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South32 pays maiden divi despite loss

BHP spin-out surprises market on the upside

Richard Wachman
South32 has surprised analysts with its respectable cash position

South32 has surprised analysts with its respectable cash position

But the base metals and coal group beat its cost reduction target by almost $100 million, reducing controllable costs by $386 million and cutting capital expenditure 39% ($243 million). Including equity...

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