Coal miner Whitehaven Coal Ltd
(ASX:WHC) achieved record raw coal production of 1.07 million tonnes in the June 2009 quarter, up 29 per cent from the June 2008 quarter.
The company says it also achieved record saleable coal production for the quarter of 0.99 million tonnes a rise of 36 per cent on the same quarter a year ago.
Whitehaven says the increased output of saleable coal was due to strong performance at its Tarrawonga and Rocglen operation’s, and improved performance at Werris Creek and that its Sunnyside operation is now well established.
The coal miner says the signing of the Blackjack joint venture and a five year coal supply agreement with Pacific Carbon is expected to result in an increase in domestic coal sales from $90,000 in fiscal 2009 to about $200,000 in fiscal 2010.
Whitehaven Coal’s 2008 net profit was its best in five years.
