Tag: Maules Creek

WHITEHAVEN Coal has reported a record year amid falling coal prices, and has released its strategy to face climate change head on. The company reported a record net profit after tax before significant items of $564.9m, which put it up 8pc from FY18. This improved the total cash generated to $964.1m, and reduced net debt to $161m at June 30. ROM coal production was up 4pc on 2018 to 18.4mt, and both the Narrabri and Maules Creek mines’ strong finish to the year enabled the company to exceed production guidance. It reported an underlying NPAT of $564.9m and produced 23.2mt of ROM coal. This allowed it to declare 50c per share dividend for the year and payed out dividends equivalent...

 All Images: Whitehaven Coal.   BY CAMERON DRUMMOND   ON the back of increased seaborne coal prices, Whitehaven banked record revenue during the first half of the 2017 financial year which enabled the company to pay down more than $300 million of debt.   Whitehaven Coal is Australia’s largest independent coal producer, with five operating mines in North West NSW. The operations have a combined annual output of 20.1 million tonnes per annum (mtpa); however Whitehaven is undertaking expansion works at its flagship Maules Creek operation to increase its saleable coal output to 23mtpa by the 2019 financial year. Thermal and metallurgical coal is produced from one underground mine, Narrabri, and four open cut mines at Maules Creek, Tarrawonga, Werris...