South32 will appeal Colombian Court ruling

Company News

by Anna Napoli

Mining and Metals company South32 (ASX:S32) says it will appeal a Colombian Courts’ decision regarding the alleged health and environmental impacts on the community surrounding the company’s Colombian mine.

The AFR is reporting the Colombian Constitutional Court found that waste from the mine had led to locals being diagnosed with lung problems including cancer.

The company says that it’s committed to contributing positively to the communities where it operates.

South32 says at this stage, it’s not possible to fully assess any potential financial or operational impacts.

Shares in South32 (ASX:S32) closed 5.14 per cent to $3.48 yesterday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.