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Whitehaven Coal Provides June 2017 Quarterly Report

13 Jul 2017  |  09:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: June 2017 Quarterly Report

Whitehaven Coal Provided June 2017 quarterly report. There are US$64.0m in forward A$/$US exchange contracts currently in place at an average exchange rate of A$1.00 = US$0.7468. These contracts are deliverable between July 2017 and October 2017. Exploration expenditure incurred by the Company during the June quarter was $203k and for the full year $417k. Thermal coal prices declined into May 2017 and have since rallied as demand from power generators in China increased. Work progressed on the finalisation of the Environmental Impact Statement (EIS) required for Government approval for an expanded Vickery mine (10Mtpa). The mine produced 0.744Mt of ROM coal in the quarter compared to 0.644Mt in the pcp. Rocglen produced 0.494Mt ROM coal for the quarter compared to 0.327Mt in the pcp.

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