South32, owner of the Hermosa manganese-zinc mine, has selected Nogales, Ariz., as home to its remote operations center following a two-year analysis of options. Full story.
Read MoreSouth32 selects Arizona site for ROC
Tag: South32
South32 halts operations at Groote Eylandt
South32 withdrew its forecast for Australian manganese output after it was forced to temporarily suspend operations at its Groote Eylandt Mining Co (GEMCO) unit due to Tropical Cyclone Megan, reported Reuters. The diversified miner initially forecasted a production of 3.4 million wet metric tons (amt) of manganese in fiscal 2024, slightly lower than the 3.5 million amt output in fiscal…
Read MoreSouth32 closes door on coal with Illawarra sale
Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…
Read MoreStanmore snatches up South32’s share of Eagle Downs
Western Australia-based South32 said its subsidiary South32 Eagle Downs has agreed to divest its 50% interest in the Eagle Downs metallurgical coal project in Queensland to a Stanmore Resources subsidiary. The miner, which owns the project along with China Baowu subsidiary Aquila Resources, is divesting its interest for US$15 million. The transaction is expected to be completed by year’s end.…
Read MoreSouth32 evaluating Colombian nickel complex on price drops
South32 revealed in its quarterly production and earnings report this week that it will be placing its Cerro Matoso nickel operation in Colombia under a strategic review following a reduction in prices paired with a production shortfall. The complex’s payable nickel production in 2H23 was 18.3 million tonnes, down 10%, despite the miner’s outlook of 40.5Mt full-year while eyeing higher…
Read MoreSouth32 Hermosa continues trek forward
A group of students and instructors from across multiple disciplines from the Missouri University of Science and Technology (S&T) were selected as one of seven finalists in NASA’s 2023 Breakthrough, Innovative, and Game-Changing Idea (BIG Idea) Challenge: Lunar Forge. Full story.
Read MoreUnderground miners strike at South32’s Appin
Australian miner South32 said it will halt some of its operations at the Appin coal mine in New South Wales during a week-long strike by underground mining supervisors, reported ABC News. Full story.
Read MoreSouth32 completes interest acquisition in Sierra Gorda
Australia-based and globally focused South32 said 22 February that it has completed its 45% interest acquisition in the Sierra Gorda copper operation in northern Chile from Sumitomo. The final price tag was US$1.4 billion cash plus a contingent price-linked consideration component that will be up to $500 million. It will be due when copper production rated in 2022-2025 meet certain…
Read MoreAustralian mine sends workers into isolation amid COVID outbreak
Seventeen workers at the South32 Appin Colliery in New South Wales, west of Sydney, have contracted COVID-19, sending the underground miners into a quarantine.
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