South32's Manganese and Aluminium Output Surpasses Expectations
South32's Manganese Production in 2024
Diversified miner South32 has made significant strides in its South African operations. The company reported a production output of 2.18 million tonnes of manganese for the fiscal year ending June 30, 2024. This figure is an increase from the 2.11 million tonnes produced in the previous year and surpasses the initial target of two million tonnes.
Strategic Sale of Metalloys Smelter
The company has also progressed in enhancing its operations strategically. In June, South32's subsidiary Samancor Manganese finalized a binding agreement to sell the Metalloys manganese alloy smelter in Gauteng to Khwelamet. This entity is co-owned by Menar and Ntiso Investing Holdings, supporting South32's motives to focus on its core operations.
- Increased Production: 2.18 million tonnes of manganese produced.
- Strong Growth: Up from 2.11 million tonnes year-over-year.
- Strategic Decisions: Sale of Metalloys smelter to Khwelamet.
In conclusion, South32's strong production figures in manganese and the strategic divestment of its smelting operations demonstrate the company's commitment to growth and operational efficiency in the competitive mining landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.