South32 Ltd (S32J.J)
Thu, Jul 18 2019
Australia's South32 Ltd on Thursday reported a 69% jump in full-year coking coal production, beating analyst estimates, as the diversified miner ramped up production at its Illawarra project.
* Receives bids for South Africa Energy Coal assets in June qtr (Adds details of manganese smelter review, S. Africa coal bids)
July 18 Diversified miner South32 Ltd reported a 17.4% rise in coking coal output in the fourth quarter on Thursday, helped by strong production at its Illawarra project. Production of the steel-making ingredient, known as metallurgical or coking coal, came in at 1.3 million tonnes in the June quarter, compared with 1.1 million tonnes a year earlier. (https://reut.rs/2xPuM64)
LONDON/JOHANNESBURG, June 20 Seriti Resources and a consortium backed by global energy trader Mercuria are among up to six groups to have submitted final bids for the South African coal assets of South32, four sources familiar with the matter told Reuters.
April 18 Australian miner South32 Ltd on Thursday reported a 37 percent fall in its third-quarter coking coal production compared to the second quarter, as its continues to focus on keeping down costs at its Illawarra operations.