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Encounter Resources and South32 Launch Major Exploration at Jessica Copper Project
Encounter Resources (ASX: ENR) and joint venture partner South32 (ASX: S32) have commenced further exploration activities at their Jessica copper project in the Northern Territory. The new program of work under Encounter’s farm-in agreement with a wholly owned subsidiary of South32 includes a large program of geophysics and drilling planned in 2025 and will begin […]
Noronex and South32 join forces to accelerate large-scale copper exploration in Namibia
Junior explorer Noronex (ASX: NRX) has secured an earn-in agreement and strategic alliance with a wholly-owned subsidiary of South32 (ASX: S32) to accelerate copper exploration in Namibia. South32 has committed to fund $15 million in exploration over five years at Noronex’s Humpback-Damara project in the Kalahari copper belt and will earn up to 60% equity […]
South32 halts guidance as cyclone Megan batters manganese operations on Groote Eylandt
South32 (ASX: S32) has confirmed it is withdrawing guidance for its Australia Manganese unit after its Groote Eylandt operations in the Northern Territory were hit hard by tropical cyclone Megan. The company recently forecast Australia Manganese would produce 3.4 million wet metric tonnes for FY 2024. However, it has had to temporarily suspend the Groote […]
South32 streamlines portfolio with $2.5b divestment of Illawarra Metallurgical Coal
Australian diversified mining company South32 (ASX: S32) has agreed to divest its Illawarra Metallurgical Coal project in New South Wales to an entity owned by Golden Energy and Resources and M Resources for up to $2.5 billion. The deal will help simplify South32’s portfolio and allow it to focus on operating positions and growth options […]