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BRIEF-Whitehaven Coal Updates FY21 Managed ROM Coal Production Guidance To Between 21.4 - 22.0 Mt

Published 23/03/2021, 10:43 am
© Reuters.
WHC
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March 23 (Reuters) - Whitehaven Coal Ltd WHC.AX :

* ‍NEWCASTLE COAL INFRASTRUCTURE GROUP​ SUSPENDED SHIPLOADING AT PORT OF NEWCASTLE AFTER A STRUCTURAL ASSESSMENT OF ITS SHIPLOADER SL1 IDENTIFIED FAULTS

* FY21 UPDATED GUIDANCE FOR MANAGED ROM COAL PRODUCTION BETWEEN 21.4 - 22.0 MT

* UPDATED GUIDANCE SEES A NARROWING OF ROM COAL PRODUCTION RANGES AND A REDUCTION IN MANAGED COAL SALES

* FY21 UPDATED GUIDANCE FOR MANAGED COAL SALES BETWEEN 18.5 - 19.0 MT

* STORM-RELATED DAMAGE TO NCIG'S SHIPLOADER (SL2) IN NOV, 2020 IS EXPECTED TO RETURN TO OPERATION IN Q4 CY21

* DOES NOT EXPECT FLOODING AT ANY OF ITS OPERATIONS DUE TO NEW SOUTH WALES FLOODS

* FAULTS REQUIRING AN EXPECTED PERIOD OF TWO WEEKS TO BE REPAIRED

* CURRENT WEATHER-RELATED PORT RESTRICTIONS ARE ALSO HAMPERING VESSEL MOVEMENTS AT PORT OF NEWCASTLE

* HIGHER POSSIBILITY OF TEMPORARY INUNDATION OF LOCAL ROADS WHICH COULD DISRUPT WORKFORCE MOVEMENTS AND PRODUCT HAULAGE DUE TO FLOODS

* NCIG WILL NOT HAVE ANY SHIPLOADING CAPABILITY UNTIL REPAIRS TO SL1 ARE COMPLETE

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