Whitehaven Coal Downgrades Saleable Coal Production Guidance
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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 percent increase in coal sales for the December quarter.
A fault impacted coal production from the Narrabri mine, which was down 12 percent 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 percent lower at USD 4.51.
Source: FIN News Network
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