Whitehaven Coal releases 3Q18 production report

Paul Flynn, Managing Director and CEO, Whitehaven Coal, said: “We are seeing continued strong demand and constrained growth of production of high quality coal in our region which is reflected in sustained high prices.”

“We remain on track to meet our full year production guidance and take advtange of the favourable pricing environment.”

Full year FY19 saleable coal production guidance has been reaffirmed in the range of 22.0 million t and 23.0 million t on a managed basis.

Production outages and associated delays in completing panel LW107 in the second half of FY18 resulted in the full relocation of the longwall to LW108 moving into the September quarter. As disclosed in the June quarter production report, the opencast mines (particularly Maules Creek) accelerated production to compensate for the Narrabri production shortfall. With the start of the longwall in panel LW108, production at Narrabri has returned to normal.

During the September quarter, the focus of the opencast mines has been to return to a normalised mining sequence which will become evident during the December quarter.

Exploration expenditure incurred by Whitehaven during the September quarter was AUS$0.9 million.

To read the full report: http://www.whitehavencoal.com.au/wp-content/uploads/2018/10/September-2018-Quarter-Report-.pdf

Read the article online at: https://www.worldcoal.com/coal/17102018/whitehaven-coal-releases-3q18-production-report/