Sime Darby Industrial pins hope on mining recovery

ISime Darby Bhd group CEO Datuk Jeffri Salim Davidson (pic) says a reduction in both steel production and electricity generation, both key to SDI’s operations, have led to the fall in prices for both metallurgical (met) and thermal coal.

A KEY component of the Sime Darby Group, Sime Darby Industrial Australasia (SDI) hopes to ride out short-term demand challenges and expects better months ahead.

Sime Darby Bhd group CEO Datuk Jeffri Salim Davidson (pic) says a reduction in both steel production and electricity generation, both key to SDI’s operations, have led to the fall in prices for both metallurgical (met) and thermal coal.