The South32 (ASX:S32) share price just hit a multi-year high fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Antofagasta’s record earnings are overshadowed by a downgrade to guidance, South32 hikes its dividend as cashflow improves, Rank Group enters the red after a tough year, Marshalls recovers and restores payouts, and McBride shares plummet after warning profits are set to plunge.
29 Jul, 2021, 4:30 am
South32 CEO Mr Graham Kerr said During the year we achieved production records at Worsley Alumina, Brazil Alumina and Australia Manganese. At South Africa Manganese volumes increased by 21 per cent, following COVID-19 related impacts in the prior year. Our base metals operations, Cannington and Cerro Matoso, both finished the year strongly, achieving 20 and 54 per cent increases in zinc We also made substantial progress reshaping our portfolio during the year, completing the divestments of South Africa Energy Coal and the TEMCO manganese alloy smelter, while progressing studies for our base metals development options at Hermosa and Ambler Metals. This, along with the release of our medium-term target to halve our operational emissions by 2035, positions us well as the world transitions to a low carbon future