September Quarter 2016 – Strong production performance

Whitehaven’s Production Report for the September 2016 Quarter can be found by clicking this link: September 2016 Quarterly Report

Highlights

  • Improved safety performance – TRIFR 9 at the end of September from 10.6 at the end of June
  • December quarter semi soft coking coal settled at US$130/t, up 86% on September quarter
  • Managed ROM coal production 5.4Mt, up 41% on previous corresponding period (pcp)
  • Managed saleable coal production 5.2Mt for quarter, up 20% on previous corresponding period
  • Managed and equity coal sales 5.0Mt and 3.8Mt respectively for quarter, up 12% and 8% on previous corresponding period
  • The 10.5Mtpa ramp up at Maules Creek on schedule for the second half of FY2017
  • First excavator required for the 10.5Mtpa ramp up stage at Maules Creek commenced operating in the quarter
  • Expansion to the 400 metre wide panel at Narrabri on schedule to commence production in H2 FY2017

The audio of the Investor Briefing call can be found below: