Why BHP reckons China’s economy is poised to improve
China’s infrastructure and automotive sectors are “already responding to policy support,” although a rebound in housing activity is expected to take longer, the producer said.
South32 second-quarter metallurgical coal output falls 15%
Illawarra project in New South Wales. (Image courtesy of South32).
Australian diversified miner South32 Ltd on Monday posted a near 15% drop in its second-quarter metallurgical coal output, hurt by an extension of a longwall form of mining at its flagship Illawarra project in New South Wales.
Production of metallurgical coal, used to make steel, fell to 1.2 million tonnes (Mt) in the three months to Dec. 31 from 1.4 Mt a year earlier.
The diversified miner also warned of potential impact in the second half from workforce restrictions due to the coronavirus pandemic in New South Wales.
(By Sameer Manekar and Riya Sharma; Editing by Chris Reese)
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