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MELBOURNE (Reuters) - Australian diversified miner South32 Ltd on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had led to an inventory buildup, impacting working capital.
In its quarterly report, South32 met coal, aluminium and copper forecasts and slightly exceeded analyst estimates for manganese ore production, for which it is the world's biggest producer. Shares were up 1.3%.
"While production was inline, sales were impacted, lea...
>>> Read more: South32 sees shipping delays tying up cash in inventory
In its quarterly report, South32 met coal, aluminium and copper forecasts and slightly exceeded analyst estimates for manganese ore production, for which it is the world's biggest producer. Shares were up 1.3%.
"While production was inline, sales were impacted, lea...
>>> Read more: South32 sees shipping delays tying up cash in inventory
