Appin drags Illawarra Met Coal to US$62M loss

ILLAWARRA Metallurgical Coal, a South32 subsidiary, has reported a full year loss of US$62 million for the FY2018 as problems at its Appin colliery in New South Wales dogged production levels at the mine.

Appin drags Illawarra Met Coal to US$62M loss

South32's Appin longwall in NSW.

24 August 2018
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The company's revenue for the year almost halved to $686 million.

One-off costs associated with the company's Appin restart plan came to $23 million.

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