Whitehaven ramps up coal production

Whitehaven Coal have announced record monthly coal railings for April as the company ramps up production and its Narrabri mine.

Whitehaven Coal have announced record monthly coal railings for April as the company ramps up production and its Narrabri mine.

Whitehaven increased railings to 0.95 Mt in April, up from the previous record of 0.82 Mt in January this year.

“This is an extremely pleasing result that reflects the continuing ramp up of production at the Narrabri mine as the longwall moves into the advanced stages of its commissioning process,” managing director Paul Flynn said.

“The benefits of this railing performance flow through to increased sales and reduced take or pay charges.”

For the full year, Whitehaven is projecting coal production to total 9mt.

The news is as a positive for the company who has had a tumultuous year.

In January a fake press release produced by activist group Front Line Action on Coal purporting to be from ANZ bank claimed the bank had withdrawn a recent $1.2 billion loan to help develop the company’s Maules Creek project.

The press release temporarily wiped $314 million off the company’s value.

The Maules Creek development is expected to commence construction in the second half of this year.

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