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SOUTH32 LIMITED - Temco anti-dumping investigation

Release Date: 22/09/2015 11:40
Code(s): S32     PDF:  
Wrap Text
Temco anti-dumping investigation

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




                                    TEMCO ANTI-DUMPING INVESTIGATION

South32 Limited (ASX, LSE, JSE: S32) (“South32”) advises that the United States Department
of Commerce has issued a notice of a preliminary anti-dumping determination, setting a 11.93%
rate for imports of Silicomanganese of Australian origin into the United States, of which TEMCO
is a producer.

The Department of Commerce will continue its investigations and is expected to make a final
determination in 2016. The United States International Trade Commission is expected to
commence its final injury investigation. TEMCO intends to defend its position.

South32 is disappointed with the imposition of these preliminary measures and will review its
options. The preliminary finding does not impact South32’s manganese ore operations in
Australia and South Africa, which accounted for 95 per cent of Underlying Earnings Before
Interest and Tax (EBIT) generated by the manganese business in FY15.

TEMCO is a manganese alloy plant located in Tasmania, Australia and is a wholly-owned
subsidiary of GEMCO, which is 60 per cent owned by South32.

South32 is committed to the development of transparent and fair markets in which it sells its
products.

INVESTOR RELATIONS

Peter Harris                                    Paul Formosa                                   Susie Bath
T +61 9324 9046                                 T +61 8 9324 9376                              T +61 8 9324 9647
M +61 (0) 476 559 190                           M +61 (0) 431 152 742                          M +61 (0) 418 933 792
E Peter.Harris@south32.net                      E Paul.Formosa@south32.net                     E Susie.Bath@south32.net

MEDIA RELATIONS

Jill Thomas
T +61 8 9324 9181
M +61 (0) 423 259 190
E Jill.Thomas@south32.net

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

JSE Sponsor: UBS South Africa (Pty) Ltd
22 September 2015




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