Edition:
United States

South32 Ltd (S32J.J)

S32J.J on Johannesburg Stock Exchange

3,025.00ZAc
23 Feb 2018
Change (% chg)

96.00 (+3.28%)
Prev Close
2,929.00
Open
3,003.00
Day's High
3,099.00
Day's Low
3,002.00
Volume
1,220,542
Avg. Vol
1,108,463
52-wk High
3,926.00
52-wk Low
2,304.00

Latest Key Developments (Source: Significant Developments)

South32 Ltd Posts HY Earnings Of $‍544​ Mln
Wednesday, 14 Feb 2018 04:57pm EST 

Feb 15 (Reuters) - South32 Ltd ::HY EARNINGS $ ‍544​ MILLION VERSUS $479 MILLION.HY REVENUE FROM CONTINUING OPERATIONS $ ‍3,494​ MILLION VERSUS $3,221 MILLION.‍ RESOLVED TO PAY AN INTERIM DIVIDEND OF US 4.3 CENTS PER SHARE AND A SPECIAL DIVIDEND OF US 3.0 CENTS PER SHARE​.‍LOWERED FY18 GUIDANCE FOR SUSTAINING CAPITAL EXPENDITURE, INCLUDING EQUITY ACCOUNTED INVESTMENTS, BY US$5M TO US$465M​.‍MAJOR PROJECT CAPITAL EXPENDITURE GUIDANCE FOR FY18 HAS BEEN INCREASED BY US$10M TO US$60M​.  Full Article

South32 Posts Q2 Alumina Production Of 1,262 KT
Tuesday, 16 Jan 2018 04:58pm EST 

Jan 17 (Reuters) - South32 Ltd ::Q2 ALUMINA PRODUCTION 1,262 KT VERSUS 1,279 KT IN PRIOR QUARTER.WORSLEY ALUMINA FY18 PRODUCTION GUIDANCE REMAINS UNCHANGED AT 4.0 MT ​.Q2 METALLURGICAL COAL PRODUCTION ‍788​ KT VERSUS 494 KT IN PRIOR QUARTER.Q2 MANGANESE ORE PRODUCTION ‍1,526​ KWMT VERSUS 1,304 KWMT IN PRIOR QUARTER.Q2 ALUMINUM PRODUCTION 246 KT VERSUS 249 KT IN PRIOR QUARTER.MAINTAINED FY18 GUIDANCE FOR ALL OPERATIONS WITH EXCEPTION OF SOUTH AFRICA MANGANESE.‍ REMAIN ON TRACK TO PRODUCE 4.5MT OF COAL AT ILLAWARRA METALLURGICAL COAL IN FY18​."ACTIVELY RESHAPING OUR PORTFOLIO WITH SOUTH AFRICA ENERGY COAL TO BE MANAGED AS A STAND-ALONE BUSINESS FROM APRIL 2018".INCREASED FY18 ORE PRODUCTION GUIDANCE FOR SOUTH AFRICA MANGANESE BY 8% TO 2,040KWMT‍​.  Full Article

Trilogy Metals says South32's Unit Owns About 6.5 Mln Shares in Co
Tuesday, 19 Dec 2017 11:08am EST 

Dec 19 (Reuters) - Trilogy Metals Inc ::TRILOGY METALS ANNOUNCES A NEW LARGE SHAREHOLDER AND THE COMPANY'S CEO SIGNIFICANTLY INCREASES HIS SHARE POSITION.TRILOGY METALS SAYS CEO RICK VAN NIEUWENHUYSE INCREASED SHAREHOLDINGS OF CO BY ABOUT 1.7 MILLION SHARES, OWNING ABOUT 2.6 PCT OF CO.UNIT OF SOUTH32LIMITED HAS BECOME NEW SIGNIFICANT SHAREHOLDER OWNING ABOUT 6.5 MILLION SHARES OR ABOUT 6 PERCENT OF SHARES​ OF CO.SOUTH32 HAS PARTICIPATION RIGHTS IN FUTURE FINANCINGS AT 20 PERCENT TO 40 PERCENT TO A MAXIMUM OWNERSHIP OF 19.9 PERCENT IN CO.EXPECTS TO ADVANCE DEVELOPMENT OF ARCTIC AND BORNITE PROJECTS IN AMBLER MINING DISTRICT​.  Full Article

Trilogy Metals Announces South32 To Fund Us$10 Million 2018 Program And Budget For The Bornite Project
Thursday, 14 Dec 2017 09:00am EST 

Dec 14 (Reuters) - Trilogy Metals Inc ::TRILOGY METALS ANNOUNCES SOUTH32 TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR THE BORNITE PROJECT.TRILOGY METALS INC - ‍SOUTH32 LIMITED HAS COMMITTED TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR BORNITE PROJECT​.TRILOGY METALS INC - SOUTH32 LIMITED HAS COMMITTED TO FUND US$10 MILLION 2018 PROGRAM AND BUDGET FOR BORNITE PROJECT.  Full Article

South32 Expects Sustaining Capital Expenditure Of $470 Mln In FY18​
Monday, 4 Dec 2017 05:28pm EST 

Dec 5 (Reuters) - South32 Ltd ::‍CONFIRM THAT SUSTAINING CAPITAL EXPENDITURE OF US$470M NOW EXPECTED IN FY18​.‍REAFFIRMS PRIOR FY18 PRODUCTION GUIDANCE FOR OPERATIONS.SALEABLE PRODUCTION OF 4.5MT IS NOW PROJECTED FOR ILLAWARRA METALLURGICAL COAL IN FY18 AT AN OPERATING UNIT COST OF US$130/T​.  Full Article

South32 To Manage South Africa Energy Coal As Stand-Alone Business
Monday, 27 Nov 2017 12:16am EST 

Nov 27 (Reuters) - South32 Ltd ::TO MANAGE SOUTH AFRICA ENERGY COAL (SAEC) AS STAND-ALONE BUSINESS FROM APRIL 2018​.‍SAEC REQUIRES ONGOING INVESTMENT TO SUSTAIN PRODUCTION AND MEET ITS TAKE OR PAY RAIL AND DOMESTIC SUPPLY OBLIGATIONS​.‍SAEC WILL CONTINUE TO BE CONSOLIDATED IN GROUP'S FINANCIAL STATEMENTS ON A 100% BASIS UNTIL THERE IS A CHANGE IN CONTROL​.‍MAY ULTIMATELY LIST SOUTH AFRICA ENERGY COAL ON JOHANNESBURG STOCK EXCHANGE.  Full Article

South32 ‍Approves 4.3 Bln South African Rand Klipspruit Life Extension Project At South Africa Energy Coal​
Monday, 27 Nov 2017 12:13am EST 

Nov 27 (Reuters) - South32 Ltd ::‍APPROVED 4.3 BILLION SOUTH AFRICAN RAND KLIPSPRUIT LIFE EXTENSION PROJECT AT SOUTH AFRICA ENERGY COAL​.DEVELOPMENT ACTIVITY IS EXPECTED TO COMMENCE IN CURRENT QUARTER WITH FIRST COAL EXPECTED FROM OPEN-CUT OPERATION IN FY19​.  Full Article

South32 says qtrly metallurgical coal production ‍494​ kt
Wednesday, 18 Oct 2017 05:27pm EDT 

Oct 19 (Reuters) - South32 Ltd :qtrly metallurgical coal production ‍494​ kt versus 1,437 kt in prior quarter.qtrly manganese ore production ‍1,304​ kwmt versus 1,314 kwmt in prior quarter.Maintained annual production guidance for operations ‍​.Confirmed will operate one Longwall at the illawarra metallurgical coal Appin mine across the remainder of fy18‍​.Qtrly aluminium production ‍249 kt versus 248 kt in prior quarter."‍fy18 production guidance for Illawarra metallurgical coal will be provided in due course"​.‍Longwall 707 is expected to be completed in june 2018 quarter​.  Full Article

South32 ‍concludes review into Illawarra metallurgical coal
Thursday, 12 Oct 2017 09:26pm EDT 

Oct 13 (Reuters) - South32 Ltd :‍Concluded its review into Illawarra metallurgical coal's operating systems and processes​.‍Completed remedial action required to safely and sustainably recommence production at Appin mine​.‍illawarra metallurgical coal produced 819KT of coal during Sept. 2017 quarter​.Unit operating costs and profitability will be significantly impacted by a lower rate of production in FY18​.‍Longwall 707 restarted production and co plans to operate a single longwall at Appin mine​.  Full Article

South32 to acquire additional shares in Arizona Mining
Thursday, 14 Sep 2017 04:49pm EDT 

Sept 15 (Reuters) - South32 Ltd :South32 to acquire additional shares in Arizona Mining.South32 Ltd - ‍entered over-counter equity forward contract to acquire up to an additional 15 million shares in Arizona Mining Incorporated​.South32 Ltd - acquiror will not acquire any interest in acquisition shares until such acquisition shares are delivered to acquiror on completion date.  Full Article

UPDATE 2-Australia's South32 says steel demand buoys H1; costs, buyback pace seen hitting shares

* Also plans 3 cents/shr special dividend (Recasts, adds CEO, analyst comment, shares)