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S32 - South32 News Story

A$2.86 0.1  2.1%

Last Trade - 5:11am

Sector
Basic Materials
Size
Large Cap
Market Cap £7.47bn
Enterprise Value £7.27bn
Revenue £4.11bn
Position in Universe 40th / 1831

BRIEF-South32 Says Determined Not To Proceed With Development Of Eagle Downs Project

Wed 20th January, 2021 10:11pm
Jan 21 (Reuters) - South32 Ltd  S32.AX :
    * QTRLY MANGANESE ORE PRODUCTION 1,459 KWMT VERSUS 1,398
KWMT LAST
YEAR
    * SOUTH32 LTD QTRLY METALLURGICAL COAL PRODUCTION 1,399 KT
VERSUS
1,208 KT LAST YEAR
    * QTRLY ALUMINA PRODUCTION 1,401 KT VERSUS 1,327 KT LAST
YEAR
    * DETERMINED NOT TO PROCEED WITH DEVELOPMENT OF EAGLE DOWNS
METALLURGICAL COAL PROJECT
    * INCREASED FY21 PRODUCTION GUIDANCE AT CANNINGTON BY 5%
    * APPROVED EARLY DEVELOPMENT TIMETABLE FOR PROJECT AT CERRO
MATOSO, INCREASING FY21, FY22 PRODUCTION VIEW BY 3% & 13%
RESPECTIVELY
    * EAGLE DOWNS PROJECT PLACED ON HOLD WHILE WE ASSESS OPTIONS
FOR
OUR JOINT VENTURE INTEREST
    * FY OPERATING UNIT COSTS TRACKING TO PLAN ON BASIS OF CO'S
PREVIOUS ASSUMPTIONS
    * QTRLY ALUMINIUM PRODUCTION 248 KT VERSUS 248 KT LAST YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nASXc9NwC6
Further company coverage:  S32.AX 

 (Reuters.Briefs@thomsonreuters.com)
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