Whitehaven has to updated its FY21 production guidance from a range of 20.6 – 21.4 million t, to 20.4 million t and reaffirm managed coal sales and unit costs guidance.
Continuing stronger-than-expected production performance at Maules Creek is expected to deliver 12.5 million t for the full year. Combined with production output of 3.8 million t at the Gunnedah Open Cuts, total opencast production is expected to deliver 16.3 million t.
FY21 run of mine (ROM) production from Narrabri is expected to be 4.1 million t (4 million t year to date). This reduction in guidance is attributable to downtime associated with the acceleration of engineering works to support the longwall operation and a recent geological event. Overhaul works on the longwall and machinery repairs are expected to be completed in the coming days.
Whitehaven has undertaken a programme of geo-sensing drilling to provide confidence around the geological conditions in the remainder of the LW109 panel. This drilling has not identified any significant geological features present in the balance of the LW109 block.
FY21 guidance has been updated to take into account the above developments.
|Item||FY21 updated guidance||FY21 previous guidance|
|Managed ROM coal production (million t)||20.4||20.6 – 21.4|
|Maules Creek (million t)||12.5||12.2 – 12.4|
Narrabi (million t)
|4.1||4.5 – 4.9|
|Gunnedah Open Cuts (million t)||3.8||3.9 – 4.1|
|Managed coal sales (million t)||17.9||17.8 – 18.3|
|Unit cost (AUS$/t)||74||73 – 75|
Read the article online at: https://www.worldcoal.com/coal/17062021/whitehaven-coal-provides-fy21-production-guidance-update/
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