BULKS

Australian coal leader beats guidance

ASX-listed Whitehaven Coal has made a strong finish to the financial year and reported June quarter run-of-mine coal production of 7.3 million tonnes, up 25% on the previous corresponding period.

Staff reporter
Whitehaven Coal's Maules Creek mine in New South Wales, Australia

Whitehaven Coal's Maules Creek mine in New South Wales, Australia

Whitehaven CEO Paul Flynn said full year RoM coal production of 23.2Mt exceeded full year guidance.

"It's pleasing to see a respectable production result for the quarter and year, particularly in respect of Narrabri, which demonstrated a strong return to form," he said.

"Safety performance was also positive and we are absolutely focused on ensuring continued vigilance on this front.

"We also progressed along the approvals pathways for both Vickery and Winchester South, together with developments at our existing assets, very much reflecting our status as the true growth player in the Australian seaborne market."

The Narrabri longwall mine in New South Wales performed strongly in the June quarter producing 1.9Mt RoM coal and 6.4Mt for the full year, exceeding guidance by a wide margin.

Production at Whitehaven's Maules Creek opencut coal mine in NSW rose 7% on the previous corresponding period to 11.7Mt.

During the June quarter Whitehaven's Winchester South was declared a coordinated project by the Queensland government.

Shares in Whitehaven jumped 4.9% to A$3.83.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.