Whitehaven drives down unit costs with Maules Creek ramp up

UNIT costs at Whitehaven Coal’s New South Wales coal mines are down 24% from H1 FY2013 to $60 per tonne in the second half of FY2015.
Whitehaven drives down unit costs with Maules Creek ramp up Whitehaven drives down unit costs with Maules Creek ramp up Whitehaven drives down unit costs with Maules Creek ramp up Whitehaven drives down unit costs with Maules Creek ramp up Whitehaven drives down unit costs with Maules Creek ramp up

Early Maules Creek mining. Image courtesy of Whitehaven.

Lou Caruana

Whitehaven also increased margins in second half of FY2015 to $15/t from $10/t in the first half as it ramped up production at its Maules Creek mine in the Gunnedah Basin.

“Costs positioned in lowest quartile of cost curve,” the company said.

Average revenue declined by 6% year-on-year but in the second half the weaker Australian dollar offset the US dollar coal price fall.

Fully absorbed costs fell by a further 12% to average $61/t for the year, the company said.

Whitehaven’s three existing open cut mines in the Gunnedah Basin are planned to produce between 5.1Mt – 5.3Mt ROM coal in FY2016.

“Procurement initiatives, 30 tonne axle loads, operational improvements and roster changes at each mine successfully reduced costs and maintained production,” the company said.

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