Whitehaven Coal Reduces FY20 Guidance as Company Faces Various Challenges

  • Dec 05, 2019 AEDT
  • Team Kalkine

Whitehaven Coal Limited (ASX: WHC) reduces the FY20 guidance as the company faces the challenge of souring skilled operators for the Maules Creek prospect and tackles arising impact from dust events amid drought conditions in North West NSW.

  • The company slashed the Managed ROM coal production from 22.0-23.5 million tonnes to 20.0-22.0 million tonnes.
  • The Managed coal sales target was reduced to 19.0-20.0 million tonnes as compared to the previous target of 20.0-21.0 million tonnes.
  • The Unit cost was increased from $70 per tonne to $73-$75, as productivity decreased.


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