Whitehaven Coal (WHC) - A solid quarter
November 5, 2024
Whitehaven Coal develops and operates metallurgical and thermal coal mines in New South Wales and Queensland.
The company had a solid September quarter of production and sales, with all mines delivering as planned or better. Group performance in Q1FY25 included managed run-of-mine production of 9.7Mt, and total equity sales of 6.4Mt. Net debt was $1.2 billion.
Queensland operations achieved strong production and productivity improvements at Blackwater and Daunia, with run-of-mine (ROM)production up 11% and sales up 13%. Average coal price increased to $259/t.
New South Wales saw improved Narrabri production and focused on overburden removal. Run-of-mine production was down 12%, with equity sales down 16%. Average coal price was $211/t.
Run-of-mine coal production is expected to increase in the second half of FY25. Global metallurgical coal production shortfalls and increased Indian demand are expected to drive prices higher, which will benefit Whitehaven.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Navigator Global Investments (NGI) – Growth ambitions
Navigator Global Investments is a diversified alternative asset management company that partners with a variety of institutional asset managers operate across different investment styles, product types and client bases.
Orica (ORI) – Finding the solution
Orica manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems to the mining industry, and various chemical products and services in Australia, Canada, the US, and internationally.
Mineral Resources (MIN) – Cutting a deal
Mineral Resources offers mining services in Australia, Asia, and internationally, as well as having its own operations in iron ore and lithium.
.jpg)