Whitehaven revises full-year expectations
PERTH (miningweekly.com) – Coal miner Whitehaven Coal has revised its full-year production guidance, as mine scheduling is impacting on output from the Maules Creek mine, in New South Wales.
Run-of-mine coal production for the full year has been revised from the previous guidance range of 22-million to 23.2-million tonnes, to between 21.8-million and 22.8-million tonnes.
The Maules Creek forecast has been revised from between 11.8-million and 12.2-million tonnes, to between 11.6-million and 11.8-million tonnes, while production expectations at Narrabri have remained unchanged at between 5.6-million and 6-million tonnes, along with the production from the Gunnedah opencuts, which has remained unchanged at between 4.6-million and 5-million tonnes.
During the three months to March, Whitehaven produced just over 5-million tonnes of saleable coal, compared with the 5.2-million tonnes reported in the previous corresponding period, with coal sales reaching over 6-million tonnes, up 12% from the 5.4-million tonnes sold in the March quarter of 2018.
“Demand for high-quality coal in our four key markets of Japan, Korea, India and Taiwan remains strong, underpinning sales and our strategic growth agenda,” said Whitehaven MD and CEO Paul Flynn.
“Our Winchester South metallurgical coal project in the Bowen basin is a key plank in this agenda, with work continuing to advance the project.”
Flynn noted that costs continued to moderate through the second half of the financial year, with the prospect of in-pit dumping at Maules Creek starting in the 2020 financial year, with Whitehaven passing the peak of costs at its largest operation.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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