Whitehaven Hit By Higher Costs As Production Falters
Shares in NSW coal miner, Whitehaven Coal were punished yesterday after it cut its coal production outlook for 2019-20 and raised its cost forecasts,
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News
Material Matters: Copper, Iron Ore And Coal
A glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
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Material Matters: Coal, Oil & Diamonds
A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
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Whitehaven Shakes Off Softer Coal Prices
Shares in NSW soft coking and thermal coal exporter Whitehaven Coal ended up 5% higher at $3.83 yesterday after the market took its 2018-19 June quarter and full year report to be good news.
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Chinese Coal Restrictions Weigh On Whitehaven
China’s continuing restrictions on coal imports - especially thermal (steaming) coal have impacted the quarterly pricing of major NSW miner and exporter Whitehaven Coal, even though it doesn’t ship any coal to that country.
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Analyst Views
WHC – Morgan Stanley rates the stock as Overweight
Morgan Stanley considers the regional skills shortage at Maules Creek is of concern as contract labour costs could affect costs into FY21.
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WHC – UBS rates the stock as Buy
By FY27 Whitehaven Coal expects to be producing more than 35mtpa of saleable coal through the Vickery and Winchester South projects. Currently production is 20-21mt.
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WHC – Morgans rates the stock as Add
Whitehaven Coal's June Q production beat the broker by 4%, suggesting operational issues appear to be under control, although some sales have shifted in FY20.
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WHC – Deutsche Bank rates the stock as Buy
With the prospect of Adani's Carmichael mine being approved in Queensland, Deutsche Bank believes the market should now be paying for Whitehaven Coal's growth.
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WHC – Deutsche Bank rates the stock as Buy
Deutsche Bank does not believe that there are any major stumbling blocks to the approval of the Vickery expansion project.
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