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Australia’s South32 Q3 coking coal production down 37 pct vs Q2, beats estimate

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Source: SteelGuru, April 19, 2019

Australian miner South32 Ltd on Thursday reported a 37 percent fall in its third-quarter coking coal production compared to the previous quarter.



Production of coking coal or metallurgical coal, a key steel-making ingredient, fell to 990 kilo tonnes during the March quarter from 1.6 million tonnes in the second quarter, but beat a Goldman Sachs estimate of 784 kilo tonnes by a large margin.

News Source: REUTERS
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