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By John Biju
(Reuters) - Australia's South32 posted a bigger-than-expected 18% drop in its first-quarter metallurgical coal output on Monday, hurt by production disruptions at its flagship Illawarra operations in New South Wales.
Shares of the diversified miner fell as much as 3.6% to A$3.250, their lowest since Sept. 28, and were among the top 10 losers in the ASX 200 benchmark index.
Production at the Perth-based company's Dendrobium coal mine in Illawarra was affected by an extended planne...
>>> Read more: Australian miner South32's met coal output falls on Illawarra disruptions
(Reuters) - Australia's South32 posted a bigger-than-expected 18% drop in its first-quarter metallurgical coal output on Monday, hurt by production disruptions at its flagship Illawarra operations in New South Wales.
Shares of the diversified miner fell as much as 3.6% to A$3.250, their lowest since Sept. 28, and were among the top 10 losers in the ASX 200 benchmark index.
Production at the Perth-based company's Dendrobium coal mine in Illawarra was affected by an extended planne...
>>> Read more: Australian miner South32's met coal output falls on Illawarra disruptions
