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SOUTH32 LIMITED - Appin Colliery Suspension

Release Date: 29/06/2017 13:45
Code(s): S32     PDF:  
Wrap Text
Appin Colliery Suspension

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




                                             APPIN COLLIERY SUSPENSION



 South32 Limited (ASX, JSE, LSE: S32; ADR: SOUHY) (South32) advises that on 28 June 2017
 we withdrew the Appin workforce from the mine as a precautionary measure. We subsequently
 confirmed that there was no gas exceedance or breach of gas limits. We notified the New South
 Wales Department of Planning and Environment (the Regulator) of the details of the withdrawal.
 The Regulator then issued a prohibition notice and expressed broader concern regarding the
 recent gas exceedance events and the operating practices of the Illawarra Metallurgical Coal
 operation. Safety is a core value and we are working, together with the Regulator, to address
 these issues.

 Separately, we confirm that the Dendrobium mine remains in operation and that production
 guidance for FY17 remains on track with Illawarra Metallurgical Coal having produced 7.05Mt
 (sales 7.32Mt) to 28 June 2017. Consistent with past practice, we will provide production
 guidance for FY18 when we report our financial results on 24 August 2017.

 About South32

 South32 is a globally diversified mining and metals company with high quality operations in
 Australia, Southern Africa and South America. Our purpose is to make a difference by
 developing natural resources, improving people’s lives now and for generations to come. We are
 trusted by our owners and partners to realise the potential of their resources. We have a simple
 strategy to maximise the potential of our assets and shareholder returns by optimising our
 existing operations, unlocking their potential and identifying new opportunities to compete for
 capital.


 FURTHER INFORMATION


 INVESTOR RELATIONS

 Alex Volante                                          Rob Ward
 T +61 8 9324 9029                                     T +61 8 9324 9340
 M +61 403 328 408                                     M +61 431 596 831
 E Alex.Volante@south32.net                            E Robert.Ward@south32.net




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

Hayley Cardy                          James Clothier
T +61 8 9324 9008                     T +61 8 9324 9697
M +61 409 448 288                     M +61 413 319 031
E Hayley.Cardy@south32.net            E James.Clothier@south32.net


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




JSE Sponsor: UBS South Africa (Pty) Ltd
29 June 2017

Date: 29/06/2017 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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