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South32 to return additional $500m to shareholders

Creamer Media Editor
Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing capital management programme will initially take the form of an on-market share buy-back in Australia.

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