South32 reports lower interim headline earnings per share

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Global mining group South32 announced today, 15 February 2018, that its headline earnings per share eased to 9.9 U.S. cents a share in the half year to December 2017, from 11.6 percent during the same period in 2016.

After a challenging start to the 2018 financial year, production for the majority of South32 operations was tracking on or ahead of schedule, says Graham Kerr, South32 Chief Executive Officer.

“We achieved record production at Australia Manganese and Mozal Aluminium, increased production guidance at South Africa Manganese in response to favourable market conditions, and delivered a 23 per cent increase in payable nickel production at Cerro Matoso as ore grades improved,” he said.

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