Tag: Mining major

South 32 to curtail thermal coal production in South Africa amid mounting losses

Aug 31, 2020

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by

Aditi Tiwari

in Non Coking

The mining major, South 32 has announced production cut at its Wolvekrans collieries in South Africa for three months starting 1 Sep’20. The company has cited mounting operating losses and negative cash flows triggered by COVID-induced sluggish seaborne demand as the key reasons for the production cut. The Wolvekrans is one of the largest open-cast…