Coal News & Price Data – April 19, 2024 – Whitehaven Updates on Production
Whitehaven’s January-March report shows increased production but decreased sales.
Whitehaven’s January-March report shows increased production but decreased sales.
Whitehaven boss Paul Flynn says tight labour markets are easing but they’re still facing the pinch from rising wages
Australian coal miner Whitehaven reported higher production but lower sales in January-March
This contract is expected to result in a production target of around 36 mcm of overburden removal annually.
It’s down to the short strokes at Whitehaven Coal’s sale of a minority stake in Bowen Basin’s Blackwater metallurgical coal mine
Citi has raised its rating on April 11 for Warrior Met Coal to ‘Buy’ from ‘Neutral’ and increased the target price to $75
UBS put out a note yesterday, upgrading Whitehaven to Buy, in light of their recent acquisition of the BMA mines, Blackwater and Daunia.
Miners in New South Wales are expanding existing projects, while in Queensland several large greenfield developments are in the pipeline.
While Whitehaven Coal’s C-suite celebrates taking the keys at BHP and Mitsubishi’s $6.4 billion Daunia and Blackwater coal mines this week
Whitehaven Coal has successfully concluded its previously announced acquisition of the Daunia and Blackwater metallurgical coal mines
In October last year WHC emerged as the successful bidder for BHP’s Daunia and Blackwater coal assets (BMA Assets).
Australia’s coal sector could be seeing a renewed wave of mergers and acquisitions (M&A) activity, following major deals in 2022 and 2023