South32 Q3 metallurgical coal output jumps 18% on robust output at Illawarra mine

  • Reuters
  • Stock Market News
South32 Q3 metallurgical coal output jumps 18% on robust output at Illawarra mine

April 20 (Reuters) - Australia's South32 Ltd S32.AX said on Monday that production of metallurgical coal rose nearly 18% in the third quarter, helped by robust output from its flagship Illawarra mine.

Production of the steel-making ingredient rose to 1.2 million tonnes during the quarter ended March 31, compared with 990,000 tonnes a year earlier.

The figure was in line with a UBS forecast of about 1.2 million tonnes.

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