Whitehaven writedown hits bottom line
An AUS$355 million writedown on early-stage exploration assets hits an otherwise solid set of annual results from Australian production, Whitehaven Coal.
An AUS$355 million writedown on early-stage exploration assets hits an otherwise solid set of annual results from Australian production, Whitehaven Coal.
The board of New Zealand’s state-owned coal mine, Solid Energy, has placed the company into voluntary administration and proposed to sell its assets off over the next two and a half year.