A sign adorns the building where Australian miner South32 has their office in Perth, Western Australia. Picture: REUTERS/DAVID GRAY
The buyback programme is already 92% complete, leaving $121m remaining. It had been suspended in March as the group battled with the prospect of production restrictions and market volatility. The group said on Monday it had operated its aluminium smelters at maximum capacity, despite load-shedding, while metallurgical coal production rose 22%.
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