South32 warns of R1.8bn in writedowns amid Covid-19 uncertainty

South Africa News News

South32 warns of R1.8bn in writedowns amid Covid-19 uncertainty
South Africa Latest News,South Africa Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Group temporarily mothballs manganese alloy smelter and faces restructuring and retrenchment costs

A sign adorns the building in which Australian miner South32 has its office in Perth, Western Australia. Picture: REUTERS/DAVID GRAY

The group, which has a market capitalisation of almost R124bn, said it expects to report the write-downs in its year to end-December, having decided to put its SA manganese alloy smelter, Metalloys, into temporary care and maintenance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Curro shareholders approve R1.5bn rights offerShareholders voted 99.8% in favour of a proposed rights offer as the group considers new acquisitions and seeks to weather Covid-19
Read more »

Equatorial Guinea vice president's R1.5bn superyacht eyed by lawyersIf he was looking for a quiet stopover he picked the wrong port.
Read more »

This time it’s different: African economies may not survive - The Mail & GuardianThis time it’s different: African economies may not survive - The Mail & GuardianAmid the headwinds created by the Covid-19 pandemic, it’s time the Aloe ferox, which survives in dry, harsh conditions, is nurtured — but the options are limited
Read more »

COVID-19 LIVE UPDATES | Rise in SA's Covid-19 cases continuesHealth minister Zweli Mkhize appealed to South Africans to do more to help break the cycle of infection.
Read more »

KZN records 19,706 new Covid infections in a weekA total of 12 health workers have died in KwaZulu-Natal due to Covid-19.
Read more »

ANC MP Martha Mmola dies of Covid-related illnessANC MP Martha Mmola died on Saturday due to a Covid-19 related illness.
Read more »



Render Time: 2025-02-08 23:04:29