Whitehaven Coal’s Limited
(ASX:WHC) Maules Creek mine has helped fuel the miner’s strong third quarter production result.
The company says Maules Creek produced 1.1million tonnes of coal in the three months to end of March and the mine was 93 per cent complete.
The company’s total sales were up 64 per cent for the quarter, pushing to 3.7 million tonnes.
Average prices for metallurgical products were at $US87.15 a tonne for the quarter with an expected range of $US75 to $80 a tonne for the June quarter.
The company says China’s demand for imported thermal coal has fallen amid regulations accommodating domestic suppliers.
Whitehaven reported a net loss of $77.86 million in the first half of the 2015 financial year.
