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Whitehaven Coal March quarter production report

Coal News - Published on Mon, 15 Apr 2019

Image Source: Motley Fool
Mr Paul Flynn, Managing Director and CEO, Whitehaven Coal, said that “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. Our Winchester South metallurgical coal project in the Bowen Basin is a key plank in this agenda, with work continuing to advance the project. Costs continued to moderate through the second half and, with the prospect of in-pit dumping at Maules Creek starting in FY2020, we are passing the peak of costs at our largest operation.

HIGHLIGHTS
Safety performance remains well under the NSW coal industry average with Group TRIFR of 8.3 at the end of March

Quarterly ROM coal production of 4.9 million tonne

Saleable coal production of 5.1 million tonne for the quarter

Coal sales, including purchased coal, of 6.0 million tonne for the quarter, up 12% on the previous corresponding period

Narrabri recovering strongly, producing over 800KT in March and 1.7 million tonne for the quarter

Coal quality drilling has commenced at Winchester South

NSW Independent Planning Commission (IPC) Public Hearings for the Vickery Extension Project conducted during February. 75% of public submissions made to the IPC were in favour of the Vickery Extension Project proceeding

Saleable production guidance modified to account for lower production from Maules Creek during the quarter

New guidance table added to the quarterly report to become a regular feature of all quarterly reports.

ProductsJan-Mar'19Jan-Mar'18ChangeYTD'19YTD'18Change
Managed ROM Coal Production48795.909(17%)1588817070(7%)
Managed Saleable Coal Production50625.241(3%)1462616.1310%)
Managed Total Coal Sales60425.41412.00%1630017294(6%)
 

(In '000 tonnes)

Source :

Posted By : Rabi Wangkhem on Mon, 15 Apr 2019
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