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PERTH - Mining and metals company South32 Limited (ASX/LSE/JSE:S32) announced Tuesday it has submitted its daily share buy-back notice to relevant stock exchanges, according to a company press release.
The company said the Appendix 3E notice has been lodged with the Australian Securities Exchange and voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange. The document has also been submitted to the UK’s National Storage Mechanism.
South32 is a globally diversified mining and metals company with operations in Australia, Southern Africa, and South America. The company produces various commodities including bauxite, alumina, aluminum, copper, zinc, lead, silver, nickel, and manganese.
The company’s share buy-back program represents ongoing capital management activity, though specific details about the number of shares repurchased or prices paid were not included in the announcement.
Share buy-back programs are typically implemented by companies to return capital to shareholders, potentially support share prices, or adjust capital structures.
South32 describes its corporate purpose as "making a difference by developing natural resources, improving people’s lives now and for generations to come." The company also noted it maintains a portfolio of development projects focused on commodities considered critical for a low-carbon future.
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