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South32 Ltd. ( (AU:S32) ) has shared an update.
South32 Limited has received state approval from the Western Australian Minister for Environment for the Worsley Mine Development Project, following a thorough environmental assessment process. This approval enables continued access to bauxite, sustaining production at Worsley Alumina, a major employer in the region, and supports its competitive position in the global alumina market, contributing significantly to the local economy and the global energy transition. The state approval also sets the stage for federal approval, expected in early 2025, which would further enhance the project’s prospects.
More about South32 Ltd.
South32 Limited is a company engaged in developing natural resources and producing minerals and metals critical to the global energy transition. It operates across the Americas, Australia, and Southern Africa, with a focus on creating a positive legacy and building meaningful relationships with partners and communities.
YTD Price Performance: -5.75%
Average Trading Volume: 611,030
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.55B
Learn more about S32 stock on TipRanks’ Stock Analysis page.
