For most of its life South32 (S32) has looked like a meal thrown together from whatever was left in the fridge, a grab-bag of mid-tier assets spanning aluminium and alumina, manganese, copper, the Hermosa silver-lead-zinc mine, some metallurgical coal and a bit of nickel.That is more or less what i…
Moody's Ratings said on Friday it placed Australian miner South32's ASX:S32 credit ratings on review for downgrade after it agreed to sell most of its aluminium assets to Alcoa NYSE:AA for as much as $5.6 billion."The divestment would materially reduce the company's scale, commodity diversification…
By Aamir KhalidAustralian shares ended broadly flat on Thursday, with strength in gold and bank stocks countering investor caution ahead of the crucial U.S. payrolls report, while Northern Star jumped after naming a new CEO.The S&P/ASX 200 index ASX:XJO closed 1.6 points higher at 8,724.50 points…
South32's aluminum sale pleases Macquarie, which reckons the miner will be better able to pursue copper growth as a result. The deal "daylights value in the upstream portfolio, closing out the conglomerate discount and moving S32 to a simpler growth focus," it says. Macquarie views the up to US$5.6…
Morgans has mixed feelings about South32's aluminum sale to Alcoa. "It leaves S32 a simpler and, in important respects, a better business, but also a smaller and less valuable one," says analyst Adrian Prendergast. Morgans downgrades the stock to hold from accumulate. It cuts its target on South32'…
South32 Target Price Cut 10% to A$4.50/Share by Morgans>S32.AU
South32 Cut to Hold From Accumulate by Morgans >S32.AU
South32 Price Target Cut 2% to A$4.50/Share by Macquarie
South32 Price Target Raised 3.4% to A$6.00/Share by Jefferies
By Caroline Valetkevitch and Niket NishantU.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.Chipmakers were among the biggest drags on the S&P 500 and Nasdaq, with an index of semiconductors NASDAQ:S…
By Caroline Valetkevitch and Niket NishantU.S. stocks finished slightly lower on Wednesday with falling technology shares, but gains in Meta Platforms provided some support along with comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.Warsh also said he will sti…
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:** CMA CGM has agreed to acquire FedEx's <FDX.N> third-party logistics business for an enterprise value of $1.4 billion, the French shipping group said, as it expands its presence in the logistics sector…
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:** Australia's Perpetual ASX:PPT said it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB OMXSTO:EQT that values the financial services provider at A$2.45 billion ($1.6…
RNS Number : 5990K South32 Limited 01 July 2026 South32 Limited(Incorporated in Australia under the Corporations Act 2001 (Cth))(ACN 093 732 597)ASX/JSE/LSE Share Code: S32 ADR: SOUHYISIN: AU000000S320south32.netRule 3.19A.1Appendix 3X Initial Director's Interest NoticeInformation or documents…
RNS Number : 5986K South32 Limited 01 July 2026 South32 Limited(Incorporated in Australia under the Corporations Act 2001 (Cth))(ACN 093 732 597)ASX/JSE/LSE Share Code: S32 ADR: SOUHYISIN: AU000000S320south32.netRule 3.19A.3Appendix 3Z Final Director's Interest NoticeInformation or documents no…
KGHM Polska Miedz SA GPW:KGH:Source: https://tinyurl.com/vcfukv6t
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
By Rhiannon HoyleSouth32 isn't currently in any detailed discussions to buy other assets, as it reshapes its portfolio with an up-to $5.6 billion sale of its aluminum business, the miner's chief executive officer said in an interview.Matt Daley said South32 will "be opportunistic at the right time"…
By Aamir KhalidAustralian shares ended lower on Wednesday, the first trading day of the new financial year, as banks dragged on softer house price data, though gains in miners, led by South32, limited losses.The S&P/ASX 200 index ASX:XJO closed 0.6% lower at 8,722.90. The benchmark had ended down 0…
