Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Whitehaven Coal downgrades saleable coal production guidance

Coal News - Published on Fri, 19 Jan 2018

Image Source: fool.com
Fin News Network reported that mining company Whitehaven Coal has downgraded its saleable coal production guidance for the year, even though the miner has reported a 10 % increase in coal sales for the December quarter.

A fault impacted coal production from the Narrabri mine, which was down 12 per cent for the quarter.

Saleable coal production reached 5 million tonnes for the quarter to 10.9 million tonnes for the year so far, and coal sales reached 5.8 million tonnes for the quarter to 11.9 million tonnes for the year.

Exploration expenditure during the December quarter was USD 1.1 million, bringing the half year expenditure to USD 1.6 million.

The mining company reported its safety performance improved to the lowest recorded by the company in 18 years.

Shares in Whitehaven Coal are trading 3.84 % lower at USD 4.51.

Source :

Posted By : Nanda Koijam on Fri, 19 Jan 2018
Related News from Coal segment