Tag: Whitehaven coal

AUSTRALIAN coal is in demand for both energy and steel-making. Its high-energy, low ash characteristics ideally match the requirements for high efficiency, low emission (HELE) coal-fired power plants being built throughout Asia, while the high grade metallurgical coals are among the best in the world for modern steel making. Australian coal can also reduce emissions when compared to lower-quality coal from other exporters. Supplier reliability, proximity to key markets and good infrastructure availability puts Australia in a strong position to take advantage of growing demand from existing customers such as Japan, China, Taiwan and Korea, as well as newer buyers such as Vietnam, the Philippines and Thailand. Coal mining in Australia is a sophisticated and hi-tech activity. Continuous improvements in...

As one of the nation’s largest coal producing regions, the Hunter Valley has remained steadfast in response to mounting global pressure over the mining of thermal coal for electricity. IT’S been a hive of activity in the Hunter Valley over the past few months. The region’s coalfields contain largely thermal and soft coking coal. Mines near the eastern edge of the basin are spread along the Hunter Valley from Newcastle in the south to Muswellbrook in the north, most of which are open-cut. Both soft coking and thermal coal products are produced from mines such as Hunter Valley Operations and Bulga. With the NSW Independent Planning Commission giving United Wambo the green light on August 29, the region will now...

WHITEHAVEN Coal has reported a record year amid falling coal prices, and has released its strategy to face climate change head on. The company reported a record net profit after tax before significant items of $564.9m, which put it up 8pc from FY18. This improved the total cash generated to $964.1m, and reduced net debt to $161m at June 30. ROM coal production was up 4pc on 2018 to 18.4mt, and both the Narrabri and Maules Creek mines’ strong finish to the year enabled the company to exceed production guidance. It reported an underlying NPAT of $564.9m and produced 23.2mt of ROM coal. This allowed it to declare 50c per share dividend for the year and payed out dividends equivalent...

WHITEHAVEN Coal has more than doubled its coal production over the last five years, with further upside expected ahead as its Vickery extension and Winchester South projects come online. The first half of FY19 saw Whitehaven Coal post a net profit of $305.8 million after tax, sales revenue grow by 11 per cent, and its net debt pile shrink to $244.2 million. While the company reported a positive outlook for the rest of 2019, it had downgraded its FY19 guidance from between 22 and 23 million tonnes to between 21.5 and 22.5 million tonnes amid issues at its Narrabri mine. But other than an expected decrease in production, it was clear skies ahead for Whitehaven Coal. In a recent investor briefing,...

 All Images: Whitehaven Coal.   BY CAMERON DRUMMOND   ON the back of increased seaborne coal prices, Whitehaven banked record revenue during the first half of the 2017 financial year which enabled the company to pay down more than $300 million of debt.   Whitehaven Coal is Australia’s largest independent coal producer, with five operating mines in North West NSW. The operations have a combined annual output of 20.1 million tonnes per annum (mtpa); however Whitehaven is undertaking expansion works at its flagship Maules Creek operation to increase its saleable coal output to 23mtpa by the 2019 financial year. Thermal and metallurgical coal is produced from one underground mine, Narrabri, and four open cut mines at Maules Creek, Tarrawonga, Werris...