The South32 Ltd (ASX: S32) share price struggled today amid reports that dust from the company’s Gemco mine could be causing “concerning” levels of manganese in nearby residents.
According to reporting by ABC News, the Anindilyakwa Land Council – representing the traditional owners of Groote Eyland, an island in Arnhem Land – is working with South32 to lessen the dust coming from the manganese mine.
As of Tuesday’s close, the South32 share price is $3.66, 1.08% lower than it was at the end of Monday’s session.
For context, the S&P/ASX 200 Index gained 1.03% on Tuesday.
Let’s take a look at today’s news of the metals and mining company.
South32 working to reduce dust from manganese mine
The South32 share price has suffered on the ASX today.
Meanwhile, reports emerged that hair and nail samples from people residing nearby the company’s Gemco mine have been found to contain high levels of manganese.
According to ABC News, the Anindilyakwa Land Council commissioned a report into the effects of dust from the manganese mine 8 years ago. Its CEO, Mark Hewitt reportedly told the publication that the report’s results can’t be released as it hasn’t been published.
The publication states that the World Health Organisation has found inhaling manganese can cause “damage to brain functions controlling dexterity as well as the respiratory and reproductive systems”.
However, the land council has decided to stop funding the research. Instead, it’s working with the company to reduce...
Read Full Story: https://www.fool.com.au/2021/12/07/south32-asxs32-share-price-slumps-amid-concerning-heavy-metals-levels-in-residents/
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