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Stronger volumes unable to stop slide in IMC's earnings

Sustaining capital expenditure is expected to decrease $35 million in FY21 to $150 million.

Lou Caruana
Illawarra Metallurgical Coal's Appin longwall mine in NSW.

Illawarra Metallurgical Coal's Appin longwall mine in NSW. | Credits: South32

Revenues for the 2019-20 financial year were down 19% to $924 million even though saleable production increased 5% to 7 million tonnes as the Dendrobium and Appin longwalls continued to perform strongly,...

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