South32 Limited Website

South32 Limited

ASX-S32

Company Overview

South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals. South32 Limited also exports its products. The company was incorporated in 2000 and is headquartered in Perth, Australia.

  • Name

    South32 Limited

  • CEO

    Graham Kerr

  • Website

    www.south32.net

  • Sector

    Metals and Mining

  • Year Founded

    2000

Company Statistics

Profile

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Financial Health

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Growth (CAGR)

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Dividends

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Bulls Say

  • South32 is a beneficiary of continued global population growth, urbanization, and increased demand for commodities from industrialization.

  • South32's cash flow base is diversified, and diversification brings some resilience to cash flows. Development of the Hermosa Taylor deposit likely skews earnings toward a low-cost, relatively high-quality zinc mine.

  • The company has assets with cost bases generally in the lowest half of their respective industry cost curves, with a reasonable portfolio of expandable operations.

Bears Say

  • The desire to diversify earnings into base metals and the need to eventually replace depletion presents a longer-term risk for missteps, with a major acquisition the key risk to the balance sheet.

  • South32's assets are generally second tier and it has higher leverage to commodity prices than its lower-cost competitors.

  • Sovereign risk is above average for South32 compared with peers, with significant earnings from developing world locales.

Source: Morningstar Analysis - Oct 14, 2025
ASX:S32