NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read Now

Australia's Whitehaven Coal cuts FY output guidance

Published 18/01/2018, 09:32 am
© Reuters.  Australia's Whitehaven Coal cuts FY output guidance
WHC
-

Jan 18 (Reuters) - Miner Whitehaven Coal WHC.AX on Thursday reduced its full-year guidance for saleable coal output as production from one of its main mines fell in the December quarter due to unstable roof conditions.

Coal output for fiscal 2018 is now seen between 20.5 million tonnes and 21.0 million tonnes, on a 100 percent basis, down from a range of 22 million to 23 million tonnes forecast in August, the company said in a quarterly report.

Whitehaven logged saleable coal production of 5.0 million tonnes for the quarter, slightly lower than 5.1 million tonnes a year ago.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.