SINGAPORE — South32, the world’s biggest manganese producer, will pay its inaugural dividend and said it is monitoring two potential investment opportunities after reporting full-year earnings that beat analysts’ estimates.A decline in commodity prices saw underlying earnings fall 76% to $138m in the year ended June 30, down from a pro-forma $575m a year earlier, the Perth-based company said in a statement on Thursday. That exceeded the $111m average of 18 estimates compiled by Bloomberg. It will pay a final dividend of $0.01 a share.READ THIS: Global miners sell assets to relieve debtSouth32 said its production guidance for fiscal 2017 was unchanged for most of its upstream operations, though it cut forecasts for silver and lead from the Cannington mine in Australia. The company has reduced costs and trimmed output across its alumina, metallurgical coal, nickel and manganese units in response to the lower prices and said it is on track to meet operation cost targets.The company is ...
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