30
Mar
04:33
South32 to cut expenses in 2020 and 2021
South32 will reduce sustaining capital expenditure by $150 million and exploration activity by $10m in the next 15 months, Kallanish notes from a company announcement. This is to deal with the operational challenges caused by Covid-19,
The company said the reduction in sustaining capex would be achieved via a -10% cut this financial year and -18% in the next financial year. Guidance for sustaining capex for FY 2020 was $580m, while it expects to spe…
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Anonymous
Very good overview of the weekly steel market.
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