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Tightening met coal market augers well for South32

ENVIRONMENTAL restrictions are increasing demand for higher quality coals and the metallurgical coal market remains tight and sensitive to supply disruption, South32 CEO Graham Kerr told a recent investment conference.

Lou Caruana
The longwall at South32's Appin mine in NSW.

The longwall at South32's Appin mine in NSW.

He said the cost curve would continue to steepen due to higher logistics costs and maturing assets.   "Identified new supply will increasingly come from projects with lower coal quality," Kerr said....

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