Whitehaven sees higher thermal prices
PERTH (miningweekly.com) – Coal miner Whitehaven Coal has reported a 5% increase in run-of-mine (RoM) coal production and a 14% increase in saleable coal production for the three months to September, compared with the previous corresponding period.
The company on Thursday announced that RoM coal production for the September quarter reached 5.7-million tonnes, while saleable coal production hit a record 5.9-million tonnes.
Coal sales for the September quarter were also up by 21% on the previous corresponding period, to a record 6.1-million tonnes, with Whitehaven achieving an average price of $109/t during the September quarter.
Looking ahead, the miner was optimistic that thermal coal prices would increase over the next year, as rolling industrial activity in Australia and severe weather conditions earlier in this year, limited exports.
Whitehaven pointed out that Indonesia was also impacted by wet weather conditions, which also constrained coal exports from that country. The company noted that with the two largest seaborne thermal coal exporters unable to respond to the strong demand, coal prices had risen across the board.
Meanwhile, hard coking coal prices have also been trading above expectations in recent months; however, this could change if steel production in China is cut during the winter months.
Whitehaven told shareholders that the flow-on was likely to be less draw on the seaborne market, and moderating prices for metallurgical coals over the next six to 12 months.
Comments
Research Reports
Projects
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
