last reported:The company continue to implement the operational...

last reported:
The company continue to implement the operational recovery plan, dewatering targeted mining pits and started a phased mining restart. Mining activity is expected to increase to support a planned build in stockpiles ahead of the wet season, with fiscal 2025 production guidance set at 1-million wmt. Production is expected to increase to 3.2-million wmt in fiscal 2026 as it completes the operational recovery plan. Capital expenditure for mine repairs and infrastructure, including the wharf and a critical bridge, is expected to be approximately $125-million for South32’s 60% share in Gemco in fiscal 2025. The company’s insurers confirmed that the damage caused by Tropical Cyclone Megan is covered under its property damage and business interruption insurance the South32 is continuing to work with insurers to assess the timing and value of recoveries under these policies.