Whitehaven Coal is wary of investing in its development projects due to turbulent coal markets that have been amplified by Chinese restrictions on imports from Australia.
Whitehaven Coal has struggled against low coal prices during the 2020 financial year, with a decrease in revenue of 31 per cent compared with last year.
Whitehaven Coal has felt the impact of trade tensions between the United States and China on the global coal demand.
Whitehaven Coal plans to continue growing its production profile in the Gunnedah Basin in New South Wales as demand for high-quality coal increases.
Tax breaks enjoyed by anti-mining groups are likely to undergo greater scrutiny after receiving significant attention at the Minerals Council of Australia conference in Canberra.
The growing trend for shifting investment away from fossil fuels and towards renewables has coal bosses nervous.
Whitehaven Coal CEO says one of the biggest frustrations around developing the Maules Creek mine project has been activism from international activists and not just concerned locals.
Whitehaven Coal has won the right to continue work at its Maules Creek mine project after an injunction application to stop the development was dismissed in the Federal Court.