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Whitehaven announces increase in coal reserves

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World Coal,

Whitehaven Coal’s recoverable coal reserves increased by 1 million t to 888 million t in the 12 months to 2014 compared to the August 2013 Coal Reserves and Resources Statement, according to the company. Its marketable coal reserves also increased by 5 million t to 801 million t.

Mining depletion totaled 12 million t for the financial year.

Coal reserves – both marketable and recoverable – jumped 20 million t each at the company’s Maules Creek project. Coal resources at the project dropped by 28.6 million t to 650 million t but classification of the resources improved with significant upgrades in both the measured resource and indicated resource categories.

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