Worsley Mine Development Project Receives Federal Approval
| Stock | SOUTH32 Ltd (S32.ASX) |
|---|---|
| Release Time | 12 Feb 2025, 12:30 p.m. |
| Price Sensitive | Yes |
Worsley Mine Development Project Receives Federal Approval
- South32's Worsley Alumina receives federal environmental approval for Worsley Mine Development Project
- Project will enable access to bauxite to sustain production at Worsley Alumina
- New mining areas expected to sustain production to at least FY36
South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) has announced that its 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 are consistent with the State environmental approval received on 20 December 2024. The Project will enable access to bauxite to sustain production at Worsley Alumina, with mining of bauxite areas located near the existing operations expected to commence in Q4 FY25. South32 will also commence the development of new mining areas that are expected to sustain production to at least FY36. South32 Chief Executive Officer, Graham Kerr, stated that the Federal Government's approval is a positive outcome for Worsley Alumina, its workforce, the local communities, and the economy. Worsley Alumina has been operating for more than 40 years and is one of the largest employers in the region, supporting thousands of jobs. The Aluminium Stewardship Initiative has also awarded Worsley Alumina multiple certifications for responsible production of alumina, a vital component in the production of aluminium which is critical to the global energy transition.
The Project will enable access to bauxite to sustain production at Worsley Alumina, with mining of bauxite areas located near the existing operations expected to commence in Q4 FY25. South32 will also commence the development of new mining areas that are expected to sustain production to at least FY36.