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Australia’s South32 Q2 metallurgical coal production nearly doubles

Reuters | January 16, 2019 | 1:59 pm Energy Australia Coal

Mining group South32 Ltd on Thursday said its second-quarter metallurgical coal output nearly doubled from the same period a year ago, boosted by strong production at its Illawarra project.

Production of coking or metallurgical coal, which is a key steel-making ingredient, rose to about 1.6 million tonnes in the December quarter from 788,000 tonnes a year earlier. The figure was substantially higher than a Citi estimate of 804,000 tonnes.

(Reporting by Ambar Warrick and Rashmi Ashok in Bengaluru)