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Whitehaven Coal
From Wikipedia - Reading time: 6 min
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| ASX: WHC | |
| Industry | Coal mining |
| Founded | February 1999 |
| Headquarters | , Australia |
Key people | Mark Vaile (Chairman) Paul Flynn (CEO) |
| Revenue | $1.7 billion (2020) |
| $306 million (2020) | |
| Website | www.whitehavencoal.com.au |
Whitehaven Coal is an Australian coal mining company.
History
[edit]Whitehaven Coal was established in February 1999. In September 2000, mining operations commenced at the Canyon open cut mine near Gunnedah. Further mines were established at Werris Creek in September 2005 and Tarrawonga in June 2006 before the company listed on the Australian Securities Exchange in June 2007.[1][2]
In June 2011, Whitehaven was granted approval to operate trains in its own right by the Australian Rail Track Corporation to the Port of Newcastle via the Main Northern railway line.[3] In 2012, Nathan Tinkler made an unsuccessful attempt to take over the company.[4] In 2015, the Maules Creek coal mine opened.[5] The project was controversial and opposed by a coalition for traditional owners, farmers and environmentalists.[6]
In October 2023, Whitehaven entered an agreement with BHP Mitsubishi Alliance to acquire the Blackwater and Daunia coal mines in Queensland.[7] The acquisition was completed in April 2024.[8] In August 2024, Whitehaven announced it would sell a 20% and 10% stake in the Blackwater mine to Nippon Steel and JFE Steel, respectively.[9]
Assets
[edit]Current
[edit]- Werris Creek mine, opened 2005, 100% shareholding[10]
- Tarrawaonga coal mine, opened 2006, 100% shareholding[11]
- Sunnyside coal mine, opened 2008, closed 2012, reopened 2017, 100% ownership[12][13]
- Narrabri coal mine, opened 2012, 78% shareholding[14]
- Maules Creek coal mine, opened 2015, 75% shareholding[15]
- Daunia coal mine[8]
- Blackwater coal mine[8]
Former
[edit]- Canyon coal mine, opened 2000, closed 2009, 100% ownership[16]
- Rocglen coal mine, opened 2008, closed 2019, 100% ownership[17]
References
[edit]- ^ Annual report for year ended 30 June 2007 Whitehaven Coal
- ^ Admission to Official List Australian Securities Exchange 30 May 2007
- ^ Whitehaven Enters into Long Term Rail Access Agreements Whitehaven Coal
- ^ Nathan Tinkler sells down stake in Whitehaven Coal ABC News 19 June 2013
- ^ Whitehaven's controversial Maules Creek coal mine officially opens ABC News 2 September 2015
- ^ Paine, Andy (2022-10-26). "Frontline Action on Coal FLAC: Ten Years on the Climate Frontline". The Commons Social Change Library. Retrieved 2022-11-10.
- ^ Gleeson, Daniel (2023-10-18). "Whitehaven Coal to acquire BMA's Daunia and Blackwater mines". International Mining. Retrieved 2024-08-23.
- ^ a b c Dorrell, Ashleigh (2024-07-08). "Whitehaven Coal's acquisition of the Blackwater and Daunia mines". The Australian Mining Review. Retrieved 2024-08-23.
- ^ Brown, Dylan (2024-08-22). "Whitehaven sells Blackwater stake for $1.6b". Australian Mining. Retrieved 2024-08-23.
- ^ Werris Creek Mine Whitehaven Coal
- ^ Tarrawonga Mine Whitehaven Coal
- ^ Whitehaven Coal to resume Sunnyside mine operations Northern Daily Leader 13 April 2017
- ^ Sunnyside Mine Whitehaven Coal
- ^ Narrabri Mine Whitehaven Coal
- ^ Maules Creek Mine Whitehaven Coal
- ^ Canyon Mine Whitehaven Coal
- ^ Rocglen Mine Whitehaven Coal
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