South32 cuts debt

SOUTH32 has boosted its better-performing assets and minimised the impact of some of its stragglers in an effort to reduce its net debt.

South32 cuts debt South32 cuts debt South32 cuts debt South32 cuts debt South32 cuts debt

South32 had to cut its production for Illawarra Metallurgical Coal.

The BHP spin-off announced significant reductions in its net debt from $US196 million at September 30, 2015, to an estimated $115 million at December 31.

Debt at June 30, 2015 was $402 million.

loader