Whitehaven Coal cuts full-year production guidance
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Whitehaven Coal (WHC) has cut its full-year production guidance to between 9.8 million tonnes and 10 million tonnes of saleable coal, compared with an earlier forecast of 10.7 million tonnes, after an operational issue at its Narrabri mine.
The miner also blamed previously disclosed geotechnical challenges at its Rocglen mine for the reduction.
Whitehaven said the costs of its recovery plan to fix the issue at Narrabri are not expected to be material and controls have been implemented to stop the event happening again.
Mining in the third longwall panel at Narrabri started in March with a different configuration to the first two longwall panels.
Two extra roof supports were added to the tailgate end of the longwall to improve safety and reduce costs, Whitehaven said.
But the floor horizon control at the tailgate end of the longwall face-line was lost, resulting in a difference between floor levels in the mine and causing management to stop production, the miner said.
Whitehaven implemented a recovery plan that at the time was not expected to affect production forecasts but changing conditions have led to a revision of the recovery plan timetable, which the company said would affect output.
Call 1300 880 160
Start a chat
Schedule a call
