A ‘Solid’ Quarter For Whitehaven - Bulletin

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>Investment & development<em></em></a> <a href="https://www.wedoany.com/en/shortnews.html" >Bulletin<em></em></a> <a href="https://www.wedoany.com/en/video.html" >Video<em></em></a> </div> </div>  </div> </div> <div class="v2_wapper"> <div class="v2_mb pos"> <a href="https://www.wedoany.com/en/">Home</a> <i class="iconfont icon-cus"></i> <a href="https://www.wedoany.com/en/shortnews.html">Bulletin</a> <i class="iconfont icon-cus"></i> detail </div> </div><div class="v2_subpage-wapper"> <div class="subbody wapper"> <div class="show-l"> <div class="baseinfo"> <div class="info" style="padding-bottom: 0;"> <h1 class="title">A ‘Solid’ Quarter For Whitehaven</h1> <div class="desc">  2024-11-12 14:23 </div> </div> </div> <div class="content-box" style="margin-top: 0;"> <div class="content content-0"> <p><strong>Wedoany.com Report-Nov 12, </strong>Whitehaven chief executive officer Paul Flynn said he was pleased to report the company’s strong start to the 2024–25 financial year (FY25) off the back of a solid September quarter.</p> <p>In Queensland, Whitehaven’s Blackwater and Daunia mines saw an 11 per cent increase in run of mine (ROM) production, now sitting at 5.3 million tonnes (Mt).</p> <p>Sales from the Queensland operations were also on the up, increasing 13 per cent from the June quarter.</p> <p>At the Narrabri mine in New South Wales, Whitehaven managed a ROM production of 4.4Mt, a decrease of 12 per cent from the June quarter.</p> <p>However, reliability of longwall operations at Narrabri continued to improve. Whitehaven will continue to focus on overburden removal.</p> <p>“I am pleased to report a solid start to FY25, with another strong quarter of production from our new Queensland operations, and our New South Wales operations delivering in line with plan,” Flynn <a href="https://s2.listcorp.com/asx/whc/whitehaven-coal/news/september-2024-quarterly-report-3105158.pdf" target="_blank" rel="noopener">said</a>.</p> <p>“Our costs are tracking towards the bottom end of our full year cost guidance.</p> <p>“We expect to receive $US1.08 billion of proceeds from the 30 per cent sell down of Blackwater in [the third quarter of] FY25.”</p> <p>Revenues for the September quarter reflected  approximately 64 per cent metallurgical and 36 per cent thermal coal sales.</p> <p>Whitehaven’s net debt at September 30 was $1.2 billion, attributed to “disciplined capital management”.</p> <div class="in_article_pcm_mrecs pcm_mrec pcm-mrec2"> </div> <p> </p> </div> </div> <div class="article-tag-box"> <a href="https://www.wedoany.com/en/shortnews-0_4070.html" class="tag" style="border-color:; color: ;">Oceania</a> <a href="https://www.wedoany.com/en/shortnews-0_0_4220.html" class="tag" style="border-color:; color: ;">Australia</a> <a href="https://www.wedoany.com/en/shortnews-0_0_0_1001814.html" class="tag" style="border-color:#034a31; color: #034a31;">Coal</a> <p class="keyword"> <a href="https://www.wedoany.com/en/shortnews_search_Queensland.html">Queensland</a> <span>/</span> <a href="https://www.wedoany.com/en/shortnews_search_thermal+coal.html">thermal coal</a> </p> </div> <div class="mz-box"> This newsletter is compiled and reprinted from the global Internet and strategic partner information, and it is only for readers' communication. 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