News: S32 South32 Says FY Underlying Earnings US$916 Million

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    Aug 24 (Reuters) - South32 Ltd (S32) :

    • FY UNDERLYING EARNINGS US$916 MILLION VERSUS US$2,602 MILLION
    • RESOLVED TO PAY FINAL DIVIDEND OF 3.2 US CENTS PER SHARE
    • FY UNDERLYING REVENUE US$9,050 MILLION VERSUS US$10,630 MILLION
    • FY LOSS AFTER TAX US$173 MILLION VERSUS US$2,669 MILLION
    • FY24 GROUP CAPITAL EXPENDITURE GUIDANCE, EXCLUDING EAIS, IS SET AT US$860M
    • SOUTH32 LTD SEES FY24 ILLAWARRA METALLURGICAL COAL PRODUCTION OF 4,400 KT
    • SOUTH32 LTD SEES FY25 ILLAWARRA METALLURGICAL COAL PRODUCTION OF 4,700 KT
    • SAFE AND RELIABLE CAPITAL EXPENDITURE IS EXPECTED TO INCREASE BY US$145M TO US$615M FOR FY24
    • SOUTH32 LTD SEES FY25 ILLAWARRA TOTAL COAL PRODUCTION OF 5,500 KT
    • IMPROVEMENT AND LIFE EXTENSION CAPITAL EXPENDITURE IS EXPECTED TO INCREASE BY US$11M TO US$75M IN FY24
    • SOUTH32 LTD SEES FY24 ILLAWARRA TOTAL COAL PRODUCTION OF 5,000 KT
    • GROWTH CAPITAL EXPENDITURE AT OUR HERMOSA PROJECT IS EXPECTED TO BE US$170M IN H1 FY24
    • SOUTH32 LTD SEES FY24 AUSTRALIA MANGANESE ORE PRODUCTION OF 3,400 KWMT
    • EXPECT TO PROVIDE FY24 GUIDANCE FOLLOWING A FINAL INVESTMENT DECISION FOR THE DEVELOPMENT OF THE TAYLOR DEPOSIT, PLANNED FOR H1 FY24.
    • SOUTH32 LTD SEES FY25 AUSTRALIA MANGANESE ORE PRODUCTION OF 3,400 KWMT
    • SOUTH32 LTD SEES FY24 WORSLEY ALUMINA PRODUCTION OF 4,000 KT
    • SHARE OF CAPITAL EXPENDITURE FOR OUR MATERIAL EAIS IS EXPECTED TO INCREASE BY US$61M TO US$340M IN FY24
    • SOUTH32 LTD SEES FY24 PAYABLE COPPER EQUIVALENT PRODUCTION OF 89.0 KT
    • CAPITAL EXPENDITURE FOR OUR SIERRA GORDA EAI IS EXPECTED TO INCREASE BY US$14M TO US$210M IN FY24
    • SOUTH32 LTD SEES FY25 PAYABLE COPPER EQUIVALENT PRODUCTION OF 91.8 KT
    • SOUTH32 LTD SEES FY25 WORSLEY ALUMINA PRODUCTION OF 4,000 KT
    • CAPITAL EXPENDITURE FOR OUR MANGANESE EAI IS EXPECTED TO INCREASE BY US$47M TO US$130M IN FY24
    • RESOLVED TO FURTHER EXPAND OUR CAPITAL MANAGEMENT PROGRAM BY US$50 MILLION TO US$2.4 BILLION
    • SOUTH32 LTD SEES FY24 ILLAWARRA METALLURGICAL COAL OPERATING UNIT COST $140/T
    • SOUTH32 LTD SEES FY25 BRAZIL ALUMINA (NON-OPERATED) PRODUCTION 1,420 KT
 
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