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WHITEHAVEN COAL LIMITED — Interim / Quarterly Report 2021
Jan 13, 2021
66059_rns_2021-01-13_d6709cd5-dafa-4c77-81d1-644f095dd6fe.pdf
Interim / Quarterly Report
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14 January 2021
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QUARTERLY REPORT
December 2020 Quarter Production Report & revised FY21 guidance
Highlights
-
Safety performance for the twelve months ended 31 December 2020, 5.41 TRIFR
-
December quarter managed run-of-mine (ROM) production of 5.1Mt, up 64% on previous corresponding period (pcp)
-
December quarter managed saleable coal production of 3.9Mt, up 15% on pcp
-
December quarter total managed coal sales 4.5Mt, in line with pcp, managed own coal sales 3.9Mt, up 15% on pcp, total equity coal sales 3.7Mt, in line with pcp, and equity sales of own coal 3.2Mt, up 14% on pcp
-
Managed coal stocks of 2.3Mt at period end
-
The outage of one of Newcastle Coal Infrastructure Group’s (NCIG) two shiploaders has resulted in 550kt of equity sales of own coal slipping from December 2020 into January 2021
-
FY21 guidance updated and tightened
-
Winchester South maiden JORC Reserves Statement of 350Mt, and upgrade of JORC Resources to 1,100Mt
Comments from MD and CEO Paul Flynn
“Across our open cut operations we are seeing much more consistent and better performance across production and overburden management and our guidance range has tightened accordingly.”
“During the latter part of the December quarter there was a strong rebound in pricing and we are increasingly optimistic that underlying market dynamics are supportive of continued improvement in this area.”
“It is pleasing to have reached key milestones for both Narrabri Stage 3 and Winchester South development projects, with the submission of both projects Environmental Impact Statements and Winchester South’s maiden Reserve Statement.”
“We are continuing to progress our development pipeline but work is proceeding cautiously and in line with the company’s strict capital allocation framework.”
- No known cases of COVID-19 at any of our sites to date and operations remain largely unaffected but for distancing and hygiene measures.
Safety
The safety outcome for the Group for the 12 months ending 31 December 2020 was a total recordable injury frequency rate (TRIFR) of 5.41.
Whitehaven Coal Limited ABN 68 124 425 396 Level 28, 259 George Street, Sydney NSW 2000 | 02 8222 1100 | [email protected] | www.whitehavencoal.com.au
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Whitehaven Managed Totals – Continuing Operations
| Quarter Ended | Quarter Ended | Quarter Ended | Year to Date | Year to Date | Year to Date | |
|---|---|---|---|---|---|---|
| Thousands of tonnes | Dec 2020 | Dec 2019 | Change | Dec 2020 | Dec 2019 | Change |
| Managed ROM Coal Production | 5,138 | 3,124 | 64% | 9,622 | 7,451 | 29% |
| Managed Saleable Coal Production | 3,949 | 3,069 | 29% | 8,806 | 7,821 | 13% |
| Managed Sales of Produced Coal | 3,924 | 3,422 | 15% | 9,537 | 8,297 | 15% |
| Managed Sales of Purchased Coal | 537 | 963 | (44%) | 955 | 1,426 | (33%) |
| Total Managed Coal Sales | 4,461 | 4,386 | 2% | 10,492 | 9,722 | 8% |
| Managed Coal Stocks at period end | 2,276 | 975 | 133% | 2,276 | 975 | 133% |
Note: Figures reflect continuing operations. The discontinued Sunnyside Mine and Rocglen Mine have both transitioned into rehabilitation.
Whitehaven Equity Totals – Continuing Operations
| Whitehaven Equity Totals – Continuing Operations | Whitehaven Equity Totals – Continuing Operations | Whitehaven Equity Totals – Continuing Operations |
|---|---|---|
| Quarter Ended Year to Date |
||
| Thousands of tonnes Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| Equity ROM Coal Production | 4,105 2,513 63% |
7,727 5,946 30% |
| Equity Saleable Coal Production Equity Sales of Produced Coal Equity Sales of Purchased Coal Total Equity Coal Sales |
3,221 2,486 30% |
7,161 6,325 13% |
| 3,198 2,805 14% |
7,775 6,756 15% |
|
| 537 957 (44%) |
935 1,393 (33%) |
|
| 3,736 3,762 (1%) |
8,710 8,149 7% |
|
| Equity Coal Stocks at period end | 1,855 800 132% |
1,855 800 132% |
Note: Figures reflect continuing operations. The discontinued Sunnyside Mine and Rocglen Mine have both transitioned into rehabilitation.
Equity Coal Sales and Realised Pricing on own coal sales
| Equity Coal Sales and Realised Pricing on own coal sales | Equity Coal Sales and Realised Pricing on own coal sales | Equity Coal Sales and Realised Pricing on own coal sales | Equity Coal Sales and Realised Pricing on own coal sales |
|---|---|---|---|
| Quarter Ended Dec 2020 Sep 2020 Jun 2020 Mar 2020 Dec 2019 |
|||
| Total Equity Coal Sales | Mt | 3.7 5.0 |
4.7 3.7 3.9 |
| Sales of purchased coal (thermal) Sunnyside Equity Own Coal Sales |
Mt Mt Mt |
0.5 0.4 - - 3.2 4.6 |
0.4 0.5 1.0 - - 0.1 4.3 3.2 2.8 |
| Coal sales mix (own coal sales) | |||
| High CV thermal Coal Other thermal coal Metallurgical coal |
% % % |
58% 63% 24% 26% 18% 11% |
68% 64% 49% 22% 16% 29% 10% 20% 22% |
| Pricing | |||
| NEWC Index JSM Quarterly (SSCC) Average SSCC spot price |
US$/t US$/t US$/t |
67 52 87 82 69 63 |
55 68 67 95 104 98 63 82 77 |
| Price achieved (own coal sales) | |||
| Thermal coal Metallurgical coal |
US$/t US$/t |
62 52 77 73 |
59 68 66 76 85 87 |
| Premium/Discount (own coals sales) | |||
| Thermal to NEWC Index % (8%) 1% Metallurgical to JSM Qtrly % (11%) (12%) Metallurgical to Spot Price % 12% 16% |
7% - (2%) (20%) (18%) (12%) 20% 4% 12% |
Note: Figures may not add due to rounding
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For the December quarter Whitehaven achieved total managed coal sales 4.5Mt, up 2% on pcp, managed own coal sales 3.9Mt, up 15% on pcp and total equity coal sales 3.7Mt, in-line with pcp.
In the December quarter, globalCoal Newcastle Index (gC Newc) coal prices rapidly increased from their August low to average US$67/t for the quarter before finishing the quarter above US$80/t.
The improved pricing environment reflects increased seaborne thermal coal demand as Asian economic recovery accelerates post the initial impact of COVID-19 combined with supply cuts that took place as a result of the mid-year low coal price environment.
Whitehaven realised an average price of US$62/t for all sales of own thermal coal in the quarter. The realised price was 8% lower than the quarterly gC Newc index average due to two main factors; Whitehaven’s realised prices lag the average (up and down) when rapid changes in the monthly index coal price occur, and there were increased volumes of Other thermal coal sold at fixed prices. Other thermal coal sales at 24% reflect the quarter’s product mix which included sales of lower-CV coal contracted at fixed prices before the acceleration occurred in coal prices later in the quarter. The coal was delivered to customers later in the quarter when higher monthly index prices prevailed.
Metallurgical coal sales, at 18% of sales for the quarter, were down on the pcp of 22%, but higher than the September quarter as metallurgical coal demand improved. However, weak spot SSCC demand as a result of Chinese import restrictions and stronger high-CV thermal coal prices incentivised thermal spot sales rather than SSCC in the December quarter.
Equity sales of purchased coal were 0.5Mt, 44% below the pcp, as a result of high purchase volumes in the comparison period. Purchased coal sales of ~500kt per quarter are expected to be an ongoing aspect of Whitehaven’s coal marketing strategy.
Whitehaven has increased its FY21 managed coal sales (excluding purchased coal) guidance to 19.0 – 20.0Mt, from 18.5 – 20.0Mt.
Maules Creek Open Cut Mine
Whitehaven 75%
| Quarter Ended Year to Date |
Quarter Ended Year to Date |
Quarter Ended Year to Date |
|---|---|---|
| Thousands of tonnes – Managed Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| ROM Coal Production | 3,251 2,235 45% |
5,218 4,197 24% |
| Saleable Coal Production | 2,094 1,585 32% |
4,299 3,619 19% |
| Sales of Produced Coal | 2,160 1,677 29% |
4,606 3,802 21% |
| Coal Stocks at period end | 1,248 547 128% |
1,248 547 128% |
In the December quarter, Maules Creek operated at its approved annual run rate delivering a strong ROM production performance of 3.3Mt, 45% above pcp (the pcp had been affected by labour shortages and by dust and smoke events). In the quarter Maules Creek operated through one of the wettest Decembers on record to deliver a confidence-building ROM production and overburden movement result, while opening up areas for in-pit dumping in line with plans.
December quarter saleable production of 2.1Mt was 32% above pcp. This increase in saleable production reflects the increase in ROM coal production, which has also seen the ROM stocks replenished.
Managed sales volumes for the quarter of 2.2Mt was 29% above pcp, which reflects a return to normalised production levels.
Equity sales of metallurgical coal for the quarter were 0.2Mt, or 15.3%, of equity sales volume, reflecting low spot SSCC realisations relative to high-CV thermal sales alternatives.
Coal stocks of 1.2Mt at the end of the period were 128% above the pcp. The increase reflects strong production in the December quarter, the replenishment of ROM stocks and the slippage of some December sales into January (refer to the Logistics update on page 5 for more details).
As outlined in Whitehaven’s FY21 production guidance issued on 26 August, Maules Creek managed ROM production is weighted 40:60 for the first to the second half. Mining in the December quarter included accessing the Braymont seam and further exposing the pit floor. The mining of this high yielding seam has replenished ROM stocks that will be processed for sale during the March quarter.
Maules Creek FY21 managed ROM production guidance has been increased to 11.8 – 12.4Mt from 11.3 - 12.0Mt, as issued at the FY20 Full Year Results on 26 August. This increase reflects optimisation of the mine sequencing, productivity improvements and benefits from the early stages of Project STRIVE.
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Narrabri Underground Longwall Mine
Whitehaven 77.5%
| Whitehaven 77.5% | Whitehaven 77.5% | Whitehaven 77.5% |
|---|---|---|
| Quarter Ended Year to Date |
||
| Thousands of tonnes – Managed Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| ROM Coal Production | 978 233 320% |
2,624 2,026 30% |
| Saleable Coal Production | 908 830 9% |
2,537 2,630 (4%) |
| Sales of Produced Coal | 926 940 (2%) |
2,921 2,776 5% |
| Coal Stocks at period end | 487 169 188% |
487 169 188% |
For the December quarter, managed ROM production at Narrabri of 1.0Mt was above the pcp however, the pcp included the effect of the longwall change out from LW108 to LW109. ROM production in the December quarter was impacted by ~0.7Mt as the longwall mined through a mid-face 3 meter upthrow fault that resulted in reduced productivity and increased out-ofseam dilution.
Managed saleable coal production was 0.9Mt while managed sales of produced coal of 0.9Mt was in-line in pcp.
The sales mix for the quarter included a higher proportion of Other thermal coal sales, of 0.4Mt, as a result of the out-ofseam dilution. Equity metallurgical sales of PCI were 0.1Mt for the quarter.
Coal stocks of 0.5Mt were up on pcp but stocks in the pcp had been run-down due to the longwall move that took place in the pcp.
The next longwall move from panel 109 to 110 is scheduled for Q4 FY21.
Due to the geological conditions outlined above Narrabri’s FY21 managed ROM production guidance has been revised down to 5.4 – 6.0Mt from previously announced 6.0 – 6.7Mt.
Gunnedah Open Cut Mines – Continuing Operations
| Quarter Ended Year to Date |
Quarter Ended Year to Date |
Quarter Ended Year to Date |
|---|---|---|
| Thousands of tonnes Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| ROM Coal Production | 908 657 38% |
1,779 1,228 45% |
| Saleable Coal Production | 947 654 45% |
1,970 1,573 25% |
| Sales of Produced Coal | 838 805 4% |
2,009 1,719 17% |
| Coal Stocks at period end | 542 259 109% |
542 259 109% |
Note: Figures reflect continuing operations. The discontinued Sunnyside Mine and Rocglen Mine have both transitioned into rehabilitation
Gunnedah open cut mines achieved managed ROM coal production of 0.9Mt in the December quarter, 38% above pcp. The increase is in accordance with the Werris Creek mine plan and mining conditions encountered in the pcp, along with the Tarrawonga mine schedule and improved weather conditions compared to the pcp.
For the December quarter, saleable coal production of 0.9Mt was 45% above pcp, while sales of produced coal of 0.8Mt were in line with pcp. Coal stocks for the period were 0.5Mt.
Managed FY21 ROM production guidance for Gunnedah open cuts has tightened to 3.8 - 4.1Mt from 3.7 – 4.1Mt, as issued at the FY20 Full Year Results on 26 August.
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Tarrawonga Mine
Whitehaven 100%
| Whitehaven 100% | Whitehaven 100% | Whitehaven 100% |
|---|---|---|
| Quarter Ended Year to Date |
||
| Thousands of tonnes Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| ROM Coal Production | 564 476 19% |
1,054 905 17% |
| Saleable Coal Production | 466 432 8% |
967 942 3% |
| Sales of Produced Coal | 490 476 3% |
1,063 1,051 1% |
| Coal Stocks at period end | 224 94 138% |
224 94 138% |
Tarrawonga’s December quarter ROM production of 0.6Mt was 19% above pcp, reflecting the current mining sequence and 2019 production performance being adversely impacted by dust events attributed to the drought and bushfires.
Saleable coal production of 0.5Mt for the quarter was slightly above the pcp, while sales of 0.5Mt were line with pcp.
Coal stocks of 0.2Mt at the end of the period saw a normalising of stock levels from a low of 0.1Mt in the pcp.
Werris Creek Mine
Whitehaven 100%
| Whitehaven 100% | Whitehaven 100% | Whitehaven 100% |
|---|---|---|
| Quarter Ended Year to Date |
||
| Thousands of tonnes Dec 2020 Dec 2019 Change Dec 2020 Dec 2019 Change |
||
| ROM Coal Production | 344 181 90% |
725 324 124% |
| Saleable Coal Production | 481 222 116% |
1,003 630 59% |
| Sales of Produced Coal | 348 329 6% |
946 668 42% |
| Coal Stocks at period end | 318 165 93% |
318 165 93% |
Werris Creek December quarter ROM coal production of 0.3Mt was 90% above pcp reflecting the challenging mining conditions encountered in the comparative period.
For the quarter, saleable coal production of 0.5Mt was up 116% up on pcp, while sales of produced coal at 0.3Mt was slightly up on pcp. Sales volumes for the period were impacted by sales slippages from December into January as a result of the NCIG shiploader issue and PWCS vessel queues.
Coal stocks of 0.3Mt at the end of the period are 93% up on pcp.
Logistics update
Whitehaven exports coal through the Port of Newcastle using the two export terminal providers Port Waratah Coal Services (PWCS) and Newcastle Coal Infrastructure Group (NCIG).
In mid-November one of NCIG’s two shiploaders was damaged as a result of a storm. Since the storm NCIG has been operating at reduced capacity using one shiploader. With both shiploaders in operation, NCIG was achieving annualised capacity performance levels of ~72Mtpa, and with one shiploader in operation NCIG’s operating capacity is ~45Mtpa – 47Mtpa. In the 12 months to 31 October 2020 exports through NCIG were ~54Mt.
Prior to the storm, Whitehaven had ~23Mtpa capacity (managed) across both export terminals. As NCIG has downgraded its capacity, Whitehaven has had to source ad-hoc monthly capacity of ~200Kt per month until the shiploading capacity at NCIG can be lifted to a level that removes Whitehaven’s need for additional ad-hoc capacity. However, in December, due to the reduction in throughput capacity of NCIG, and an increase in the ship queue at PWCS, approximately 550kt of equity sales of produced coal slipped from the December quarter into the March quarter. NCIG and Whitehaven maintain insurance policies that address increased costs that may arise as a result of the damage to the shiploader.
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Development Projects
Work continues to advance Whitehaven’s three main development projects:
-
Narrabri Underground Mine Stage 3 Extension Project
-
Vickery Extension Project
-
Winchester South Metallurgical Coal Project
These projects underpin Whitehaven’s plans to expand managed ROM production in the next 10 years. Whitehaven remains cautious in allocating capital to expansion in the context of subdued coal markets, and does not expect to consider making a Final Investment Decision in relation to these projects in FY21. Projects will continue to be subject to Whitehaven’s strict capital allocation framework. Under this framework greenfield projects will only be constructed sequentially.
Expenditure incurred on expansion and growth projects during the December quarter was $2.3m, reflecting approvals and studies relating to the Vickery Extension Project, approvals work and land purchase for Narrabri Stage 3 and environmental studies for Winchester South.
Narrabri Underground Mine Stage 3 Extension Project
The project seeks to convert Narrabri’s existing Exploration Licence into a Mining Lease and use the existing portals, CHPP, rail loop and associated infrastructure to extract, process and export high energy thermal coal and Pulverised Coal Injection (PCI) coal products using the longwall mining method. The project involves extending the longwall panels planned for the mining lease south of the current main roads into the contiguous Narrabri South Exploration Licence area, to extend the approved life of the mine out to 2045.
Whitehaven submitted the Stage 3 Extension Project Environmental Impact Statement (EIS) to the NSW Department of Planning, Industry and Environment (DPIE). The EIS was on public exhibition throughout November and December 2020. On 22 December 2020 the DPIE requested that Whitehaven respond to issues raised in the public exhibition period by 8 March 2021. All comments from the public exhibition phase and further details on the planning process are available on the DPIE website: https://www.planningportal.nsw.gov.au/major-projects/project/10731
Further details can be found here https://whitehavencoal.com.au/our-business/our-assets/narrabri-mine/
Vickery Extension Project
Open cut and underground mining was undertaken at Vickery by Rio Tinto from 1991 through to 1998.
The Vickery Coal Project was approved in September 2014 to produce up to 4.5Mt ROM coal per annum. Works necessary to maintain the current approval in good standing have been completed and the existing approval for the Vickery Coal Project will expire in September 2034.
The Vickery Extension Project seeks consent to increase the approved Vickery Coal Project to operate an up to 10Mtpa open cut metallurgical and thermal coal mine, with onsite processing and rail infrastructure. On 12 August 2020, the NSW Independent Planning Commission (IPC) approved the project. The project is now being reviewed by the Federal Department of Agriculture, Water and the Environment (DAWE) for Environment Protection and Biodiversity Conservation (EPBC) approval. A decision from DAWE is expected in April 2021 due to the injunction application seeking to restrain the Federal Minister of Agriculture, Water and the Environment from issuing the Project with an EPBC approval. The injunction application is due to be heard in court in March 2021
Progress on design work for the CHPP, rail spur, and other site infrastructure continued during the quarter.
Draft management plans, including those required for Secondary Approval such as noise, air quality, cultural heritage and traffic management, continue to be refined based on the conditions of approval handed down by the IPC.
Further details can be found here https://whitehavencoal.com.au/our-business/our-assets/vickery-extension-project/
Winchester South Metallurgical Coal Project
The proposed Winchester South open cut metallurgical coal mine is located in Queensland’s Bowen Basin. The Project continues to progress through the Queensland Government’s Coordinated Project approval process with the draft Environmental Impact Statement (EIS) having been submitted to Queensland’s Office of Coordinator General for adequacy review in December 2020, ahead of Public Notification, expected to commence in the second quarter of 2021.
On 16 December 2020 Whitehaven Coal released its maiden Reserves Statement for the Project and an associated update to the Project’s Coal Resources in accordance with the JORC Code (2012). The Project Resources estimate was upgraded to 1,100Mt from 530Mt, which includes 665Mt of Measured and Indicated Resources. The Project maiden Reserves estimate is 350Mt, with Marketable Reserves of 210Mt.
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Whitehaven is finalising the pre-feasibility report, to be submitted to the Board in early 2021 for its consideration.
Further details can be found here https://whitehavencoal.com.au/our-business/our-assets/winchester-south/
Thermal and Metallurgical Coal Outlook
Seaborne thermal coal markets continue to rise from the low points experienced in August. Supply curtailments coupled with increased energy demand in Asia are supporting the higher price environment, particularly for higher grades of energy coal i.e. those that Whitehaven produces from its Gunnedah Basin operations.
Chinese import restrictions for Australian sourced coal were more widely reported as the December quarter drew to a close. China has supplemented its domestic coal production with higher cost coal from alternative origins such as Russia, Indonesia and South Africa. In addition, late in 2020 China lifted its total import quota in response to strong domestic demand and an extremely cold winter. China’s restrictions have altered seaborne coal trade flows where, instead of being delivered to China, Australian coal is now finding customers in alternate destinations including India, Pakistan and the Middle East, and traded coal historically delivered into these markets is finding its way into China.
Prices for Australian origin metallurgical coal remain weak in the absence of Chinese buyers. Asian steelmaking output exChina continues to improve as economic stimulus activity drives increased coal demand and consumption in Whitehaven’s key metallurgical coal markets of India, Japan, Korea, Vietnam and Taiwan. Following India’s mid-year COVID-19 lockdown, demand has rebounded strongly and it continues to be a growing destination for Whitehaven’s metallurgical coal products. Renewal of Whitehaven’s term metallurgical coal sales contracts has been uninterrupted and Whitehaven expects sales volumes in 2021 to return to pre-COVID-19 levels.
Corporate
As at 31 December 2020, there were US$64.18 million in forward A$/US$ exchange contracts in place at an average exchange rate of A$1.00 = US$0.7046 for equity coal sales of 1.0Mt. These contracts are deliverable between January 2021 and May 2021.
FY21 Guidance Update
| FY21 Guidance Update | FY21 Guidance Update | FY21 Guidance Update | FY21 Guidance Update |
|---|---|---|---|
| Item FY21 updated guidance FY21 previous guidance Comments Managed ROM coal production Mt 21.0 - 22.5 21.0 - 22.8 Maules Creek Mt 11.8 - 12.4 11.3 - 12.0 Weighted to the second half (H2 ~60%) Narrabri Mt 5.4 - 6.0 6.0 - 6.7 Longwall change-out in Q4 FY21 Gunnedah O/C Mt 3.8 – 4.1 3.7 – 4.1 Managed coal sales Mt 19.0 - 20.0 18.5 - 20.0 Plus 1.5 - 2.0Mt coal trading |
|||
| Item Managed ROM coal production Mt Maules Creek Mt Narrabri Mt Gunnedah O/C Mt Managed coal sales Mt |
FY21 updated guidance 21.0 - 22.5 11.8 - 12.4 5.4 - 6.0 3.8 – 4.1 19.0 - 20.0 |
FY21 previous guidance Comments 21.0 - 22.8 11.3 - 12.0 Weighted to the second half (H2 ~60%) 6.0 - 6.7 Longwall change-out in Q4 FY21 3.7 – 4.1 18.5 - 20.0 Plus 1.5 - 2.0Mt coal trading |
An update of FY21 financial guidance – unit costs and capital expenditure – will be issued with the release of the 1H FY21 Results on 17 February, 2021.
This Quarterly Report is authorised for release to the market by the Board of Whitehaven Coal Limited.
Investor and Analyst teleconference
Managing Director and Chief Executive Officer Paul Flynn will host a teleconference to provide an overview of the Q2 FY21 Production results.
Time: 10:30 AEDT (Sydney time)
Date: Thursday, 14 January 2021
Dial-in details: Participants can register for the teleconference by copying and pasting the following link into your browser, https://s1.c-conf.com/diamondpass/10011554-1k2kzl.html
| Investor contact Sarah McNally +61 2 8222 1155, +61 477 999 238 [email protected] |
Media contact Ksenya Belooussova +61 8222 1178, +61 415 099 055 [email protected] |
|---|---|
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| Reporting Calendar | |
|---|---|
| Event | Date |
| First Half FY21 Financial Results | 17 February 2021 |
| March Quarter Production Report | 15 April 2021 |
| June Quarter Production Report | 15 July 2021 |
| Full Year FY21 Financial Results | 26 August 2021 |
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| PRODUCTION, SALES & STOCKS BY MINE Quarter Ended |
PRODUCTION, SALES & STOCKS BY MINE Quarter Ended |
|---|---|
| Thousands of tonnes Dec 2020 Sep 2020 Jun 2020 Mar 2020 Dec 2019 Sep 2019 |
|
| Whitehaven Group Managed Totals | |
| ROM Coal Production 5,138 4,485 8,233 4,912 3,124 4,420 12-Month Rolling Yield 88% 88% 88% 86% 86% 87% Saleable Coal Production 3,949 4,857 6,235 4,103 3,114 4,909 Sales of Produced Coal 3,924 5,613 5,265 3,940 3,522 5,084 Sales of Purchased Coal 537 417 449 548 963 463 Total Coal Sales 4,461 6,030 5,714 4,488 4,485 5,546 Coal Stocks at period end 2,276 1,809 3,746 1,318 975 2,001 |
5,138 4,485 8,233 4,912 3,124 4,420 |
| 88% 88% 88% 86% 86% 87% |
|
| Maules Creek | |
| ROM Coal Production | 3,251 1,967 4,168 2,362 2,235 1,962 |
| 12-Month Rolling Yield | 79% 79% 80% 79% 78% 81% |
| Saleable Coal Production | 2,094 2,205 2,694 1,877 1,585 2,034 |
| Sales of Produced Coal | 2,160 2,447 2,369 1,735 1,677 2,125 |
| Coal Stocks at period end | 1,248 791 1,976 636 547 441 |
| Narrabri | |
| ROM Coal Production | 978 1,646 2,559 1,526 233 1,793 |
| 12-Month Rolling Yield | 99% 99% 99% 97% 96% 95% |
| Saleable Coal Production | 908 1,630 2,453 1,464 830 1,800 |
| Sales of Produced Coal | 926 1,995 1,948 1,491 940 1,835 |
| Coal Stocks at period end | 487 449 793 179 169 949 |
| Gunnedah Open Cuts (Consolidated) | |
| ROM Coal Production | 908 871 1,505 1,025 657 665 |
| 12-Month Rolling Yield | 91% 91% 92% 91% 91% 90% |
| Saleable Coal Production | 947 1,023 1,087 761 700 1,075 |
| Sales of Produced Coal | 838 1,171 948 714 904 1,124 |
| Coal Stocks at period end | 542 569 978 503 259 612 |
| Tarrawonga | |
| ROM Coal Production | 564 490 813 639 476 429 |
| 12-Month Rolling Yield | 85% 86% 87% 87% 88% 88% |
| Saleable Coal Production | 466 501 615 451 432 510 |
| Sales of Produced Coal | 490 573 536 411 476 575 |
| Coal Stocks at period end | 224 248 429 243 94 165 |
| Werris Creek | |
| ROM Coal Production 12-Month Rolling Yield Saleable Coal Production Sales of Produced Coal Coal Stocks at period end |
344 381 692 385 181 143 100% 100% 100% 100% 100% 100% 481 522 472 311 222 408 348 598 412 302 329 340 318 321 549 260 165 346 |
| Rocglen | |
| ROM Coal Production | - - - - - - |
| Saleable Coal Production | - - - - - 28 |
| Sales of Produced Coal | - - - - - 77 |
| Coal Stocks at period end | - - - - - - |
| Sunnyside | |
| ROM Coal Production | - - - - - 93 |
| Saleable Coal Production | - - - - 45 129 |
| Sales of Produced Coal | - - - - 99 133 |
| Coal Stocks at period end | - - - - - 101 |
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