Konrad Forrest
South32 jobs

Today South32, the world's biggest producer of manganese, said it more than doubled its cash on hand in the September quarter due to a cost cutting drive and as commodities prices recovered.

"Stronger commodity prices and cost saving initiatives delivered a further $US239 million increase in our net cash position to $US551 million, despite the impact of annual payments that followed year end and the typical lag in commodity pricing," chief executive Graham Kerr said.