South32 boosts share buyback by $50m
Australian-based metals and mining company says it will be able to return $158m to shareholders before September after halving its interim dividend
16 February 2023 - 12:13
UPDATED 16 February 2023 - 19:50
South32 has increased its share buyback programme by about $50m, enabling it to return $158m to shareholders before September in anticipation of a stronger outlook for commodity prices in the second half of the financial year.
The Australian-based metals and mining company, which was spun off from BHP in 2015, on Thursday reported underlying earnings fell 44% to $560m in the first half of its financial year as a result of lower prices for its key commodities...
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