Jan 22 (Reuters) - South32 Ltd (S32) : QTRLY MANGANESE ORE...

Jan 22 (Reuters) - South32 Ltd (S32) :

• QTRLY MANGANESE ORE PRODUCTION 1,272 KWMT VERSUS 1,477 KWMT
• QTRLY ALUMINIUM PRODUCTION 287 KT VERSUS 289 KT
• QTRLY ALUMINA PRODUCTION 1,284 KT VERSUS 1,356 KT
• QTRLY PAYABLE COPPER PRODUCTION 15.6 KT VERSUS 18.9 KT
• FY24 GROUP COPPER EQUIVALENT PRODUCTION GUIDANCE REDUCED BY 3%
• QTRLY METALLURGICAL COAL PRODUCTION 744 KT VERSUS 1,483 KT
• COMMODITY PRICES WERE BROADLY LOWER IN DECEMBER 2023 HALF YEAR REFLECTING A MODERATION IN DEMAND AND SENTIMENT
• H1 FY24 OPERATING UNIT COSTS EXPECTED TO BE IN LINE OR BELOW FY24 GUIDANCE FOR MAJORITY OF OUR OPERATIONS
• EXPECT TO REPORT H1 FY24 OPERATING UNIT COSTS IN LINE OR BELOW CURRENT FY24 GUIDANCE FOR MAJORITY OF OUR OPERATIONS
• EXPECT TO RECORD A BUILD IN WORKING CAPITAL OF AROUND US$275M IN H1 FY24
• FY24 PRODUCTION GUIDANCE FOR MOZAL ALUMINIUM LOWERED BY 12%
• WELL POSITIONED TO CAPTURE THE BENEFIT OF IMPROVED MARKET CONDITIONS THROUGH EXPECTED PRODUCTION GROWTH OF 7% IN H2 FY24
• REMAIN ON TRACK TO MAKE A FINAL INVESTMENT DECISION FOR TAYLOR ZINC-LEAD-SILVER DEPOSIT IN MARCH 2024 QUARTER
• OPERATING UNIT COSTS IN H2 FY24 ARE EXPECTED TO BENEFIT FROM A PLANNED 7% INCREASE IN GROUP PRODUCTION VOLUMES
• EXPECT TO REPORT H1 FY24 GROUP UNDERLYING NET FINANCE COSTS OF AROUND US$120M
• FOR CERRO MATOSO, FY24 PRODUCTION GUIDANCE REMAINS UNCHANGED, WITH HIGHER NICKEL GRADES EXPECTED IN JUNE 2024 HY
• COMMENCED A STRATEGIC REVIEW OF CERRO MATOSO TO EVALUATE OPTIONS TO ENHANCE THE OPERATION’S COMPETITIVE POSITION
• COMMENCED A STRATEGIC REVIEW OF CERRO MATOSO TO EVALUATE OPTIONS TO ENHANCE THE OPERATION’S COMPETITIVE POSITION