South 32 ( $South32 Ltd (S32.AU)$ ) shares fell 12.5% after ...
South 32 ( $South32 Ltd (S32.AU)$ ) shares fell 12.5% after the miner wrote down the value of Worsley Alumina refinery in WA by $581 million due to the government imposing a fresh set of environmental conditions that could render the operation uneconomical. S32 is appealing the decision….Political risk is certainly on the rise in Australia.
I cut the below from a recent strategy update….
I cut the below from a recent strategy update….
South 32 thought they were being a good little woke mining company by divesting their MET COAL business, but the leftists in government can never be satisfied – EVER….The ridiculous part about the above slide is the so called “low-carbon future” (solar/wind/EV’s etc) is completely reliant on MET COAL!
S32 board is a total embarrassment for bending the knee to the unhinged, climate change movement that is trashing the environment with their green SCAM agenda. “Low-carbon” is an insane concept because without it, all life form on earth dies.
S32 board is a total embarrassment for bending the knee to the unhinged, climate change movement that is trashing the environment with their green SCAM agenda. “Low-carbon” is an insane concept because without it, all life form on earth dies.
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