News: WHC Whitehaven Coal Posts Qtrly Total Equity Coal Sales Of 3,118 KT

April 19 (Reuters) - Whitehaven Coal Ltd (WHC) :

• QTRLY TOTAL EQUITY COAL SALES 3,118 KT VERSUS 3,415 KT
• FY24 OVERALL ROM AND SALES GUIDANCE REMAIN UNCHANGED.
• ON TRACK TO MEET OVERALL ROM PRODUCTION GUIDANCE OF 18.2 – 20.7MT AND SALES GUIDANCE FOR FY24
• QTRLY MANAGED ROM COAL PRODUCTION 4,368 KT VERSUS 4,268 KT
• QTRLY TOTAL MANAGED COAL SALES 3,833 KT VERSUS 4,136 KT
• QTRLY MANAGED SALEABLE COAL PRODUCTION 3,868 KT VERSUS 3,648 KT
• QUEENSLAND IS EXPECTED TO DELIVER A COMBINED ROM PRODUCTION FOR JUNE 2024 QUARTER IN RANGE OF AROUND 4.5 - 5.0MT
• QTRLY AVERAGE COAL PRICE ACHIEVED A$219/T
• SELL DOWN PROCESS OF AROUND 20% OF BLACKWATER TO GLOBAL STEEL PRODUCERS AS STRATEGIC JOINT VENTURE PARTNERS IS UNDERWAY WITH STRONG BIDDER INTEREST
• SIGNIFICANTLY BENEFIT FROM LONG TERM METALLURGICAL COAL MARKET DYNAMICS VIA DAUNIA AND BLACKWATER MET COAL MINES
• FINAL COAL SALES FROM WERRIS CREEK ARE EXPECTED TO BE DELIVERED WITHIN Q4 FY24
• UNDERLYING DEMAND FOR HIGH CV THERMAL COAL REMAINS WELL-SUPPORTED IN WHITEHAVEN’S KEY ASIAN MARKETS
• AS RESULT OF ACQUISITION OF DAUNIA & BLACKWATER METALLURGICAL COAL MINES, CO'S ANNUAL REVENUE IS EXPECTED TO BE 70% FROM METALLURGICAL COAL SALES AND 30% FROM THERMAL COAL
• METALLURGICAL COAL MARKET OUTLOOK IS ALSO POSITIVE
• DOMESTIC COAL RESERVATION SCHEME IS SCHEDULED TO FINISH AT 30 JUNE 2024
• WILL SIGNIFICANTLY BENEFIT FROM LONG TERM MET COAL MARKET DYNAMICS THROUGH DAUNIA AND BLACKWATER METALLURGICAL COAL MINES
• FY UNIT COST OF PRODUCTION IS EXPECTED TO BE AROUND THE TOP END OF THE GUIDANCE RANGE.
• VICKERY EARLY MINING PROJECT IS PROGRESSING ACCORDING TO PLAN WITH FIRST ROM PRODUCTION DUE IN THE JUNE QUARTER
• BOARD REVIEW TO SANCTION THE FULL SCALE VICKERY PROJECT HAS BEEN POSTPONED

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