South32: wedged between the worst failures of Transnet and Eskom
The miner is concerned about its manganese and aluminium operations, even as its coal business brings in the dosh
02 March 2023 - 05:00
South32 flies under the radar in South Africa because the share isn’t index linked. But the company has been on a strong run this year thanks to the metallurgical coal price. That’s buoyed interim revenue at a time when other mineral prices have shrunk.
Basic underlying share earnings were US12.2c a share, down 44% year on year. Without good old-fashioned coal, South32’s performance would have been worse...
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