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South32 still ahead of the pack

Rising cash balance puts pressure on BHP spinoff

Daniel Gleeson
The 2016 nickel-price rise has boosted margins at the company’s Cerro Matoso mine in Colombia (pictured)

The 2016 nickel-price rise has boosted margins at the company’s Cerro Matoso mine in Colombia (pictured)

Thermal coal output was ahead of expectations, but met coal, which has seen a huge price boost year-to-date, failed to meet analyst forecasts. The diversified miner, which was spun off from BHP Billiton...

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