By David WinningSYDNEY--South32 Ltd. reported a mixed quarter of production for commodities that it digs up at operations around the world and signaled US$109 million in impairment charges tied to a review of its manganese alloy smelters. South32 said its Cannington silver-lead mine was a standout performer, exceeding guidance for the year through June by 8%. Management said completion of the TEMCO review had been delayed by the coronavirus pandemic. South32 said it expected to book pretax impairment charges of approximately US$109 million in its results for the year through June. The company said it also expected around US$7 million in pretax restructuring costs, including redundancies, at Metalloys.

Source: Wall Street Journal July 19, 2020 23:03 UTC