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SOUTH32 LIMITED - COVID-19 update

Release Date: 24/03/2020 08:30
Code(s): S32     PDF:  
 
Wrap Text
COVID-19 update

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


24 March 2020


                                                                       COVID-19 UPDATE

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises the South African President has taken
action to enforce a nationwide lockdown aimed at containing the spread of COVID-19, commencing midnight on
Thursday 26 March 2020, for 21 days.

South32 understands that businesses essential for the maintenance of power generation in South Africa are exempt
from the lockdown. We will work with the government to determine the impact of this exemption on our South African
Energy Coal and South Africa Aluminium operations, given the role they play in the sustainability of Eskom’s
generation network.

We are seeking clarification from government that the lockdown will extend to South Africa Manganese and have
commenced planning for our manganese ore operations and the remaining furnace at our Metalloys alloy smelter to
be placed on care and maintenance.

As a result of the government’s announcement, we are withdrawing FY20 guidance for our South African operations
and will update the market when further information becomes available.

South32 Chief Executive Officer, Graham Kerr said “Our response to COVID-19 is built around three areas – keeping
our people safe and well, maintaining safe and reliable operations, and supporting our communities, all of which are
critical to the future of our business.

“We have implemented a range of measures at all our locations to ensure the health and wellbeing of our people and
communities, by reducing the risk of infection and the rate of spread, while maintaining day-to-day operations.

“To-date, we have not yet experienced production interruptions from COVID-19 at any other operations. We continue
to monitor the impact of restrictions being placed on the movement of people and goods by governments across the
world and will continue to update the market as appropriate.”

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.




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

Investor Relations
Alex Volante                                 Tom Gallop
T +61 8 9324 9029                            T +61 8 9324 9030
M +61 403 328 408                            M +61 439 353 948
E Alex.Volante@south32.net                   E Tom.Gallop@south32.net

Media Relations
Rebecca Keenan                               Jenny White
T +61 8 9324 9364                            T +44 20 7798 1773
M +61 402 087 055                            M +44 7900 046 758
E Rebecca.Keenan@south32.net                 E Jenny.White@south32.net


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

Authorised for release by Nicole Duncan, Company Secretary

JSE Sponsor: UBS South Africa (Pty) Ltd
24 March 2020




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Date: 24-03-2020 08:30:00
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