Whitehaven Coal Posts Qtrly Total Equity Coal Sales Of 3,118 KT
Whitehaven Coal Ltd WHC:
QTRLY TOTAL EQUITY COAL SALES 3,118 KT VERSUS 3,415 KT
FY24 OVERALL ROM AND SALES GUIDANCE REMAIN UNCHANGED.
ON TRACK TO MEET OVERALL ROM PRODUCTION GUIDANCE OF 18.2 – 20.7MT AND SALES GUIDANCE FOR FY24
QTRLY MANAGED ROM COAL PRODUCTION 4,368 KT VERSUS 4,268 KT
QTRLY TOTAL MANAGED COAL SALES 3,833 KT VERSUS 4,136 KT
QTRLY MANAGED SALEABLE COAL PRODUCTION 3,868 KT VERSUS 3,648 KT
QUEENSLAND IS EXPECTED TO DELIVER A COMBINED ROM PRODUCTION FOR JUNE 2024 QUARTER IN RANGE OF AROUND 4.5 - 5.0MT
QTRLY AVERAGE COAL PRICE ACHIEVED A$219/T
SELL DOWN PROCESS OF AROUND 20% OF BLACKWATER TO GLOBAL STEEL PRODUCERS AS STRATEGIC JOINT VENTURE PARTNERS IS UNDERWAY WITH STRONG BIDDER INTEREST
SIGNIFICANTLY BENEFIT FROM LONG TERM METALLURGICAL COAL MARKET DYNAMICS VIA DAUNIA AND BLACKWATER MET COAL MINES
FINAL COAL SALES FROM WERRIS CREEK ARE EXPECTED TO BE DELIVERED WITHIN Q4 FY24
UNDERLYING DEMAND FOR HIGH CV THERMAL COAL REMAINS WELL-SUPPORTED IN WHITEHAVEN’S KEY ASIAN MARKETS
AS RESULT OF ACQUISITION OF DAUNIA & BLACKWATER METALLURGICAL COAL MINES, CO'S ANNUAL REVENUE IS EXPECTED TO BE 70% FROM METALLURGICAL COAL SALES AND 30% FROM THERMAL COAL
METALLURGICAL COAL MARKET OUTLOOK IS ALSO POSITIVE
DOMESTIC COAL RESERVATION SCHEME IS SCHEDULED TO FINISH AT 30 JUNE 2024
WILL SIGNIFICANTLY BENEFIT FROM LONG TERM MET COAL MARKET DYNAMICS THROUGH DAUNIA AND BLACKWATER METALLURGICAL COAL MINES
FY UNIT COST OF PRODUCTION IS EXPECTED TO BE AROUND THE TOP END OF THE GUIDANCE RANGE.
VICKERY EARLY MINING PROJECT IS PROGRESSING ACCORDING TO PLAN WITH FIRST ROM PRODUCTION DUE IN THE JUNE QUARTER
BOARD REVIEW TO SANCTION THE FULL SCALE VICKERY PROJECT HAS BEEN POSTPONED