South32 (ASX:S32) Receives Federal Approval for Worsley Mine Project
Project Approval
South32 announced that Worsley Alumina has received federal environmental approval for the Worsley Mine Development Project under the Environmental Protection and Biodiversity Conservation Act (1999). The approval is subject to conditions consistent with the state environmental approval received in December 2024.
Project Development
The project will enable access to bauxite to sustain production at Worsley Alumina, with mining near existing operations set to commence in Q4 FY25. Development of new mining areas is expected to sustain production through at least FY36, pending necessary secondary approvals.
Executive Comments
South32 Chief Executive Officer, Graham Kerr, said: “The Federal Government’s approval of the Worsley Mine Development Project is a positive outcome for Worsley Alumina and its workforce, the Peel and South West communities, and the local economy. Worsley Alumina has been operating for more than 40 years and is one of the largest employers in the region, supporting jobs for thousands of workers and contractors. The Aluminium Stewardship Initiative has awarded Worsley Alumina multiple certifications against its global standards for responsible production of alumina, a vital component in the production of aluminium which is a metal critical to the global energy transition. We look forward to executing the project in accordance with the approvals granted by the Federal and Western Australian governments.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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