ENVIRONMENT

Whitehaven margins to come under pressure

WHITEHAVEN Coal’s operating margins may be about to be squeezed as unit costs rise at its Narrabri and Maules Creek operations in New South Wales, the company has warned.

 Whitehaven Coal's Narrabri mine will be coming under cost pressures.

Whitehaven Coal's Narrabri mine will be coming under cost pressures.

Whitehaven had increased earnings margins on coal sales from 21% in H2 FY2016 to 47% in H1 FY2018, it said in a presentation.       "High coal prices and cost containment have produced higher margins...

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