South Africa Manganese (Hotazel) — mine

Hotazel Manganese Mines in the Kalahari manganese field, Northern Cape, South Africa, comprising the Wessels underground mine and the Mamatwan open-pit mine. South32 holds 60% of Samancor Holdings, which indirectly owns 74% of Hotazel Manganese Mines, giving an effective 44.4% interest (accounted at 54.6% until B-BBEE vendor-finance loans are repaid); equity-accounted JV with Anglo American. FY26 guidance of 2,000kwmt is subject to continued use of higher-cost trucking in response to market conditions.