South32 reports higher FY2019 operating costs at manganese alloy operations

Western Australia-based miner South32 has reported increases of as much as 21% in operating unit costs at its manganese alloy operations for the 2018-19 financial year, which ended on June 30. This came against a continued decline in prices, months after putting the operations up for review.

The miner reported a 21% increase in manganese alloy operating unit costs at its South Africa Manganese business for the 12 months to June 2019, raising the costs to $1,178 per tonne. In its financial statement published on Thursday August 22, the company cited an “unfavorable movement in inventory” and higher labor costs. The realized external sales price for manganese alloy at the South African business dropped over the same period to $1,068 per tonne, from...

Published

Janie Davies

August 22, 2019

15:32 GMT