ASX Announcements
Notification of cessation of securities - S32
Appendix 3H (Notification of cessation of securities)
- Apr 5, 2024
- 4 pages
Notification regarding unquoted securities - S32
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Apr 5, 2024
- 5 pages
This Month
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This small cap has rocketed since South32’s manganese mine disaster
Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
- Tom Richardson
What a second Trump presidency could bring
The influential American conservative platform Project 2025 has spent two years crafting a 900-page proposal for key areas of immigration, tax and trade.
- Matthew Cranston
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
April
- Opinion
- Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
- James Thomson
South32 manganese mine repairs to take a year after cyclone in NT
Shares shot up 9 per cent in ASX-listed manganese producer Jupiter Mines after South32 confirmed global supply of the ore will be curtailed.
- Elouise Fowler
China’s biggest steel maker exits Queensland coal
Chinese state-owned steel maker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
- Peter Ker
Clock ticks on BlueScope’s dibs at South32’s $2.5b coal sale; DD afoot
The confidential deed grants BlueScope 60 business days to look at the books, followed by another 20 days to exercise its matching rights.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS, Barrenjoey, BofA top M&A league table in blockbuster-free quarter
Saint-Gobain’s $4.3 billion bid for building materials giant CSR was the biggest deal for the quarter with Barrenjoey and Lazard on for advice.
- Sarah Thompson, Kanika Sood and Emma Rapaport
South32 CEO has $8m reasons to rue that cyclone
Can he secure his long-term incentives for the first time since FY16? It’d be easier if not for Cyclone Megan.
- Updated
- Myriam Robin
March
Cyclone Megan wreaks havoc on South32 manganese port
Manganese exports from the world’s largest export port in the NT face huge disruptions after a bulk carrier ship damaged a wharf during the high winds and swell.
- Tom Richardson and Brad Thompson
February
BlueScope considers tilt at South32 mines to pre-empt $2.5b sale
The move could reunite the Illawarra coal mining and steel assets that were once owned by BHP. South32 has agreed to sell the mines to an Indonesian group.
- Elouise Fowler and Peter Ker
Alcoa in $3.3b bid for Australian partner Alumina
The deal would bring a global portfolio of bauxite mines, alumina refineries and aluminium smelters under one roof.
- Updated
- Peter Ker
- Opinion
- Chanticleer
The big problem with Albo’s nickel fix
The government says its tax credits plan will help the sector through a short-term period of pain. But South32 CEO Graham Kerr questions that assessment.
- James Thomson
Inside the pub at ground zero of Australia’s nickel woes
The sudden crash in nickel’s fortunes has put more than the share price of big miners at risk. Entire towns could be facing wipe out, and its on people’s minds at the Kambalda Hotel.
- Brad Thompson
South32 pulls trigger on $3.3b zinc mine in green agenda
South32 has opted to push ahead with a new mine in Arizona, despite a big jump in its price tag.
- Brad Thompson
South32 hits battered IGO with $120m royalty claim
IGO’s woes continue to pile up, with miner South32 calling in the lawyers in pursuit of more than $120 million in royalties.
- Brad Thompson
Schroders sticks with South32 after metals rout
Portfolio manager Adam Alexander says the market is too conservative on the miner and shares why the fund bought into winemaker Treasury Wine Estates.
- Joanne Tran
January
- Exclusive
- Mining
Nickel glut prompts rethink for South32’s Colombian mine
CEO Graham Kerr says South32 might reshape the mine’s output. He also says his Worsley alumina refinery doesn’t have the issues that shuttered Alcoa’s Kwinana.
- Hans van Leeuwen
