Further to the AFR article check out the below.I will also post...

Further to the AFR article check out the below.

I will also post the whole AFR article.

As requested by a lot here NO NEW THREAD. But this article is real interesting and encouraging for holders of WHC. Link below.

Superfunds may come back into WHC however. Comprehensive list in the link and great info.

https://www.marketforces.org.au/campaigns/super/super-funds-coal-policy-analysis/

Summary.

Five of Australia’s top 30 super funds could potentially re-invest in Whitehaven based on their existing thermal coal exclusion policies.

Whitehaven has claimed that its recent purchase of two metallurgical coal mines from BHP would see the company’s revenue generated from thermal coal drop to 30%. If Whitehaven begins generating 30% or less revenue from thermal coal, then:

• Commonwealth Super Corp could re-invest in Whitehaven, based on the 70% revenue threshold in its policy
• NGS Super and TelstraSuper might be able to re-invest in Whitehaven, based on revenue thresholds of 30% and 25% in their policies, respectively
• Spirit Super and Super SA might be able to re-invest in Whitehaven, based on how thermal coal companies are defined in their policies

One super fund has walked back its thermal coal exclusion policy and re-exposed its members’ retirement savings to Whitehaven.

Vision Super previously had an exclusion on companies that generated more than 25% of their revenue from thermal coal mining, yet this language has been removed from Vision Super’s 2023 policy update. As at 31 December 2023, Vision Super’s Balanced Growth investment option had exposure to Whitehaven, for the first time since super funds have been required to disclose their full list of investments.

Only one super fund restricts investments in metallurgical coal mining companies.

Some funds refer to metallurgical coal in their coal exclusion policies, but only to distinguish it from thermal coal. However, Active Super does not distinguish between thermal and metallurgical coal in its exclusion policy, meaning the fund should be excluding investments in companies generating 33.3% or more of their revenue from any type of coal.

Two thirds of the top 30 super funds, by combined assets under management (AUM), have restricted investments in thermal coal companies.

By combined AUM, 67% of the top 30 super funds have either substantially divested from, exclude investment in or have a policy in place that should reduce exposure to Whitehaven Coal. The default or largest investment options of 12 of these 30 funds had no exposure to Whitehaven as at 31 December 2023.