South32 has reported a 5% increase in its aluminium production for the first quarter of the financial year, reaching a total output of 298,000 tonnes. This surge is attributed mainly to its South African Hillside Aluminium smelter, which has remained a linchpin in the company’s global operations. The uptick is part of South32’s broader strategy […]
In a significant development within the mining and resources sector, South32 (ASX:S32), a global mining and metals company, has entered into an agreement to sell its Illawarra Metallurgical Coal operations to a consortium led by Golden Energy and Resources (GEAR) and M Resources. The deal, valued at up to US$1.65 billion, marks a pivotal move […]
Stanmore Resources Limited (ASX: SMR) has announced the signing of a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 Limited to acquire a 50% interest in the Eagle Downs metallurgical coal project. This significant transaction also includes a 100% interest in Eagle Downs Coal Management Pty Ltd (EDCM) and associated assets, marking […]
Tata Consultancy Services (TCS) has been roped in as a strategic partner by Australian mining and metals company South32 to improve its IT operating model for increased operational resilience and business agility. Under the multi-year managed services partnership, the Indian IT services firm will provide South32 application and infrastructure services that are highly important to […]
The Samancor Manganese joint venture (JV), owned by South32 and Anglo American, has agreed to sell its stake in Tasmanian Electro Metallurgical Company (TEMCO) held by subsidiary Groote Eylandt Mining Company (GEMCO) to an entity within British business tycoon Sanjeev Gupta’s GFG Alliance. The deal involves the sale of the TEMCO smelter in Bell Bay, […]