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Whitehaven plunges on latest guidance downgrade

Production, sales and cost guidance all weaker

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

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

Late last month, the company narrowed FY21 managed ROM coal production guidance to 21.4-22Mt from 21-22.5Mt and trimmed managed coal sales guidance to 18.5-19Mt from 19-20Mt, after heavy rain and flooding...

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