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Reuters
Reuters
Business

Australia’s South32 second quarter metallurgical coal production nearly doubles

FILE PHOTO: The logo of Australian miner South32 can be seen at the venue of a media conference in Perth, Western Australia, November 18, 2015. REUTERS/David Gray

(Reuters) - Mining group South32 Ltd <S32.AX> 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)

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