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Whitehaven Posts Impressive Results
Whitehaven Coal, Australia's leading independent coal company with five operating mines in northwest New South Wales, has reported a net profit after tax of $405.4 million for the fiscal year ending June 30. While costs had increased modestly to $58 per metric ton (mt), the company reported sales of $1.77 billion, up 52%. Total run-of-mine (ROM) coal produced and sold during the period year was 23.1 million mt and 20.7 million mt, respectively, a respective 13% and 3% increase. Full-year ROM coal production from Maules Creek increased 24% to 9.7 million mt. ROM coal production from the smaller open cuts was 6.1 million mt, up by 6%.
Whitehaven Posts Impressive Results
Whitehaven Coal, Australia's leading independent coal company with five operating mines in northwest New South Wales, has reported a net profit after tax of $405.4 million for the fiscal year ending June 30. While costs had increased modestly to $58 per metric ton (mt), the company reported sales of $1.77 billion, up 52%. Total run-of-mine (ROM) coal produced and sold during the period year was 23.1 million mt and 20.7 million mt, respectively, a respective 13% and 3% increase. Full-year ROM coal production from Maules Creek increased 24% to 9.7 million mt. ROM coal production from the smaller open cuts was 6.1 million mt, up by 6%.
Whitehaven Posts Impressive Results
2017
Article (Journal)
English
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