19
Feb
01:13
South32 profit falls on weak coal volumes, prices
Australian miner South32 has reported lower profit for the first half ended 31 December 2023, dragged by lower coal volumes and prices, Kallanish notes.
South32 says underlying profit plunged 93% to $40 million from $560m a year earlier.
Earnings were dragged down by lower commodity prices and metallurgical coal volumes as the firm completed two planned longwall moves at Illawarra metallurgical coal mine.
The firm’s underlying H1 revenue also fell 14% t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous