South32 reviews future of smelter amid higher power prices
Though no final decision has been made, the review could result in South32’s divestment from its manganese alloys smelter or even its closure
18 July 2019 - 18:17
Diversified miner South32, which was unbundled from BHP in 2015, is reviewing its manganese alloy smelter, which employs 300 people, as analysts warn that SA’s soaring power prices are making the sector uncompetitive.
“We continue to review options for our manganese alloy smelters as changes in market dynamics have reduced the attractiveness of our exposure,” the Australia-based miner said in a report for the three months ended June. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.