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SOUTH32 LIMITED - Cerro Matoso Litigation Update

Release Date: 25/09/2018 07:05
Code(s): S32     PDF:  
Wrap Text
Cerro Matoso Litigation Update

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net


CERRO MATOSO LITIGATION UPDATE

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises it is aware that the Constitutional Court of
Colombia has issued its final ruling on our application to annul its decision, regarding the alleged health and
environmental impacts of our Cerro Matoso operation on the surrounding communities.
We welcome the Court’s decision to annul those orders, which required Cerro Matoso to pay direct financial
compensatory damages to community members in relation to the above allegations and to establish an ethnic
development fund. The orders, which require Cerro Matoso to provide ongoing health care to community members
alleging health impacts, and to submit to a new consultative environmental licensing process were not annulled.
Whilst we disagree with the original Court in deciding, without evidential basis, that Cerro Matoso is causing the
alleged impacts, we will seek to co-operate with respect to the remaining orders, subject to the reservation of our
rights under applicable international investment treaties. Production has not been impacted by the decision handed
down by the Court, and we remain proud of the positive contribution we make to supporting social and economic
growth within the local community surrounding Cerro Matoso.
About South32

South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium, energy and
metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South
America. We are also the owner of a high grade zinc, lead and silver development option in North America and have
several partnerships with junior explorers with a focus on base metals. Our purpose is to make a difference by
developing natural resources, improving people’s lives now and for generations to come, and to be trusted by our
owners and partners to realise the potential of their resources.

Further Information

Investor Relations
Alex Volante                                         Justin Owens
T +61 8 9324 9029                                    T +61 8 9324 9022
M +61 403 328 408                                    M +61 413 623 553
E Alex.Volante@south32.net                           E Justin.Owens@south32.net

Media Relations
James Clothier                                       Jenny White
T +61 8 9324 9697                                    T +44 20 7798 1773
M +61 413 391 031                                    M +44 7900 046 758
E James.Clothier@south32.net                         E Jenny.White@south32.net


Further information on South32 can be found at www.south32.net.

JSE Sponsor: UBS South Africa (Pty) Ltd
25 September 2018


Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia                                                                                             1

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