The
South32 Ltd(ASX: S32) share price is on the rise in early morning trade after the company made three announcements this morning.
The metals and mining company first released a mineral resource update from its Hermosa Project. Then it announced it will face a US$728 million pre-tax impairment charge for its Illawarra Metallurgical Coal operations. Finally, South32 released a report detailing its activities over the recent quarter.
Right now, the South32 share price is $2.88 – 2.49% higher than its closing price yesterday.
Let’s start by taking a look at South32’s quarterly report.
The news driving the South32 share price