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Whitehaven steams on

THERMAL coal demand was down. Coal production was below plan. Nevertheless, Whitehaven Coal still generated $1.2 billion of cash from its operations for the March quarter.

Noel Dyson
Whitehaven shipped 31.8Mt through the Port of Newcastle, slightly down on the December quarter’s 32.7Mt.

Whitehaven shipped 31.8Mt through the Port of Newcastle, slightly down on the December quarter’s 32.7Mt.

The reduced thermal coal demand is linked to mild weather conditions in Northern Asia and Europe. That demand decline, combined with high coal inventories and low demand, meant prices for high calorific...

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