S32 2.41% $3.65 south32 limited

Ann: Sale of Metalloys manganese alloy smelter will not proceed, page-5

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  1. 275 Posts.
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    This is such a minor part of the business that it makes very little difference. Purely from an operational efficiency perspective it would have been good to clear any shut-down liabilities from the balance sheet and remove whatever small cash cost it requires on an ongoing basis, but minor issues really.

    Hard to see it reopening profitably in the future, unfortunately it was built in a time when SA energy was cheaper and more reliable.
 
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