Whitehaven Coal announces 7% increase in coal sales YoY

Company News

by Anna Napoli

Whitehaven Coal (ASX:WHC) has provided a quarterly report with full year coal sales up 7 per cent on the previous year at 22.1 million tones.

The company recorded full year Run-off-mine coal production of 22.9 million tones, in line with last year

Whitehaven says if the dispute in QLD between the regulator & Aurizon continues metallurgical coal prices expected to remain well supported in the next year.

CEO, Paul Flynn said with thermal coal pricing at seven year highs, and against the backdrop of continuing strong demand, Whitehaven remains on track for a record set of financial in full year 18.s

Shares in Whitehaven (ASX:WHC) are trading 2.50 per cent higher to $5.74

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.