South32 Ltd. (AU:S32) has released an update.
South32 Ltd. has successfully completed the sale of Illawarra Metallurgical Coal, enhancing its financial position with significant cash proceeds and facilitating a US$200 million expansion of its capital management program. The company also reported a robust start to the year in aluminium production and a 20% increase in copper output, positioning itself to capitalize on the global energy transition. With ongoing construction at the Hermosa project and strategic investments in battery-grade manganese, South32 continues to focus on commodities critical for a sustainable future.
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