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Mining company South32 released financial slides highlighting a 28% EBITDA growth and record margins for fiscal year 2026, primarily attributed to its strategic pivot toward base metals.
The multinational mining company highlighted robust production figures and improved margins during its second-half earnings call, benefiting from sustained global demand for aluminum and metals.
Mining company South32 has secured approval from the U.S. Forest Service for its proposed mine in Arizona.
Alcoa Corporation is set to acquire aluminum assets from South32 in a deal valued at $4.1 billion.
South32's new CEO is reportedly looking to shift the company's focus towards copper production, following a recent aluminum deal.
Eskom and South32 are collaborating on a project to provide renewable power to the Hillside aluminium smelter.
South32 has announced that its Mozal aluminium operations in Mozambique have been placed on care and maintenance.
Mining giant South32 signaled a potential strategic shift away from manganese production, prioritizing growth in copper and zinc markets to align with future commodity demand.
South32 announced a significant 61% increase in the ore reserve estimate for its Sierra Gorda project. This substantial rise in reserves indicates a greater potential for future mining operations at the site.
An analysis explores the potential opportunities behind Alcoa's $4.1 billion deal with South32, following a 9% drop in Alcoa's stock.
South32 has agreed to sell its aluminum assets to Alcoa in a deal valued at $5.6 billion. This significant transaction involves the transfer of key aluminum operations between the two companies.
Alcoa has reached a deal to acquire South32's alumina and bauxite assets, with the transaction valued at up to $5.6 billion. This acquisition will significantly expand Alcoa's aluminum operations.
Mining company South32 has revised down its manganese production outlook for Australia, citing the impact of a recent cyclone and potential risks from the Middle East.
South32 CEO Graham Kerr highlighted the company's strategic shift towards base metals, progress at the Hermosa project, and expansion plans for Sierra Gorda.
The diversified mining company reported quarterly revenue of $5.82 billion and updated investors on its production outlook and financial targets for the coming fiscal year.
Mining company South32 reported a lift in its H1 2026 EBITDA, leading to a 4.5% rise in its share price.
Aluminum producer Alcoa announced its intention to purchase assets from South32 in a transaction valued at $5.6 billion.
South32 has reached a conditional agreement to sell its aluminium assets to Alcoa for $5.6 billion, marking a significant transaction in the global metals industry.
Citi has designated South32 as a top mining stock pick, following an upward revision of its copper price forecasts.
South32 has idled its aluminum smelter in Mozambique due to high power costs, impacting its operations in the region.