Whitehaven, one of Australia's largest coal miners, has seen its profits nearly wiped out as coal prices collapse around the world.
Whitehaven said its full-year result had also been hit by disruptions from summer bushfires, drought, and staffing problems at its flagship Maules Creek mine."The year has been a challenging year in so many ways, and COVID-19 has been the icing on the cake," chief executive officer Paul Flynn said on a conference call."We've managed a pretty solid year ...
Didums
Leaves the community in the dark with a new approval awarded for Vickery coal mine under Whitehaven as well.
To be expected if children can't be punished. Coal in the stocking has no value in an ADHD world....
Incredible demise of coal Whitehaven Coal price is down 81% in 2 years. When a coal company underperforms aged care businesses, you know the future is glum. Only a fool would suggest we needs morecapacity in coal mining &YET THEY KEEP DESTROYING auspol whitehavencoal $WHC
Another case of ‘all your eggs in the one basket’ for Aus, the ‘clever country’. (As well as, you know, education being our third biggest ’export so dependant on China.)
Wonder how Matt the caravans brothers coal mining business is going?
mattjcan fitzhunter ScottMorrisonMP AngusTaylorMP keithjpitt simonahac auspol
Since April coal price has skyrocketed. Seems we have more selective fakenews from the SMH.
This is why our uranium ect. must be kept in Australia for Australia as nuclear power is absolutely the sensible way of the future for power energy anything you would like to think of.Why flog it other countries and let them be ahead over and above us.Start thinking of Aust.
This means a plentiful of cheap electricity for countries that have been building their coal power plants: China, India, Russia. And suckers like Australia are using windmills and paying through the nose (with zero effect on climate)
That means more taxpayer money will be funded to these companies by Scumo. Get ready for another rort.
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