AUSTRALIA STORIES

South32 still ahead of the pack

South32’s (AU:S32) latest quarterlies to September 30 may have disappointed on the metallurgical coal production and cash generation side, but it continues to retain a balance sheet many of its indebted peers would love to have.

The 2016 nickel-price rise has boosted margins at the company’s Cerro Matoso mine in Colombia (pictured)

The 2016 nickel-price rise has boosted margins at the company’s Cerro Matoso mine in Colombia (pictured)

Thermal coal output was ahead of expectations, but met coal, which has seen a huge price boost year-to-date, failed to meet analyst forecasts. The diversified miner, which was spun off from BHP Billiton...

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