south32 manganese news

Commenting in its fourth (June) quarter production report, the Sydney- and Johannesburg-listed diversified mining group also said it was continuing with a review of its Australian manganese alloys operations, TEMCO. Get in touch. South32 weighs up future of manganese alloy business February 14, 2020 News Vanessa Zhou Vanessa Zhou Groote Eylandt Mining Company operation (GEMCO) in the … South32 is a globally diversified mining and metals company producing bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. 3081 0 Share The latest South32 Limited [S32] news, articles, data and analysis from The Australian Financial Review SOUTH32 will book an impairment of $109m after putting its manganese alloys facilities in South Africa on care and maintenance. Case studies. South32 has maintained its full-year guidance for all operations except manganese, where strong performance has boosted South African production. Australia's South32 posts higher metallurgical coal, manganese output. "We finished the period with a net cash balance of $679 million and additional funds in our manganese joint venture as our key commodity markets benefitted from robust demand and pricing," Kerr said. Cultural Heritage. While its Australian manganese output remained robust, ore output from South Africa operations fell 35 per cent in the quarter, as virus-prompted restrictions disrupted logistics. South32’s South Africa Manganese saleable ore production decreased by 14 percent (or 309kwmt) to 1,878kwmt in FY20 as South32 responded to weaker market conditions during H1 FY20, reducing its use of higher cost trucking and undertaking an extended maintenance shut at its underground Wessels mine. South32 also said a review of the fair value of its interest in the joint venture was currently under way.. State-owned Transnet and diversified miner South32 on Thursday signed a seven-and-a-half-year manganese export capacity allocation (Meca) contract, allowing for the transportation of 2.6-million tonnes a year of export manganese and realising almost R10.4-billion in total value for Transnet. In the report, which covers the December quarter of 2017, South32 states that saleable manganese ore production at its South African operations increased 22 percent from the year-ago period to reach 633 kwmt. “Our manganese ore and alloy operations were placed on temporary care and maintenance at the start of the lockdown,” says South32’s March 2020 quarterly report, published on April 20. On Wednesday (January 17), South32 (ASX:S32) released its latest quarterly report, focusing largely on gains in manganese production. South32 has received South African government approval to undertake limited activity at its manganese ore and export coal operations during the national lockdown, remobilising at a reduced rate in April. Manganese ore production at Australia Manganese climbed 3 per cent from the previous quarter to 880,000 wet metric tonnes thanks to favourable ore characteristics. The royalty package consists of three gold royalties and one related non-gold royalty of immaterial value. 1-min read. South32 Limited ("South32") is pleased to announce it has entered into a binding agreement for the sale of a package of minerals royalties to Elemental Royalties Corp. ("Elemental"). 11/20: TRILOGY METALS: Announces the 2021 Program and Budgets for the Upper Kobuk Mine.. AQ. We delivered a 19 per cent increase in manganese ore production and a 22 per cent increase in metallurgical coal production. Community investment. Aug 13 (Reuters) - Australian diversified miner South 32 Ltd said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. Working with communities. “South32 has made a commitment to carbon neutrality by 2050, and our broader capital-management strategy is consistent with that,” Wood said. South32's initial offers for Australian lump manganese ore with 45% Mn, for December delivery to China, came in at $4.42/mtu, down $0.08/mtu from a month ago. Human rights. The world’s largest producer of manganese ore produced 1.23m wet metric tonnes of the commodity in the quarter ended June 30, compared with 1.29m wmt a year earlier. South32 said its average realised price for external sales of Australian manganese ore was a 7% discount to the high grade 44% manganese lump ore index in 2020. Our communities. South32 has increased production of both metallurgical coal and manganese during the September quarter of this year. Manganese production in South Africa will be curtailed, as the country locks down in the face of coronavirus. South32 maintained full-year guidance for all of its operations. South32 describes itself as the largest producer of manganese ore and a major source of manganese alloys, which is mainly used to make steel, giving it strength. South32’s association with the Tasmanian Electro Metallurgical Company (TEMCO) is set to come to an end after it agreed to sell its stake in the manganese alloy smelter to an entity within the GFG Alliance. Production of manganese ore in Australia increased by 13 percent to a record 3.4 million wmt. Community & society. South32, headed by CEO Graham Kerr, also progressed the review of its Australian manganese alloy smelter, Temco, and the company expects to book related pretax, noncash impairment charges of $109-million in its FY20 financial results. The company has a 60 per cent stake in the joint venture, with Anglo American owning the remaining 40 per cent.. S32 Share News. Elsewhere, alumina production was up 4%, including a record in Brazil and a better performance at Worsley Alumina in Western Australia. South Africa has resorted to a 21-day closure period and South32 has indicated this will affect manganese mining and the remaining furnace at Metalloys. South 32 says it is on track to achieve cost guidance for most of its production, but has reported a four per cent fall in manganese production. Beyond manganese, South32 released noteworthy results for some of its other commodities. 11/16: SOUTH32: Cannington Renews … South32 Ltd on Monday posted a smaller-than-expected drop in fourth-quarter manganese ore output and said it would book a near $100 million non-cash impairment charge on its manganese … ... All news about SOUTH32 LIMITED: 11/25: SOUTH32 LIMITED: - Agreement to Divest Select Precious Metal Royalties: AQ. Financial News Articles for South32 Limited Ord Npv (Di) updated throughout the day. Transparency. Cette entité regroupe notamment des mines d'aluminium et de manganèse de BHP. South32 posted manganese production of 1.18 million wet metric tonnes for the September quarter, down four per cent, while its metallurgical coal production fell by 32 per cent to 1.43 million tonnes. South32, manager of the Samancor Manganese JV, will delay the restart of three of the four high-carbon ferromanganese furnaces at its Metalloys manganese alloy operation in South Africa.. 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