Winners and Losers in NSW / Queensland Budgets
Budget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government's changes to gambling taxes.
Read More
We are the dominant player in Australia’s only emerging high-quality coal basin. We help power developed and emerging economies in Asia where there is strong and growing demand for our product, particularly for use in high-efficiency, low-emissions coal-fired power stations.
We are also driving prosperity and economic growth in regional Australia, and North West NSW in particular, which is the focus of our capital investment and workforce presence.
We operate four mines (three open cut and one large underground mine) in the Gunnedah Coal Basin of NSW. Our operating assets are complemented by two high quality, near-term development assets, being Vickery, near Gunnedah, and Winchester South, in Queensland’s Bowen Basin. Over our almost 20 year history, including 12 years as a publicly listed entity on the Australian Securities Exchange, we have developed a growing reputation for excellence in project delivery and safe, efficient and environmentally responsible operations.
We are proudly local, and around 75% of our 2,4000-strong workforce lives in the local communities around our mine sites. We believe in helping communities grow, ensuring benefits flowing from our operations are seen and felt locally.
Budget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government's changes to gambling taxes.
Read More
With energy prices rampant, Australia finds itself in a unique position - shift to cleaner, renewable energy, or support the use of traditional coal power stations to combat this crisis.
Read More
Investors in the local coal sector ran for the hills on Thursday with heavy falls in the share prices of a few major players and plenty of speculation about one in particular.
Read More
Wednesday saw shares in Whitehaven Coal, the country’s biggest locally owned coalminer, hit new multi-year highs off the back of an upbeat March quarter production and sales report.
Read More
Whitehaven produced a set of record results for the December half on Thursday and returned to dividend payouts for the first time in two years, and yet the shares slid 6% at one stage.
Read More
Target price rises to $5.60 from $4.70. Outperform rating retained.
Read More
The analyst's target price of $3.65 (down from $3.92) includes a premium to allow for upside risk for coal prices. Add rating maintained.
Read More
Citi upgrades Whitehaven Coal to Buy from Neutral after the recent strong retreat in the share price. Target price eases to $3.20 from $3.50.
Read More
Morgans lifts its target price to $2.65 from $2.30 on higher than expected thermal coal prices.
Read More