USX:WHITF - Whitehaven Coal Ltd Whitehaven Coal Limited
Sector: Energy, Industry: Coal & Consumable Fuels
Next Earnings: 22 Aug 2024
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USD 5.09    -0.08 (-1.55%)

23 May 2024


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General

CEO: Mr. Paul J. Flynn B.Com., BComm, F.C.A., FCA

Headquarters: US

Employees: 0

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Description

Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also bought Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi in April 2024. In addition, it owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle and Queensland for export to Asian customers. Along with expanded production at Maules Creek and Narrabri, we expect its share of salable coal production to approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely in 2024 or 2025.

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