South32 (ASX:S32) has released its quarterly report for September 2024, featuring key operational outcomes and strategic advancements. The company reported a tragic incident at its Cerro Matoso operation, reaffirming its dedication to safety. Production guidance was maintained across operations, with a notable increase in copper volumes. The sale of Illawarra Metallurgical Coal has strengthened South32's financial standing.
South32's quarterly report underscores its focus on safety, production stability, and strategic realignment towards low-carbon commodities. The company successfully sold its Illawarra Metallurgical Coal assets, enhancing its financial position with a substantial cash inflow. Operationally, South32 maintained production guidance and achieved increased copper output, notably at Sierra Gorda. The company is advancing its Hermosa project and exploring new ventures in Namibia and Nevada. South32's commitment to sustainability is reflected in its recent certifications and environmental licenses, positioning it well for future growth in the global energy transition landscape.
The safety of our people and contractors is our highest priority. We are deeply saddened by the loss of Mr. José Luis Pérez at Cerro Matoso and are committed to preventing such incidents in the future. Our operational performance remains strong, with significant progress in our base metals projects aligning with our strategy to support the global energy transition.