off-the-wire

Australia's South32 trims annual met coal forecast on weaker production

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 24 (Reuters) - Australian diversified miner South32 Ltd on Monday cut its annual metallurgical coal output forecast by 7% owing to challenging strata conditions at its New South Wales-based Appin Mine.


South32 said it expects to produce 6.5 million tonnes of Illawarra metallurgical coal for the year to June 2023, down from its prior forecast of 7.0 million tonnes. The miner's third-quarter metallurgical coal production dipped more than 20% to 1.24 million tonnes.



(Reporting by Nausheen Thusoo and Echha Jain in Bengaluru; Editing by Lisa Shumaker)

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