Australian mining company South32 reported a widened net loss after tax of US$203m for FY2024 due to impairment expenses for Worsley Alumina and Cerro Matoso.
Australian mining and metals company, South32, reported a widened net loss after tax for the year ended 30 June 2024 at US$203 million, influenced by impairment expenses for Worsley Alumina and Cerro Matoso. Despite the losses, the company declared a final dividend of 3.1 cents per share. South32 anticipates increasing low-carbon aluminium production by 17% and lifting copper production by 15% in fiscal year 2025.
August 29, 2024
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