12 February 2025
South32
Limited
(Incorporated in Australia under the Corporations Act
2001 (Cth))
(ACN 093
732 597)
ASX / LSE
/ JSE Share Code: S32; ADR: SOUHY
ISIN:
AU000000S320
south32.net
WORSLEY MINE DEVELOPMENT
PROJECT RECEIVES FEDERAL APPROVAL
South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY)
(South32) advises that Worsley
Alumina has received Federal environmental approval for the
Worsley Mine Development Project (the Project) under the
Environmental Protection and
Biodiversity Conservation Act (1999) (Cth).
The Federal approval is subject to
conditions which, where applicable, are substantively consistent
with the State environmental approval received on 20 December
2024[1].
The Project will enable access to
bauxite to sustain production at Worsley Alumina, with mining of
bauxite areas located near our existing operations expected to
commence in Q4 FY25. We will now also commence the development of
new mining areas that are expected to sustain production to at
least FY36[2].
South32 Chief Executive Officer, Graham Kerr
said: "The Federal Government's
approval of the Worsley Mine Development Project is a positive
outcome for Worsley Alumina and its workforce, the Peel and South
West communities, and the local economy.
"Worsley Alumina has been operating
for more than 40 years and is one of the largest employers in the
region, supporting jobs for thousands of workers and contractors.
The Aluminium Stewardship Initiative has awarded Worsley Alumina
multiple certifications against its global standards for
responsible production of alumina, a vital component in
the production of aluminium which is a metal critical to the global
energy transition.
"We look forward to executing the
project in accordance with the approvals granted by the Federal and
Western Australian governments."
About us
Our purpose is to make a difference
by developing natural resources, improving people's lives now and
for generations to come. We are trusted by our owners and partners
to realise the potential of their resources. We produce
minerals and metals critical to the world's energy transition from
operations across the Americas, Australia and Southern Africa and
we are discovering and responsibly developing our next generation
of mines. We aspire to leave a positive legacy and build
meaningful relationships with our partners and communities to
create brighter futures together.
Further information on South32 can
be found at www.south32.net.
Approved
for release to the market by Graham Kerr, Chief Executive
Officer
JSE Sponsor: The Standard Bank of South Africa Limited
12 February 2025
