South32 warns of labour challenges and freight bottlenecks 🔒
Diversified miner South32 has warned Covid-19-induced congestions at the ports, and labour shortages are denting its operations, prompting a cut in full-year guidance for its Australian manganese production.
Australia is currently experiencing a surge in Covid-19 numbers, driven by the more transmissible Omicron variant, with the pandemic also prompting a worldwide container shortage and a shipping backlog in ports, notably in commodities-hungry China...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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