Ups capital management program by 200 mln usd for buybacks (Il Sole 24 Ore Radiocor) - Sydney, 29 Aug - South32 declared a final dividend of 3.1 US cents per share bringing the full year dividend to 3.5 US cents. In the previous year it was 8.1 US cents.

The company also said it was expanding its capital management program by 200 million, to be returned via an on-market share buy-back, following the sale of Illawarra Metallurgical Coal.

In FY25, South32 expects to increase its low-carbon aluminium production by 17% as Brazil Aluminium continues to ramp up and Mozal Aluminium delivers its recovery plan, and lift copper production by 15% as Sierra Gorda realizes higher planned grades.

FY25 group capital expenditure, excluding EAIs, is expected to decrease by 52 million to 990 million, reflecting lower sustaining capital expenditure with the divestment of Illawarra Metallurgical Coal, partially offset by higher growth capital expenditure at Hermosa as the company progresses construction of Taylor and the exploration decline for Clark.

AAA-Sch

(RADIOCOR) 29-08-24 08:21:14 (0153) 5 NNNN