REG - South32 Limited - Sale of Manganese Alloy Smelter will Not Proceed

South32Announcement

07/03/2022 07:16

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RNS Number : 8283D  South32 Limited  07 March 2022

 South32 Limited

 (Incorporated in Australia under the Corporations Act 2001 (Cth))

 (ACN 093 732 597)

 ASX / LSE / JSE Share Code:  S32; ADR: SOUHY

 ISIN:  AU000000S320

 south32.net

 

7 March 2022

 

SALE OF METALLOYS MANGANESE ALLOY SMELTER WILL NOT PROCEED

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that the
sale of the Metalloys manganese alloy smelter (Metalloys) agreed by Samancor
Manganese Proprietary Limited and Satka Investments Proprietary Limited in
November 2021, will not proceed. This follows a failure to satisfy certain
commercial conditions to the agreement.

Production at Metalloys ceased in March 2020 and the site is expected to
remain on care and maintenance as we assess future options for the smelter.

About the Samancor Manganese Joint Venture

The Samancor Manganese Joint Venture is owned 60 per cent by South32, with the
remaining 40 per cent held by Anglo American plc. The Joint Venture holds
ownership interests in the Mamatwan and Wessels manganese mines and Metalloys
manganese alloy smelter in South Africa and the GEMCO manganese mine in
Australia.

 

About us

South32 is a globally diversified mining and metals company. Our purpose is to
make a difference by developing natural resources, improving people's lives
now and for generations to come. We are trusted by our owners and partners to
realise the potential of their resources. We produce commodities including
bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical
coal and manganese from our operations in Australia, Southern Africa and South
America. With a focus on growing our base metals exposure, we also have two
development options in North America and several partnerships with junior
explorers around the world.

 Investor Relations
 Alex Volante                                    Tom Gallop

T         +61 8 9324 9029
T         +61 8 9324 9030

M        +61 403 328 408
M        +61 439 353 948

E         Alex.Volante@south32.net
E         Tom.Gallop@south32.net
 Media Relations
 Jamie Macdonald                                 Miles Godfrey

T         +61 8 9324 9000
T         +61 8 9324 9000

M        +61 408 925 140
M        +61 415 325 906

E         Jamie.Macdonald@south32.net
E         Miles.Godfrey@south32.net

Further information on South32 can be found at www.south32.net
(http://www.south32.net) .

Approved for release by Graham Kerr, Chief Executive Officer

JSE Sponsor: The Standard Bank of South Africa Limited

7 March 2022

 

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