News Articles for South32

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

Subiaco-based SRG Global has secured $80 million in new contracts, including a three-year marine contract with state government trading enterprise Fremantle Ports.

Perth-based mining company South32 will report a big one-off profit after agreeing to sell a package of four base metals royalties for up to $US200 million ($A285 million).

The largest coal mine in New South Wales will close by the turn of the decade after BHP was unable to strike a viable deal for the asset.

Alumina producer South32, which is a major buyer of Collie coal, said the state government's planned coal exit was consistent with its own plans.

An in-depth study profiling indigenous employment practices in Australia has thrown down a challenge.

Brookfield Properties is anticipating offers of more than $350 million for the 51-level office building at 108 St Georges Terrace.

A new study has highlighted the lack of progress in closing the ‘indigenous employment gap' in Australia and the near complete absence of indigenous people from senior management.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

Perth engineering company Monadelphous has secured a number of new contracts and extensions, including with Woodside and South32.

South32's quarterly results give some guidance of how an Omicron outbreak in WA might impact the resources sector, with marginally lower output at two east coast units.

South32 has unveiled initial analysis for a potential $US1.7bn multi-decade metals development at its Hermosa project in Arizona.

South32 and Alcoa will restart production at the Brazil Aluminium operation, with first output slated for the June quarter after a six-year hiatus.

While lower returns on equity have flowed through to WA's top earners this year, the river has hardly run dry for the top end of town.

Research into green energy and local manufacturing is set for a boost with the opening of ECU's new engineering laboratories.

South32 is set to acquire a 45 per cent stake in the Sierra Gorda copper mine in Chile in a deal valued at up to $2.8 billion.

Perth-based South32 has bought an additional 25 per cent stake in Mozal Aluminium for $US250 million in cash.

Woodside's purchase of BHP's oil assets is close to the biggest deal by a WA company.

Fortescue and Wesfarmers were among the Western Australian ASX 100 companies which provided the most comprehensive statements to the modern slavery register.

A new mine in WA and aspiring producers are contributing to rising Australian manganese output.

Fortescue Metals Group and Curtin University are part of a consortium to research low-carbon iron pellets, cement and alumina, which received $39 million from the federal government today.

Our board moves wrap includes Dan Arazi, Lesa Francis, Reina Nicholls, Paul Rennie, Anton Uvarov, Rebecca Morgan, Kelly O'Rourke, and Nicole Duncan.

Listed company Delta Drone International has been reappointed as South32's aerial data services provider in South Africa under a $2.7 million contract extension.

Newcrest Mining and South32 have announced plans to reduce their carbon emissions in the coming decades, in line with commitments to sustainable mining.

South32 is expecting to book a loss of up to $US175 million this financial year, in relation to the sale of its South African coal operations to local mining company Seriti Resources.

Mark McGowan may soon have to grapple with the big political and economic equation facing WA.

Five Western Australian women have been recognised for their contribution to the state's resources sector, with Cube Consulting's Rebecca Prain claiming the top honour.

Five large mining companies have separately launched initiatives this week to accelerate a move toward electrification of their mine sites.

South32's interim dividend has lifted by 27 per cent despite revenue and profit declining markedly in the six months to December.

Some of Australia's largest corporations are digging deep to raise funds for those affected by the devastating fire in Perth's north-east.

Adbri will continue supplying lime to the Worsley Alumina refinery in WA after securing a five-year contract extension with the plant's majority owner, South32.

The statutory pay reported by listed companies tells only part of the story. Some companies also report ‘actual' pay.

Business News's in-depth remuneration survey shines a light on the state's high-income earners.

South32 has agreed to sell a package of mining royalties to a Canadian business for $US55 million ($A75 million) in cash and shares.

Resolute Mining has begun its search for a new leader after managing director and chief executive John Welborn stepped down from the role.

SRG Global has secured a new, $100 million contract with South32 for work at its alumina operations in Western Australia, as well as a $25 million extension.

The rush to gold by investors in the aftermath of the GFC was hardly unexpected.What may have surprised analysts at the time, however, was China’s embrace of iron ore, which ultimatel

South32 will take a non-cash impairment charge of $US109 million ($A156 million) in its full year accounts against its manganese alloy smelters.

There are five major commodities mined in WA that have substantial downstream processing. Credit for most of the value adding can be attributed to investment decisions taken decades ago, as Mark Beyer reports.