I believe it is because Werris Creek is producing PCI and Tarrawonga is producing semi-soft coking, neither of them are premium HCC. @hagetaka will know specifics. But you’re right, the discount got extra steep in December:
Daunia and BW get much better realisation, from memory it’s around 90% - it’s in the October M&A presentation pack.
WHC Prices Realized Thermal vs. Met Coal, page-2
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Last
$8.94 |
Change
0.020(0.22%) |
Mkt cap ! $7.479B | |||
| Open | High | Low | Value | Volume |
| $8.95 | $8.98 | $8.77 | $42.43M | 4.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 610 | $8.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.95 | 20555 | 6 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |