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Tough times for miner

Loss-making miner Whitehaven Coal has warned of continued tough trading conditions as low export prices and the strong currency force it to continue squeezing costs. "We must be realistic about the subdued coal price outlook, and the probability of a continuing strong [Australian dollar]," chairman Mark Vaile told shareholders at the annual meeting.
By · 5 Nov 2013
By ·
5 Nov 2013
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Loss-making miner Whitehaven Coal has warned of continued tough trading conditions as low export prices and the strong currency force it to continue squeezing costs. "We must be realistic about the subdued coal price outlook, and the probability of a continuing strong [Australian dollar]," chairman Mark Vaile told shareholders at the annual meeting.
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Frequently Asked Questions about this Article…

Whitehaven Coal is facing tough trading conditions due to low export prices and a strong Australian dollar, which are impacting their profitability and forcing them to cut costs.

Whitehaven Coal is facing tough trading conditions due to low export prices and a strong Australian dollar, which are impacting their profitability and forcing them to focus on cost-cutting measures.

The strong Australian dollar is making it more challenging for Whitehaven Coal to compete in the global market, as it reduces the competitiveness of their coal exports by making them more expensive for foreign buyers.

The strong Australian dollar is making it more challenging for Whitehaven Coal to compete in the global market, as it reduces the competitiveness of their coal exports by making them more expensive for international buyers.

To cope with low coal prices, Whitehaven Coal is focusing on squeezing costs and being realistic about the subdued coal price outlook, as mentioned by their chairman, Mark Vaile.

To address the low coal prices, Whitehaven Coal is focusing on squeezing costs and implementing cost-cutting strategies to maintain financial stability during these challenging times.

Whitehaven Coal has indicated a subdued outlook for coal prices, suggesting that they do not expect a significant increase in the near future.

Whitehaven Coal has indicated a subdued outlook for coal prices, suggesting that they do not expect a significant improvement in the near future, which is influencing their strategic decisions.

The chairman of Whitehaven Coal is Mark Vaile, who addressed shareholders about the company's current challenges at their annual meeting.

Shareholders are being informed about Whitehaven Coal's challenges through communications from the company's chairman, Mark Vaile, who has addressed these issues at the annual meeting.

Low export prices are negatively impacting Whitehaven Coal by reducing their revenue, which in turn forces the company to implement cost-cutting measures to maintain financial stability.

Cost management is a crucial part of Whitehaven Coal's strategy to navigate the current tough trading conditions, as they aim to reduce expenses and improve efficiency to sustain operations.

No, Whitehaven Coal is currently loss-making, as indicated by their recent warnings about tough trading conditions.

Whitehaven Coal is realistic rather than optimistic about future trading conditions, acknowledging the likelihood of continued challenges due to the subdued coal price outlook and strong Australian dollar.

Whitehaven Coal's chairman, Mark Vaile, advised shareholders to be realistic about the subdued coal price outlook and the probability of a continuing strong Australian dollar.

Whitehaven Coal's chairman, Mark Vaile, conveyed a message of realism to investors, highlighting the ongoing tough trading conditions and the need for continued cost management in response to market challenges.