South32 lowers SA coal production forecast
Wet weather and subdued local demand means the company expects coal production in SA to be at the lower end of recent guidance
16 January 2020 - 11:02
Diversified miner South32 said on Thursday it lowered its 2020 production guidance at its soon-to-be-sold SA coal business, citing wet weather and subdued local demand.
South32 said that combined with it’s near-term outlook for domestic demand, and the demobilisation of contractors operating the unprofitable pits, production was expected to be at the bottom end its recent guidance range, or 26-million tonnes...
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