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.

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.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles