Whitehaven hits record quarterly production

Whitehaven Coal achieved record ROM coal production in 1Q16 – up 21% y/y on and 44% year to date. According to its most recent Quarterly Report, the company produced 5.7 million t ROM coal.

Whitehaven also recorded its highest quarterly saleable coal production of 5.3 million – up 28% y/y and 48% year to date. Total coal sales were 5.5 million t – also a record, 48% higher than 1Q15 and 53% year to date.

Production at Maules Creek reached 2 million t ROM coal for the quarter. The next stage of production ramp up at Maules Creek to 10.5 million tpy will begin in 2017.

Located in the Gunnedah Basin in New South Wales, Maules Creek has been in commercial operation since 1 July 2015.

The company said it was on track to meet FY2016 guidance for saleable coal of 19.5 million t and 20.1 million t.

Read the article online at: https://www.worldcoal.com/mining/14042016/whitehaven-hits-record-quarterly-production-2016-616/