South32 flags lower coal output for FY2018

South32 expects to produce 4.5 million tonnes of saleable coal at its Illawarra Metallurgical Coal Complex in New South Wales, Australia, during its 2018 financial year, a 36.6% year-on-year drop, the miner said on Tuesday December 5.

Production will be weighted to the second half of the financial year, which ends on June 30, given the recent outage at the Appin colliery due to elevated gas concentration levels, the miner added.

Metallurgical coal is expected to account for 3.35 million tonnes of saleable production...


Deepali Sharma

December 05, 2017

07:19 GMT