IMC guidance dropped 5%

AN EXTENDED longwall move and the impact of industrial action at Appin has led South32 to drop production guidance for its Illawarra Metallurgical Coal business by 5%.

An extended longwall move and industrial unrest at Appin has hurt IMC's output.

24 October 2022
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South32 had given production guidance for IMC of 7.4 million tonnes for 2022-23. That has been dropped to 7Mt.

The company did manage to finalise industrial agreements at Appin.

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