Read MoreSouth32’s $1.3bn setback on Hermosa project
Shares in mining giant South32 (ASX:S32) are down 2.36 per cent to $3.73 at 1.50pm AEST after it warned of a $1.3 billion hit on its Hermosa project's zinc-lead-silver Taylor sulphide deposit.
Read MoreHermosa’s Prospects Rising Fast for South32
South32’s proposed Hermosa manganese and zinc mine in the US has become the first mining project added to an American government fast track process.
Read MoreResource Nuggets: FMG, S32
Challenges abound for the resources space at the moment, as attested to by the flat performances of two local majors in this past quarter, Fortescue and South32.
Read MoreBig Oz Miners Look to Be Off the Hook in Chile
The news has slipped past most investors, but the copper mining interests of BHP, Rio Tinto and South 32 look likely to escape any punitive new taxes from the leftist government of Chile.
Read MoreResource Rumblings: WHC, S32, EVN
The reporting season rolled on Thursday with half-yearly results out from three of the local mining fraternity: South32, Evolution Mining and Whitehaven Coal.
Read MoreCost Containment Helps South32 Hit its Targets
A solid December quarter for South32, which reported quarter on quarter production growth across most of its commodities while the half-yearly performance was a little weaker.
Read MoreWeak Coal Performance Slows South32’s Spin
Shares in South32 peaked early in Monday trade then slid as investors combed through its September quarter report and gave it a mildly negative reading.
Read MoreSouth32 Headed Decidedly Northward
South32 has joined the growing parade of Australian resource companies producing strong results, reporting an annual profit of nearly $A4 billion in the year to June.
Read MoreMining Morsels: OZL, S32
Updates on Monday from major miners OZ Minerals and South32 told a similar story of disruptions caused by the usual suspects and higher input costs impacting their bottom line.
Read MoreMarket Murmurs: ORG, S32
Wednesday’s ASX trading session has come and gone, with some major – and majorly bad – news for Origin Energy among the day’s tidings, along with expansion plans for South32.
Read MoreS32 – Citi rates the stock as Buy
Citi retains a Buy rating and $5.50 target price.
Read MoreS32 – UBS rates the stock as Buy
The broker lowers its target price to $6.00 from $6.30. Buy rating retained.
Read MoreS32 – Credit Suisse rates the stock as Outperform
Outperform rating and $6 target unchanged.
Read MoreSouth32 Remains on Track for Strong Year
South32 maintained its June 30 guidance after strong reports from its alumina, aluminium, nickel and coking coal operations in the March quarter added to the record half year performance.
Read MoreS32 – Macquarie rates the stock as Outperform
Macquarie maintains its Outperform rating and $7 target price.
Read MoreStock Snippets: WPL, WES, TLS, S32
Another busy day on the Australian bourse. Here’s the latest from some of the companies at the bigger end of town – Woodside Petroleum, Wesfarmers, Telstra and South32.
Read MoreCannington the Shining Star in South32 Result
South32 shares lost 3.6% to close at $3.94 on Monday despite solid December quarter numbers from its Cannington silver-lead mine in North West Queensland.
Read MoreS32 – Morgans rates the stock as Add
As Sierra Gorda in Chile nears completion, Morgans incorporates the recently acquired copper operations into forecasts, triggering a rating upgrade to Add from Hold. The target price rises to $4.10 from $3.77.
Read MoreSouth32 Comes Back to Earth as Production Dips
Just a week after revealing a huge South American copper move valued at $2.8 billion, South32 revealed a 15% slide in hard coking coal production – mostly at its mines south of Sydney.
Read MoreS32 – Morgans rates the stock as Hold
The broker retains its Hold rating and the target price is adjusted to $3.74 from $3.65.
Read MoreSouth32 Makes Huge Move into Chile
South32 has followed Sandfire Resources and Newcrest in committing to a copper-led future with a $A2.8 billion plunge into the Chilean copper industry where it will join its former parent, BHP.
Read MoreS32 – UBS rates the stock as Buy
Estimates are upgraded and a Buy rating is reiterated. Target rises to $4.10 from $3.40.
Read MoreS32 – Citi rates the stock as Buy
On revised forecasts, South32 remains a Buy while the price target moves to $3.80 from $3.50.
Read MoreProfit Briefs: NCM, S32, EVN, ORG
With peak reporting season upon us, here are snippets from the results announced yesterday by resource companies Newcrest, South32, Evolution Mining and Origin Energy.
Read MoreS32 – Morgans rates the stock as Hold
The broker maintains its Hold rating and lowers its target price to $3.15 from $3.25.
Read MoreSouth32 Takes $1bn Hit on Illawarra
South32 has revealed plans to write-down nearly $A1 billion worth of value from its Illawarra hard coking coal export business in its 2020-21 annual results next month.
Read MoreS32 – Credit Suisse rates the stock as Upgrade to Outperform
Credit Suisse lifts the rating for South32 to Outperform from Neutral and raises the target price to $3.60 from $3.
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