South32: cuts too deep?

Several problems at a key asset raise an ominous question: has South32 cut costs too far?

After a stellar 12 months that have seen the share price rise, profits grow and debt dwindle, South32 has finally stumbled.

Mining has been suspended at the Appin metallurgical coalmine after high gas readings were measured. This is the fourth disruption at Appin since late last year after problems on the longwall were found.

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