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Illawarra Metallurgical Coal Update
South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX, LSE, JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net
10 May 2017
ILLAWARRA METALLURGICAL COAL UPDATE
South32 Limited (ASX, JSE, LSE: S32; ADR: SOUHY) (South32) advises today that production
at Illawarra Metallurgical Coal in FY17 is expected to be at least 10 per cent below prior
guidance of 7.9Mt.
On 7 May 2017 elevated gas concentrations were recorded at Appin Area 7. All personnel were
safely evacuated. We have informed the New South Wales Department of Planning and
Environment (Resources Regulator) of the incident and a prohibition notice has been issued.
Production at the Area 7 and Area 9 longwalls, which form part of the broader Illawarra
Metallurgical Coal operation, has been suspended until our investigation into the incident is
completed. A revised production forecast for FY17 will be provided in due course, with the
decrease expected to translate directly to sales given low inventory levels. A commensurate
increase in unit costs is also anticipated.
About South32
South32 is a globally diversified mining and metals company with high quality operations in
Australia, Southern Africa and South America. Our purpose is to make a difference by
developing natural resources, improving people’s lives now and for generations to come. We are
trusted by our owners and partners to realise the potential of their resources. We have a simple
strategy to maximise the potential of our assets and shareholder returns by optimising our
existing operations, unlocking their potential and identifying new opportunities to compete for
capital.
Forward-looking statements
This release contains forward-looking statements, including statements about production
forecasts. These forward-looking statements reflect expectations at the date of this release;
however, they are not guarantees or predictions of future performance. They involve known and
unknown risks, uncertainties and other factors, many of which are beyond our control, and which
may cause actual results to differ materially from those expressed in the statements contained in
this release. Readers are cautioned not to put undue reliance on forward-looking statements.
Except as required by applicable laws or regulations, South32 Limited does not undertake to
publicly update or review any forward looking statements, whether as a result of new information
or future events. Past performance cannot be relied on as a guide to future performance.
Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia
ABN 84 093 732 597 Registered in Australia
FURTHER INFORMATION
INVESTOR RELATIONS
Alex Volante Rob Ward
T +61 8 9324 9029 T +61 8 9324 9340
M +61 403 328 408 M +61 431 596 831
E Alex.Volante@south32.net E Robert.Ward@south32.net
MEDIA RELATIONS
Diana Wearing Smith Hayley Cardy
T +61 8 9324 9198 T +61 8 9324 9008
M +61 436 482 290 M +61 409 448 288
E Diana.Smith@south32.net E Hayley.Cardy@south32.net
Further information on South32 can be found at www.south32.net.
JSE Sponsor: UBS South Africa (Pty) Ltd
10 May 2017
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