South32 SA coal production to dip further

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Johannesburg – Resources company South32’s coal production is expected to decline further for the 2018 financial year.

This is according to the group’s quarterly report, released on Friday. The group reported a net cash balance of $1.5bn (R19.95bn), this increased from $645m (R8.5bn) reported previously.

During April South32 also announced a $500m or R6.6bn capital management programme to improve shareholder value.  

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