Today we released our Quarterly Report for March 2024. During the period we delivered improved operating results and achieved significant milestones aligned with our strategy to transform our portfolio.
Read more and see the report: https://t.co/bSSqmjXjmy
We have today entered into a binding agreement to sell Illawarra Metallurgical Coal to an entity owned by GEAR and M Resources, consistent with our strategy to reshape our portfolio toward commodities critical in the transition to a low-carbon future.
The Buyers are established participants in the Australian metallurgical coal industry, with a strong commitment to environmental and safety standards, who are well positioned to continue IMC’s contribution to the local steel industry and the Illawarra and Macarthur regions.
This investment is a major milestone for our business, that further reshapes our portfolio toward commodities critical to a low-carbon future.
Read more about our investment to develop the Taylor project: https://t.co/uz46eQOBC0
Today we have released our half-year financial results for FY24, and announced the development of the Taylor deposit at our @South32Hermosa project in Southern Arizona.
Read more: https://t.co/gEX0tRQIO3
Alongside today’s results announcement, we have taken the next step in our portfolio transformation with a US$2.16 billion investment in the Taylor zinc-lead-silver deposit at our Hermosa project in Arizona, with first production expected in H2 FY27.
Today is #YouthDay in South Africa – an important occasion to honour the sacrifices and contribution of the students of the 1976 Soweto uprising, and to celebrate young people, their dreams and their achievements today.
To all of our colleagues and friends – happy Youth Day!
At South32, reconciliation is important to us, as it will help create an Australia for all. We recognise the role we can play in reconciliation celebrate National Reconciliation Week each year. From dancing to damper, we celebrated around Australia.
Since South32 was formed eight years ago, we have transformed our portfolio to focus on the commodities needed in a low-carbon world.
At this week's BofA Securities Global Metals, Mining and Steel Conference, our CEO Graham Kerr discussed our strategy and outlook:
As a covered FAST-41 project the federal environmental review and permitting process for Hermosa is expected to be more efficient and transparent.
Learn more: https://t.co/E8etkh4ZaR
Our Hermosa Project in Arizona has just been announced as the first mining project added to the FAST-41 dashboard by the US Federal Permitting Improvement Steering Council, recognising its potential to strengthen the domestic supply of critical minerals in the US.
Hermosa is currently the only advanced project in the US that could supply two federally designated critical minerals—manganese and zinc— which are essential minerals for powering the world’s clean energy future.
Today we released our March 2023 Quarterly Report. We achieved a 7% increase in Group copper equivalent production year to date, with record production at Australia Manganese and strong growth from our recent investments in copper and low-carbon aluminium. https://t.co/GXRb5LPkyW
We're pleased to share that one of our MADALAH Indigenous tertiary scholarship recipients, Flynn Bailey, has just become a South32 employee. Flynn is studying engineering at the University of Western Australia and will work with us part-time. Welcome to South32, Flynn!
Our thoughts are with everyone who has been impacted by the devastating floods in Mozambique. We have donated $US700,000 to international aid organisation Caritas, to support the flood response and recovery efforts in southern Mozambique. Read more: https://t.co/1pv96pRxUX