South32 reports having sold UMK stake in December quarter

South32 sold an indirect stake in fellow manganese producer United Manganese of Kalahari (UMK) for $93 million during the three months to December 31, 2019, both companies have confirmed.

“[South 32] completed the sale of a legacy shareholding owned by our manganese joint venture for $93 million (for the South32 share), distributing the majority of the proceeds to the...


Janie Davies

January 22, 2020

15:16 GMT