South32 has temporarily suspended its manganese and coal production in South Africa, while also withdrawing full-year guidance for its international operations, in response to coronavirus-related g
South32's Graham Kerr, NRW Holdings' Jules Pemberton and Saracen Mineral Holdings' Raleigh Finlayson have received one-off benefits totalling $10.4 million, following the vesting of performance shares.
Diversified miner South32 has announced corporate affairs and investor relations executive Katie Tovich will replace Brendan Harris as chief financial officer, who will take over the chief marketing officer role from Peter Finnimore.
SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home' pay of their senior executives.
SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.
Perth-based mining company South32 has implemented new leave provisions that exceed those of most other employers, offering six months' parental leave on full pay and up to 10 days of paid domestic violence leave.
Diversified miner South32 has boosted its expectations for South Africa manganese production and maintained full-year guidance for all other products after a solid first-half performance.
Perth-based mining conglomerate South32 has flagged a potential sell-down and listing of its South African energy coal business after announcing today a $US301 million ($A395 million) investment in the division.
South32 shares have dipped after the diversified miner warned it may be facing cost pressures from rising raw material input costs and a weaker US dollar.
Shares in South 32 have fallen after the diversified miner's annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.
South32 has scrapped its $US200 million purchase of a NSW coking coal mine after deciding against making what it called significant concessions to gain approval from the competition watchdog.
Perth-based miner South32 is launching a $US500 million ($A655 million) on-market share buyback as the BHP Billiton spin-off continues to benefit from the recovery in commodity prices.
Diversified miner South32 has posted lower first-half production in several of its commodities but says it remains on track to achieve full-year guidance for the majority of its operations.
SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.
Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash.
Diversified miner South32 chief executive Graham Kerr earned $4.1 million in 2015-16, but lost more than a third of his short-term incentives due to fatal workplace accidents.
Diversified miner South32 has slumped to a net loss of $US1.62 billion ($A2.13 billion) in its first full year as a listed company, after taking heavy write-downs in its manganese, coal and alumina operations to reflect the downfall in commodities prices.
South 32 says it's met its annual production guidance for most of its commodities despite cutting production during the year, and is on course to achieve its FY17 unit cost guidance.
A report commissioned by Bankwest has come up with the surprising finding that a quarter of small and medium-sized enterprises (SMEs) pay their chief executives more than $500,000 per year.
Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.
BHP Billiton spinoff South 32 has cut third quarter production at several businesses but remains on track to meet its full-year guidance across all its units.
Mining group South32 plans to cut 390 jobs at its Worlsey Alumina operation in Western Australia's South West, as part of a global cost-cutting drive following its $US1.7 billion ($A2.4 billion) loss for the half year to December.
BHP Billiton spin-off South32 will slash 620 jobs in Africa and has warned of widespread job losses in Australia after revising down its commodity price forecasts.
BHP Billiton spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices.
SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.
South 32 chief executive Graham Kerr said the company expected to achieve its targeted operations savings this year, while it announced it would keep South African production at its jointly owned Samancor venture in suspension pending a strategic review.
BHP Billiton spin-off South32 aims to cut group costs by 25 per cent this financial year, as part of a broader target to strip costs amid a slump in commodities prices.
When BHP Billiton was in the process of establishing its coal and base metals offshoot, South32, a key factor for many who decided to join the new business was their desire to work with its chief executive, Graham Kerr.
Diversified miner South32 is looking to cut its operating costs by 7.5 per cent over the next three years, with a particular focus on payments to contractors.
BHP Billiton spin-off South32 has closed its first day of trade on the ASX valued at $10.91 billion, ranking it as Western Australia's third largest company and a top 30 stock nationally.
South32 chief executive Graham Kerr says he is confident the diversified mining company will be ready to operate as an independent entity later this month, after BHP Billiton shareholders strongly endorsed the demerger.
