Whitehaven Coal Cuts Production Guidance
Whitehaven has to updated its FY21 production guidance from a range of 20.6- 21.4 million tonnes to 20.4 million tonnes and reaffirm managed coal sales and unit costs guidance. It said “Continuing stronger-than-expected production performance at Maules Creek is expected to deliver 12.5 million tonnes for the full year. Combined with production output of 3.8 million tonnes at the Gunnedah Open Cuts, total opencast production is expected to deliver 16.3 million tonnes.”
FY21 run of mine production from Narrabri is expected to be 4.1 million tonnes. This reduction in guidance is attributable to downtime associated with the acceleration of engineering works to support the longwall operation and a recent geological event. Overhaul works on the longwall and machinery repairs are expected to be completed in the coming days. Whitehaven has undertaken a programme of geo-sensing drilling to provide confidence around the geological conditions in the remainder of the LW109 panel. This drilling has not identified any significant geological features present in the balance of the LW109 block.