The primary approval follows a lengthy technical evaluation process for the project and a comprehensive program of community consultation and outreach, including a Multi-stage Public …
Despite the delay, the company lodged a new state significant development application in 2018 seeking to increase total coal extraction to 168 Mt, grow the peak annual extraction rate from 4.5 to 10 million tonnes, and increase the disturbance area by 776 hectares.The Commission found that the impacts associated with the project are acceptable and the project is in the public interestThe miner also sought to build a new coal handling and preparation plant at the site, which would connect to the main Werris Creek-to-Mungindi railway line via a new rail spur across the Namoi River flood plain. WHC has a portfolio of producing mines including the Werris Creek Mine, the Narrabri Underground Mine Stage 3 Extension Project, the Maules Creek Project and other projects. Read the latest Periodic Report General news from Whitehaven Coal (ASX:WHC) The resolution was carried.The company reported a net profit after tax of $564.9 million for the financial year to June 30.Whitehaven chief executive Paul Flynn stuck to his core message throughout the meeting, and argued that while demand for thermal coal is increasing in south-east Asia, the supply of the product will remain relatively "flat".This thesis forms the centre of the miner's contention that its business will remain "sustainable" until 2040 under "all three energy scenarios" used by the International Energy Agency.These range from the world taking no action to curb global warming through an intermediate scenario to the world taking tough action to limit global temperature increases to well below 32 degrees Celsius. British and Australian investment funds say that Rio Tinto's testimony last week raised questions about the accountability of its senior leadership. Whitehaven Coal has been charged with 16 breaches of the state’s mining laws relating to an underground mine near Narrabri. Under the latter scenario global trade in seaborne coal falls sharply.Whitehaven's main export markets are Korea, Japan, and Taiwan, but management anticipates that fossil fuel demand from emerging markets in south-east Asia and the region will fuel continued growth for the Australian company.Mr Flynn noted Whitehaven's inaugural sustainability report, released in September, and said that the business had a long life in it yet even when stress-tested against different emissions-reduction regulatory scenarios designed to mitigate climate change. ASX-listed miner Whitehaven Coal passed its remuneration report without a murmur at its annual general meeting held at The Mint on Sydney's Macquarie Street on Thursday. Whitehaven Coal states “We expect to grow our portfolio from a managed level of approximately 22Mt in 2019 to over 40Mt by 2030.” To achieve this, Whitehaven plans to spend almost $2 billion building two new coal mines, which would see the company producing around twice as much coal as it does today well into the 2040s.
Public hearings were also conducted starting in 2019 to gather community feedback. "We believe our business is resilient under all emissions reductions scenarios," said Mr Flynn. Whitehaven Coal Ltd. annual balance sheet for WHC.AU company financials. "Mr Flynn noted Whitehaven's range of mines and their projected lifespans.He said the company's existing Maules Creek mine had more than 35 years "life of mine" left in it, its Narrabri site had more than 25 years, Tarrawonga had about 10 years, and Werris Creek had about six years.Its Vickery Project, which is entering the final stages of an approval process with the New South Wales government and the IPC, is projected to have a greater than 20-year lifespan. at all-in sustaining costs of $1,065 per oz in Q2. The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation). Following the announcement, Whitehaven’s managing director and CEO, Paul Flynn, welcomed the news and said Vickery would further cement the firm’s growing stature as a key supplier to premium overseas markets. This may not be consistent with full year annual report figures.
... report. Papua New Guinea Prime Minister James Marape is pressing ahead with plans to lift lockdown measures in the Pacific nation this week.
The Independent Planning Commission of Australia’s New South Wales Government approved a $607-million extension of Whitehaven Coal’s (ASX: WHC) Vickery coal mine near Boggabri, in the state’s northwest.The approval, however, was done with 184 conditions aimed at mitigating environmental and social impacts.Whitehaven was granted planning approval for Vickery in September 2014 but is yet to construct the key infrastructure required to extract the approved 135 million tonnes of coal over 30 years. ... grow the peak annual extraction rate from 4.5 to 10 million tonnes, and increase the disturbance area by 776 hectares.
ASX-listed miner Whitehaven Coal passed its remuneration report without a murmur at its annual general meeting held at The Mint on Sydney's Macquarie Street on Thursday.Just over 98 per cent of votes were in favour, with just 1.6 per cent against.However, a resolution to re-elect director John Conde was slightly more controversial, with 7.41 per cent of votes cast against the motion and 92.59 per cent for.
"The risk of our assets being stranded in a carbon-constrained world is low. GlobalData reports an increase of 29% over the previous quarter. Rather, you should be examining fundamental factors such as the intrinsic valuation, which is a key driver of Whitehaven Coal’s share price.
Coal will then be transported to the Port of Newcastle by train. The proposal was assessed by the Independent Planning Commission starting in May. The company is also … Its Winchester South Project, where drilling and work is under way, has more than 25 years in it.Whitehaven's main view on the question of sustainability is to look at how contributes economically to its various stakeholders and the communities that it operates in.