GEMCO said a small workforce would be needed for the construction phase
Kerr said the company was well positioned to capitalise on improved market conditions
The South32 board recently approved a $400 million single longwall unit for its Appin mine
It will continue to support the transition to a more efficient single longwall configuration
Commercialisation agreement for CT rig entered into with Schramm
Kerr expects operating unit costs for the first half to be in-line with or below guidance.
FY23 production guidance remains unchanged at 7Mt.
Extended Appin longwall move partly to blame
The agreement covers nearly 500 production and engineering employees at Appin mine.
Appin miners were using the rights available to them under the Fair Work Act.
Expected returns from the US$700 million up-front capital expenditure estimate were not sufficient.
The court's decision emphasised the importance of protecting workers.