Tag: South Africa Energy coal

BOTH the 2019 half year results and March quarter results for South32 bode well for the year ahead, with chief executive Graham Kerr confident of an achievable production guidance for 2019. “For the full year we’ve increased production guidance at Illawarra Metallurgical Coal by 7 per cent with production guidance unchanged for all other operations,” he said. “We’ve also lowered unit cost guidance for most operations as we maintain operating discipline and benefit from a stronger US dollar.” Saleable production at Illawarra for the March quarter increased by 68 per cent and 2033kt to 5Mt in the nine months ended March 2019, and was set to produce 6.5kt as it started on the extraction of new panels at both Appin…

All images: South32. BY REUBEN ADAMS AS South32 enjoys strong margins for all of its key commodities in 2018, the global miner is making good on promises to invest capital into savvy brownfields and greenfields opportunities. The June quarter was a good one for South32, which has finished FY18 on a strong note. In Australia, the miner reported record production from its manganese operations, as the world’s number one producer of the steel ingredient lifted output to take advantage of better prices. Progressing through a higher grade stope sequence at the world-beating Cannington silver-lead mine in QLD in the quarter saw payable silver, lead and zinc production increase by 37 per cent, 33 per cent, and 45 per cent respectively.…