White­haven

(ASX:WHC)

The Australian Mining Review - - NEWS: COMMODITY FOCUS: COAL -

White­haven rode higher vol­umes and prices to post a mas­sive 20-fold jump in full-year profit to $405.4 mil­lion.

White­haven said it had re­ceived a com­bined av­er­age price of $112 a tonne for its coal over the 12 months; a $37 per tonne in­crease over the pre­vi­ous year.

Man­ag­ing di­rec­tor chief ex­ec­u­tive Paul Flynn said the out­look for high qual­ity coal was pos­i­tive as more HELE tech­nol­ogy coal-fired power plants were de­ployed into the Asian re­gion.

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