Whitehaven increases production, cuts costs

WHITEHAVEN Coal’s production will double by FY2018 from FY2014 as its Maules Creek open cut coal mine in New South Wales ramps up to 13 million tonnes of ROM coal, the company said at a recent steel conference in Barcelona.
Whitehaven increases production, cuts costs Whitehaven increases production, cuts costs Whitehaven increases production, cuts costs Whitehaven increases production, cuts costs Whitehaven increases production, cuts costs

The shearer at Whitehaven Coal's Narrabri longwall mine in New South Wales.

Lou Caruana

Following an upgrade at its Narrabri longwall and pre-commercial production from Maules Creek production is expected to be about 14.5Mt (100% basis) in FY2015.

Its approved Vickery project provides another growth option beyond FY2018, the company said.

It has reported that are unit production costs were down 20% from H1 FY2013 to $63/t in H1 FY2015 and costs were expected to fall another $1/t to $2/t in the current half.

“Whitehaven has successfully maintained margins over the past six quarters while the coal price has declined,” it said.

“Costs are positioned in the lowest quartile of the cost curve.”

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