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WHITF

Whitehaven Coal Ltd

https://whitehavencoal.com.au/

CEO

Paul Flynn

Industry

Bituminous Coal Underground Mining

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Whitehaven Coal has sold a 30% stake in its Blackwater coal mine to Japanese steelmakers Nippon Steel and JFE Steel for $1.08 billion. This deal will help Whitehaven reduce debt and potentially increase shareholder returns, while ensuring a stable coal supply for the steelmakers.

Portfolio Pulse from Stjepan Kalinic

August 22, 2024 | 12:39 pm

Coal prices are expected to rise in late summer and fall due to supply outages in Australia and the US. Key incidents include mine fires in Australia and West Virginia, and a lock and dam closure in Alabama. These disruptions will tighten supply, potentially benefiting coal producers like Anglo American, Peabody Energy, Warrior Met Coal, Alpha Metallurgical Resources, and Whitehaven Coal.

Portfolio Pulse from Matt Whittaker

July 22, 2024 | 6:31 pm

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