Coal firm’s record year

WHITEHAVEN Coal says its on track to deliver “a record set of financials” this year as thermal coal prices hover at sevenyear highs, thanks to strong demand, particularly from China and India.

The miner produced 5.9 million tonnes of coal in the fourth quarter of 2017-18, and 22.9 million tonnes of coal for the year.

Chief executive Paul Flynn said record production at Whitehaven’s Maules Creek mine in the fourth quarter, and ongoing strong performance at its Gunnedah mine helped the group hit sales within the guidance range.