REG - South32 Limited - Worsley Alumina Approvals Update

South32Announcement

13/12/2024 08:15

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RNS Number : 0318Q  South32 Limited  13 December 2024

13 December 2024

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

 

 

 

WORSLEY ALUMINA APPROVALS UPDATE

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) provides the
following update regarding approvals for the Worsley Mine Development Project
(Project), our mine life extension project at Worsley Alumina.

As previously announced, the Western Australian Environmental Protection
Authority (WA EPA) recommended the Project be approved, subject to
conditions 1  (#_ftn1) .

Worsley Alumina subsequently lodged an appeal in relation to the WA EPA
assessment report, as several proposed conditions would create significant
operating challenges, and went beyond reasonable measures for managing
environmental risks based on scientific assessment and decades of operating
experience.

On 12 December 2024, the Western Australian Minister for Environment
determined the appeal outcome for the Project.

We are pleased to advise that the Minister has determined after considering
available information, that the EPA's assessment and overall conclusion that
the Project may be implemented, subject to conditions, is reasonable.

Further, the Minister has agreed with the Appeals Committee's recommendations
to amend specific conditions based on the arguments presented during the
appeals process, including by Worsley Alumina.

A copy of the Minister's determination and the Appeals Committee report to the
Minister is available at:
https://www.wa.gov.au/organisation/office-of-the-appeals-convenor
(https://www.wa.gov.au/organisation/office-of-the-appeals-convenor) .

The Minister's determination is a positive outcome for Worsley Alumina.

In particular, it is consistent with the Western Australian Government's
Greenhouse Gas Emissions Policy for Major Projects 2  (#_ftn2) , with
greenhouse gas emissions to be regulated in accordance with the Commonwealth
Government Safeguard Mechanism and unnecessary duplication between
Commonwealth and State regulation removed.

A detailed assessment of other conditions referred to in the Minister's
determination is underway.

State approval of the Project through a Ministerial Statement from the Western
Australian Minister for Environment is expected later this month.

Federal approval is expected in early calendar year 2025.

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, zinc, lead, silver, nickel and manganese
from our operations in Australia, Southern Africa and South America. We also
have a portfolio of high-quality development projects and options, and
exploration prospects, consistent with our strategy to reshape our portfolio
toward commodities that are critical for a low-carbon future.

 

 

 Investor Relations                                                         Media Relations
 Ben Baker                                                                  Jamie Macdonald

T          +61 8 9324 9363
T          +61 8 9324 9000

M        +61 403 763 086
M        +61 408 925 140

E          Ben.Baker@south32.net (mailto:Ben.Baker@south32.net)
E          Jamie.Macdonald@south32.net
                                                                            (mailto:Jamie.Macdonald@south32.net)

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

 

Approved for release to the market by Graham Kerr, Chief Executive Officer

JSE Sponsor: The Standard Bank of South Africa Limited
13 December 2024

 1  (#_ftnref1) Refer to market release "Worsley Alumina Approvals Update"
dated 22 July 2024.

(( 2  (#_ftnref2) )) Refer to "Greenhouse Gas Emissions Policy for Major
Projects" dated 15 October 2024 published by the Western Australian
Government.

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