South32 output drops for most commodities

Shares in South 32 have fallen after the diversified miner’s annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.

Bad weather and challenging conditions at various operations affected Perth-based South32’s performance over the 2016-17 full financial year.

Shares in South32 were 6.5 cents, or 2.29 per cent, lower at $2.77 at 10am.

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