South32 Limited (S32) reported underlying earnings of US$138 million, better than the market had expected. But it posted a statutory loss of US$1.6 billion for the 2016 financial year: Australia’s largest travel agent, Flight Centre (FLT) posted a slightly weaker than expected net profit of $244.6 million, down 4.7% over... Show More

Steve Johnson

South32's report for the first quarter of the 2016 financial year was released to the market this morning. The production numbers were good, as expected, and management are indicating there is more cost to come out of the business than suggested at the time it was spun out of BHP... Show More

Steve Johnson

South32 (ASX:S32), a BHP spinoff, owns a range of mines in the southern hemisphere including assets in Australia, South Africa and South America. Most of the mines are high quality and low cost. But the commodities involved—aluminium, coal, nickel and manganese—are all in a deep slump, and South Africa and... Show More