Anyone out there have a view on whether S32 is interested in buying AAL's for-sale Brazilian Nickel mines?
Barro Alto produces ~30,000t Ni pa and Codemin ~9,000t for domestic Brazilian production.
AAL says the Barro Alto processing plant was built at a capital cost of $US1.9 billion and commissioned in 2011. The mines are characterised as 'marginal', with 2023 EBITDA of $US135m. The Barro Alto mine and plant were written down by $US779m in 2023. Ouch!
GK & team would have strong opinions on the value of these properties - likely very low due to major fresh Ni supply coming from Indonesia and battery manufacturing turning away from Ni.
Still, they will have considered the option. Is this a 'straw hats in winter' moment?
Ash
News: S32 UPDATE 1-South32 CEO Kerr says open to buying joint Anglo American manganese assets, page-26
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add S32 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.73 |
Change
0.010(0.27%) |
Mkt cap ! $16.86B | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.74 | $3.67 | $27.59M | 7.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 81926 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |