South32 Will Review Options After US Anti-Dumping Decision
September 22 2015 - 6:34AM
Dow Jones News
By Rory Gallivan
LONDON--Miner South32 Ltd. (S32.AU) said it will review its
options after the U.S. Department Commerce announced it will impose
preliminary anti-dumping measures for imports of Australian
Silicomanganese.
"The United States Department of Commerce has issued a notice of
a preliminary anti-dumping determination, setting a 11.93% rate for
imports of Silicomanganese of Australian origin," the company said,
adding it is disappointed with the determination.
The measures affect South32's manganese alloy plant in Tasmania,
said South32, which was recently spun out of mining giant BHP
Billiton Ltd. (BHP.AU).
South32 shares in London at 0951 GMT, were down a penny, or
0.8%, at 67 pence valuing the company at GBP3.5 billion ($5.4
billion).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 22, 2015 06:19 ET (10:19 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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