Pressure Grows For Coal Producers
While oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. What is a reasonable short-term floor?
Read MoreWhile oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. What is a reasonable short-term floor?
Read MoreA glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
Read MoreIn adversity lies opportunity and some deep-pocketed investors have recognised that, like the Stone Age, the era of coal won’t end overnight.
Read MoreNSW steaming coal miner and exporter, Whitehaven has slashed it’s interim dividend, triggering a sell-off in the shares to levels not seen since 2016 after reporting a very weak interim result.
Read MoreShares in NSW coal miner, Whitehaven Coal were punished yesterday after it cut its coal production outlook for 2019-20 and raised its cost forecasts,
Read MoreA glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
Read MoreA glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreBy 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.
Read MoreWhitehaven 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.
Read MoreShares 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.
Read MoreWith 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.
Read MoreDeutsche Bank does not believe that there are any major stumbling blocks to the approval of the Vickery expansion project.
Read MoreThe company has downgraded production guidance, which has disappointed Morgans. Nevertheless, despite concerns about Narrabri’s complex issues, the broker is comfortable that these appear to be in hand.
Read MoreChina’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.
Read MoreDeutsche Bank highlights the value in Whitehaven Coal. Now that coal and gas prices have re-set the broker believes contrarian, yield-seeking investors should be buying.
Read MoreA glance through the latest expert views and predictions about commodities. Base metals; platinum; steel/iron ore; and major miners.
Read MoreNSW-based Whitehaven Coal boosted net profit by nearly 30% in the year to June and will reward shareholders with a special dividend. for the second year running.
Read MoreWhitehaven Coal topped its full year coal export targets despite port congestion in Newcastle in the final months of 2017-18 which limited sales. But thanks to stronger coal prices, especially for thermal and soft coking coal, the company should report strong earnings next month.
Read MoreWhitehaven Coal disappointed the market yesterday with a flat final quarter which left annual production for 2016-17 of 20.8 million tonnes of saleable coal just short of guidance.
Read MoreShares in Whitehaven Coal (WHC) retreated somewhat in late trading yesterday after they jumped sharply in the wake of a upwing in global spot coal prices because of the impact of flooding in central Queensland coal mines and restrictions on exports.
Read MoreWhitehaven Coal (WHC) boosted production at the right time as world prices for coking and steaming coal surged to levels not seen for five years.
Read MoreAnd NSW-based Whitehaven Coal returned to a full-year profit in 2015-16, beating analyst forecasts after boosting production to new highs.
Read MoreWhitehaven Coal (WHC) reckons it is looking at a better year in 2015-16 than the year just concluded after revealing a books cleaning writedown and loss for the 12 months to June.
Read MoreThere still is a bit of goodwill towards coal miners, despite the weak demand and price outlook, judging by the positive reception to Whitehaven Coal’s (WHC) refinancing, announced yesterday.
Read MoreWe had better than expected news from two mid level miners in Whitehaven Coal (WHC) and Oz Minerals (OZL) in their June quarter production reports released yesterday to the ASX.
Read MoreOn the face of it Whitehaven Coal (WHC) had a very good 2012-13 financial year. Production and sales jumped sharply, and the company moved closer to getting its huge Maules Creek mine to the starting block.
Read MoreTroubled former billionaire, Nathan Tinkler has lost his $600 million stake in Whitehaven Coal (WHC) to US investment firm Farallon Funds and other creditors.
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