Whitehaven Coal Limited
(ASX:WHC) has flagged further cost-cutting in 2014 as the high Australian dollar and falling coal prices continue to impact the sector.
At its annual general meeting today, Whitehaven chairman Mark Vaile said conditions would remain challenging in the coming year, despite a modest lift in coal prices.
Mr Vaile says the 2013 financial year had been characterised by unusually challenging conditions.
He says historically weaker commodity prices have been followed by a fall in the Australian dollar.
Whitehaven booked a net loss of $82.2 million in fiscal 2013.
