South32 rejigs lead team as cash builds

SOUTH32 has reinstated its share buy-back program after a steady quarter in which the company’s net cash position grew.

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Studies continue on the Hermosa zinc project in Arizona

Despite a build in working capital, South32's September 30 net cash position increased by US$70 million to $368 million.

The company has lifted the suspension of its on-market share buy-back.