sector: Energy ·
industry: Coal ·
As of
27 Nov 2009
4.25AUD
Whitehaven Coal Limited (WCL) is engaged in the development and operation of coal mines in New South Wales. During the fiscal year ended June 30, 2009, the Company completed the development of and began operating from the Rocglen and Sunnyside mines. The Company operates five open cut mines, Canyon, Tarrawonga, Werris Creek, Rocglen and Sunnyside, and is developing the Narrabri North underground mine. The Company also operates the Coal Handling and Preparation Plant (CHPP) and rail loader at Gunnedah.
BRIEF: For the fiscal year ended 30 June 2009, Whitehaven Coal Limited's revenues increased 94% to A$489.4M. Net income totaled A$244.2M, up from A$51.9M. Revenues reflect an increase in sale of coal and higher revenue in Australia and Asia. Net income also reflects a significant decrease in share based compensation payments, an increase in other income, a rise in foreign exchange gains and higher interest income.
Whitehaven Coal Limited
Ground Floor, 895 Ann Street
PO Box 2440
Fortitude Valley QLD 4006
P: +6102.49313153
F: +6102.49366133