Whitehaven ramps up coking coal output

Original article by Peter Ker
The Australian Financial Review – Page: 13 & 25 : 18-Oct-16

The rise in the price of coking coal has prompted Whitehaven Coal to lift production in the December 2016 quarter and scale back output of thermal coal. The proportion of semi-soft coking coal produced at its Maules Creek mine will rise to 30 per cent during the period. The price of this coal has risen more strongly than thermal coal in 2016, although growth in the price of premium hard coking coal has significantly outpaced both. Peter O’Connor of Shaw & Partners says other miners could move to lift production, which could in turn put pressure on the coking coal price.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, SHAW AND PARTNERS LIMITED, PRUDENTIAL INVESTMENTS PTY LTD

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