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    Brief: South32 Announces Approval For Sierra Gorda Fourth Grinding Line Project

    Picture of South32 logoSouth32
    30/06/2026 23:31
    BRIEF-South32 Announces Approval For Sierra Gorda Fourth Grinding Line Project
    July 1 (Reuters) - South32 Ltd S32.AX:
    • FINAL INVESTMENT APPROVAL FOR SIERRA GORDA 4TH GRINDING LINE
    • GROWTH CAPITAL EXPENDITURE FOR PROJECT IS EXPECTED TO BE US$725M OVER FY27-FY30
    • ANNOUNCES APPROVAL FOR SIERRA GORDA FOURTH GRINDING LINE PROJECT
    • PROJECT TO INCREASE SIERRA GORDA CAPACITY FROM ~48MTPA TO ~60MTPA
    • PROJECT TO ACHIEVE FIRST PRODUCTION IN MID FY30, FULL RATES IN FY31
    • EXPANDED CAPACITY DELIVERED BY PROJECT EXPECTED TO REDUCE OPERATING UNIT COSTS BY ~10%
    Further company coverage: S32.AX

     ((Reuters.Briefs@thomsonreuters.com;))

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