This article is 18 years old. Images might not display.
Under the initial public offering, a total of 1.9 million shares were offered at $1.00 per share, with the offer closing oversubscribed.
Whitehaven Coal CEO and former head of AMCI Australia Keith Ross said the company was committed to the substantial growth of existing operations and projects as well as growth through acquisition.
“I would like to take this opportunity to thank the entire Whitehaven team for their efforts during the IPO process, and welcome our new shareholders, many of whom are employees,” Ross said.
Whitehaven Coal has 978 shareholders, with approximately 87% of shares held by directors, management and employees.
Whitehaven currently has three operating opencut mines – Canyon, Tarrawonga and Werris Creek – in the Gunnedah Basin, with plans for three new mines including an underground project in the pipeline.
