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Australia's Whitehaven Coal says Q1 coal sales dip on output hiccups at mine

Published 16/10/2018, 09:08 am
© Reuters.  Australia's Whitehaven Coal says Q1 coal sales dip on output hiccups at mine
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Oct 16 (Reuters) - Australia's Whitehaven Coal Ltd WHC.AX on Thursday said equity coal sales fell 14 percent in the September quarter, as certain mechanical issues choked output from its Narrabri mine.

Equity coal sales for the quarter came in at 4.1 million tonnes, compared to the 4.7 million tonnes clocked in the corresponding period a year ago.

The figure overtook a UBS forecast of 3.84 million tonnes.

This result follows a disappointing June quarter which saw equity coal sales decline 7.0 percent, again due to issues at Narrabri when the company had said longwall production at the mine is expected to recommence in September.

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