South32 seeks to lower SA coal production costs

SOUTH32 expects costs to decline at its South African coal operations in the 2017 financial year as the assumed depreciation of the South African Rand offsets an increase in stripping activity required to access new mining areas, primarily at the Wolvekrans Middleburg Complex.

sponsored-logo
South32 seeks to lower SA coal production costs South32 seeks to lower SA coal production costs South32 seeks to lower SA coal production costs South32 seeks to lower SA coal production costs South32 seeks to lower SA coal production costs

Operating unit cost, including sustaining capital expenditure, was expected to drop from $US27 to $26 per tonne in 2017, South32 said in a presentation to visiting analysts.

loader