S32
Director Trades
| Date | Director | Value |
|---|---|---|
| S. Pearce | $108,000 | |
| J. Nelson | $121,261 | |
| Stephen Pearce | $260,950 |
Company News
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 […]
South32 commits to critical minerals with major investment in US-based Taylor mine
South32 (ASX: S32) has taken another significant step forward in positioning itself to be an important critical minerals participant with final investment approval for the $3.3 billion Taylor development in the United States. The company believes that Taylor, the first development at South32’s high-profile Hermosa project in Arizona, has the potential to become a top-10 […]
Stanmore Resources expands Queensland interests with 50% acquisition of Eagle Downs coal project
Stanmore Resources (ASX: SMR) has signed a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 (ASX: S32) to acquire a 50% interest in the mothballed Eagle Downs coal project in Queensland and a 100% interest in Eagle Downs Coal Management. The acquisition will provide Stanmore with a fully-permitted development option for a […]
ACCC report boosts confidence in Australia’s gas industry
With a number of junior and major petroleum companies increasing their output, Australia’s gas industry says a new Australian Competition & Consumer Commission (ACCC) report has confirmed it is doing its bit to ensure the east coast of the nation will be well supplied into the future. The ACCC’s September 2023 interim gas inquiry report […]
The challenges facing a renewable energy rush
The great renewable energy rush is proving to be more difficult, and perhaps less profitable than expected, with a combination of rising costs and consumer resistance sounding a warning bell for investors. Most of the problems reported so far have affected big players in the renewables and critical metal sectors but small players are not […]
Ampol delivers record dividend, South32 scraps Dendrobium coal mine extension and APA CEO’s shock resignation
Ampol (ASX: ALD) has announced an interim dividend of $1.20 per share in its latest half year report – signalling the company’s largest interim dividend it has ever paid. The $1.20 per share dividend is an increase of 130% over the previous corresponding period’s, which was $0.52 per share. The company reported an 83% rise […]
Telstra acquires Digicel, Rio Tinto faces labour shortages and South32 sells base metal royalties to Anglo Pacific
Telstra (ASX: TLS) has announced it has completed a multibillion-dollar purchase of Digicel Pacific, a Pacific Islands telecommunications company. The reliable industry leader has been backed with funding from the Australian government, providing US$1.33 billion (A$1.98 million) through Export Finance Australia (EFA). Australia’s international development and the Pacific minister Pat Conroy said the telecommunications giant […]
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