South32’s $4.7bn Hermosa project clears key US approval as critical minerals push accelerates

South32 secured major US federal approval for its US$4.7 billion Hermosa critical minerals project, a key step toward advancing a strategic supply chain. The approval is likely to improve the project’s forward progress and reduce regulatory overhang, supporting investor confidence in funding and timelines.

Analysis

South32 secured major US federal approval for its US$4.7 billion Hermosa critical minerals project, a key step toward advancing a strategic supply chain. The approval is likely to improve the project’s forward progress and reduce regulatory overhang, supporting investor confidence in funding and timelines.