Whitehaven Poised To Weather Coal Gloom

Brokers have been mulling a subdued outlook for coal for some time but remain relatively upbeat regarding Whitehaven Coal (WHC). Why? The company’s flagship Maules Creek mine was declared commercial at the beginning of this month as rail, road and power construction was finalised. The company is yet to formalise a move up to 13mtpa and this now may occur in two steps rather than one, to reflect a more conservative approach to ramping up because of market conditions.

Read More