Asset Report
Cerro Matoso Nickel Operation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Cerro Matoso has historically been the lowest cost ferronickel producer in the world. However, it is faced with declining ore grades which is increasing operating costs. BHP Billiton had been looking at options, including heap leaching of low grade ores, which could lead to the doubling of capacity at Cerro Matoso. In 2014, BHP spun off Cerro Matoso as part its move to divest non-core assets into a new company, South 32. In 2025, South 32 has started the sales process while also cutting costs at Cerro Matoso due to the nickel market downturn. On 7 July, South32 agreed to sell its Cerro Matoso ferronickel operation to CoreX Holding for up to US$100 million.
Table of contents
- Summary
-
Key issues
- Emissions
- Mining
- Process
- Cashflow
Tables and charts
This report includes the following images and tables:
- Cerro Matoso Emission Intensity Quartile Ranking - total global production - tonnes Ni equivalent
- Detailed map
What's included
This report contains:
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