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SOUTH32 LIMITED - Samancor Manganese Joint Venture Announces Extended Closure Of Its South African Mines

Release Date: 18/11/2015 09:10
Code(s): S32     PDF:  
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Samancor Manganese Joint Venture Announces Extended Closure Of Its South African Mines

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

 


SAMANCOR MANGANESE JOINT VENTURE ANNOUNCES EXTENDED
CLOSURE OF ITS SOUTH AFRICAN MINES

South32 Limited (ASX, LSE, JSE: S32) (“South32”), as 60% owner and manager of the
Samancor Manganese Joint Venture, advises that the joint venture’s South African mines will
remain closed until the completion of the ongoing strategic review. Production was suspended
following a fatality at the Mamatwan mine on 2 November 2015.

As a major employer in the region, the planned reconfiguration of the Samancor Manganese
mines in the Kalahari basin is required to secure their longer term viability in an increasingly
competitive market. The current stakeholder consultation process is continuing and mining
activity is likely to recommence in January 2016.

While production will be significantly impacted in the 2016 financial year, rail and customer
commitments will be met by drawing down inventory during this period. A further update for the
joint venture’s South African manganese mines and Metalloys smelter will be provided upon
completion of the strategic review.

Samancor Manganese is the world’s largest producer of manganese with operations in South
Africa and Australia. Its Australian operations include GEMCO, an open-cut manganese mine in
the Northern Territory, ranked as the largest and one of the world’s lowest cost manganese ore
producers, and TEMCO, a manganese alloy plant in Tasmania. The joint venture’s African
operations include the Hotazel Manganese Mines located in the Kalahari Basin in South Africa’s
Northern Cape Province, a region that holds 80 per cent of the world’s manganese resource
endowment. Its African operations also include Metalloys, a smelter that is integrated with the
Hotazel Manganese Mines, creating an alternative logistical route for manganese into the export
markets.




Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia
ABN 84 093 732 597 Registered in Australia
INVESTOR RELATIONS

Leng Lau                           Susie Bath                        Paul Formosa
T +61 8 9324 9008                  T +61 8 9324 9647                 T +61 8 9324 9376
M +61 (0) 408 202 698              M +61 (0) 418 933 792             M +61 (0) 431 152 742
E Leng.Lau@south32.net             E Susie.Bath@south32.net          E Paul.Formosa@south32.net

MEDIA RELATIONS

Jill Thomas
T +61 8 9324 9191
M +61 (0) 423 259 190
E Jill.Thomas@south32.net

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

18 November 2015
JSE Sponsor: UBS South Africa (Pty) Ltd





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