Original article by Paul Garvey
The Australian – Page: 18 : 22-Jan-16

South32’s net debt fell to $US115m in the December 2015 quarter, after it repaid $US81 million worth of debt during the period. The BHP Billiton spin-off’s debt had exceeded $US400m at the start of 2015-16, and Paul McTaggart of Credit Suisse forecasts that it will have no debt at the end of the financial year. Meanwhile, South32 has reported that its metallurgical coal output fell by 41 per cent during the second quarter, while manganese production was 37 per cent lower.

CORPORATES
SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, CREDIT SUISSE (AUSTRALIA) LIMITED