Tag: South32
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South 32’s thermal coal output down 19% in Jul-Sept’21 quarter
Mining giant South 32 has reported a significant fall in its thermal coal output in the Jul-Sept’21 quarter. Production of thermal coal dropped 19%, q-o-q, and 38% on the year to 0.31 mn t. The decline in production was mainly due to lower sales of low-grade coal amid elevated freight charges. Sales of thermal coal…