(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, as investors await Wednesday's US inflation data, with China remaining in focus ahead of that reading. Read More
(Alliance News) - South32 Ltd said on Tuesday it has withdrawn its production guidance for Mozal Aluminium due to civil unrest in Mozambique. Read More
South32 Ltd - Perth-based diversified mining group - Appoints Stephen Pearce and Mandlesilo Msimang at non-executive directors, with effect from February 1. Pearce serves on the board of BAE Systems PLC. He is also a director and strategic advisor to the Wyllie Group. He is the former chief financial officer of Anglo American PLC. Msimang is currently chief executive officer of female-owned and led private equity firm Nozala Women Investments, which owns and manages a portfolio spanning the minerals and energy sector, as well as industrial and consumer services. She is also a non-executive director at Telkom SA SOC Ltd and miner Exxaro Resources Ltd. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - South32 Ltd has warned that it expects global volatility that has hurt key commodities to continue, given prevailing geopolitical tensions and uncertainty. Read More
(Alliance News) - South32 Ltd on Monday reported mixed production performance for the first quarter of its financial year, and maintained its annual guidance. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - South32 Ltd on Monday said the US Department of Energy has awarded its Hermosa project a grant of up to USD166 million to produce battery-grade manganese for electric car production in the US. Read More
South32 Ltd - Perth, Australia-based diversified miner - Non-Executive Director Sharon Lee Warburton buys 25,000 shares at AUD3.02, worth AUD75,500, about GBP38,630 or ZAR900,960, on Thursday in Sydney. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - South32 Ltd reported on Thursday that its annual loss widened, as it battled rising costs and regulatory uncertainty around its alumina refining operation Worsley Alumina in Western Australia. Read More
South32 Ltd - Perth-based diversified mining group - Expects the sale of Illawarra Metallurgical Coal in New South Wales to be concluded earlier than thought on August 29. It had said late last month it expected the deal to be wrapped up on or around September 2. In February, South32 agreed to sell this coal asset to an entity owned by Golden Energy & Resources Pte Ltd and M Resources Pty Ltd. On completion, South32 will receive the upfront cash payment of USD1.05 billion, less the already paid deposit of USD40 million. The deferred cash consideration of USD250 million, payable in 2030, and the contingent price-linked cash consideration of up to USD350 million, will be recognised in its financial statements as a non-current other receivable and a non-current other financial asset. Read More
South32 Ltd - Perth-based diversified mining group - Says the sale of its Illawarra metallurgical coal to an entity owned by Golden Energy & Resources Pte Ltd and M Resources Pty Ltd is now unconditional, after meeting all conditions. Expects the transaction to be complete on or around September 2. South32 first announced the proposed deal late in May. On completion, South32 will receive the upfront cash payment of USD1.05 billion, less the already paid deposit of USD40 million. The deferred cash consideration of USD250 million, payable in 2030, and the contingent price-linked cash consideration of up to USD350 million, will be recognised in its financial statements as a non-current other receivable and a non-current other financial asset. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - South32 Ltd on Monday warned it expects to take a USD554 million hit due to regulatory uncertainty around its alumina refining operation in Western Australia, as it reported production results for its recently completed financial year. Read More
(Alliance News) - London's FTSE is called to open higher on Monday, with focus firmly on the US ahead of some crucial data later this week, and for now, political developments. Read More