IN BRIEF: South32 completes sale of nickel refinery to CoreX Holding

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South32 Ltd - Perth, Australia-based diversified mining company - Completes divestment of its nickel refinery in Colombia, Cerro Matoso SA, to a subsidiary of CoreX Holding BV. CoreX is a vertically integrated, global industrial conglomerate established in 2024 by Robert Yuksel Yildirim. South32 agreed to sell the refinery back in July in a transaction worth up to $100 million, or around R 1.78 billion. The company has previously said the deal follows a strategic review amid structural changes in the nickel market.

Current stock price in London: 163.80 pence, up 2.6% on Monday morning

12-month change: down 13%

Current stock price in Johannesburg: R 36.96, up 3.8% on Monday afternoon

12-month change: down 15%

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