S32 1.35% $3.66 south32 limited

Why would FMG want TEMCO in Tasmania? S32's best asset is GEMCO,...

  1. 12,079 Posts.
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    Why would FMG want TEMCO in Tasmania?
    S32's best asset is GEMCO, high grade manganese, close to China, cheap production cost.
    Contrary what others think, I know its the best asset that S32 has.

    I really doubt whether FMG would be interested in a stable including so much baggage and garbage. Thats why BHP got rid of it, they wanted to get rid of coal and the expensive smelters otherwise they may have held onto the Mn ore production which is first class.
 
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