{"id":39676,"date":"2023-07-24T05:33:56","date_gmt":"2023-07-24T09:33:56","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/south32-flags-1-3-billion-impairment-on-taylor-deposit\/"},"modified":"2023-07-24T05:33:57","modified_gmt":"2023-07-24T09:33:57","slug":"south32-flags-1-3-billion-impairment-on-taylor-deposit","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39676","title":{"rendered":"South32 Flags $1.3 Billion Impairment on Taylor Deposit"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230723-700737\" role=\"document\">\n<p>By Rhiannon Hoyle<\/p>\n<pre><\/pre>\n<p>South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa project in the Patagonia Mountains of southern Arizona.<\/p>\n<p>The company said recent studies have shown it can develop the Taylor zinc-lead-silver and Clark battery-grade manganese deposits independently and that it is now required to assess those deposits and the regional exploration land package individually.<\/p>\n<div class=\"paywall\">\n<p>South32 said the Taylor deposit has been negatively impacted by a number of factors since the Hermosa project was acquired in 2018, including delays related to the pandemic.<\/p>\n<p>&#8220;We are disappointed by the delays resulting from the impact of Covid, the significant dewatering requirements and current inflationary market conditions,&#8221; said Chief Executive Graham Kerr.<\/p>\n<p>&#8220;We continue to see substantial opportunity to unlock additional value across Taylor, Clark and our highly prospective regional exploration package and that optionality is not included in today&#8217;s impairment assessment,&#8221; he said.<\/p>\n<pre><\/pre>\n<p>Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/south32-flags-1-3-billion-impairment-on-taylor-deposit-5fd9671?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa project in the Patagonia Mountains of southern Arizona. The company said recent studies have shown it can develop the Taylor zinc-lead-silver and Clark battery-grade manganese deposits independently and that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-39676","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=39676\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=39676\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-24T09:33:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-24T09:33:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=39676#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=39676\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"South32 Flags $1.3 Billion Impairment on Taylor Deposit\",\"datePublished\":\"2023-07-24T09:33:56+00:00\",\"dateModified\":\"2023-07-24T09:33:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=39676\"},\"wordCount\":176,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=39676#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=39676\",\"url\":\"https:\/\/ifintechworld.com\/?p=39676\",\"name\":\"South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-24T09:33:56+00:00\",\"dateModified\":\"2023-07-24T09:33:57+00:00\",\"description\":\"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=39676#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=39676\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=39676#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South32 Flags $1.3 Billion Impairment on Taylor Deposit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld","description":"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=39676","og_locale":"en_US","og_type":"article","og_title":"South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld","og_description":"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa","og_url":"https:\/\/ifintechworld.com\/?p=39676","og_site_name":"iFintechWorld","article_published_time":"2023-07-24T09:33:56+00:00","article_modified_time":"2023-07-24T09:33:57+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=39676#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=39676"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"South32 Flags $1.3 Billion Impairment on Taylor Deposit","datePublished":"2023-07-24T09:33:56+00:00","dateModified":"2023-07-24T09:33:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=39676"},"wordCount":176,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=39676#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=39676","url":"https:\/\/ifintechworld.com\/?p=39676","name":"South32 Flags $1.3 Billion Impairment on Taylor Deposit | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-24T09:33:56+00:00","dateModified":"2023-07-24T09:33:57+00:00","description":"By Rhiannon Hoyle South32 on Monday said it expects a noncash impairment expense of roughly $1.3 billion in relation to the Taylor deposit at its Hermosa","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=39676#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=39676"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=39676#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"South32 Flags $1.3 Billion Impairment on Taylor Deposit"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/39676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39676"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/39676\/revisions"}],"predecessor-version":[{"id":39677,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/39676\/revisions\/39677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}