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Whitehaven Coal

From Wikipedia, the free encyclopedia
Australian coal mining company
Whitehaven Coal
ASXWHC
IndustryCoal mining
FoundedFebruary 1999
Headquarters,
Australia
Key people
Mark Vaile (Chairman)
Paul Flynn (CEO)
Revenue$1.7 billion (2020)
$306 million (2020)
Websitewww.whitehavencoal.com.au

Whitehaven Coal is an Australiancoal mining company.

History

[edit]

Whitehaven Coal was established in February 1999. In September 2000, mining operations commenced at the Canyon open cut mine nearGunnedah. Further mines were established atWerris Creek in September 2005 and Tarrawonga in June 2006 before the company listed on theAustralian Securities Exchange in June 2007.[1][2]

In June 2011, Whitehaven was granted approval to operate trains in its own right by theAustralian Rail Track Corporation to thePort of Newcastle via theMain Northern railway line.[3] In 2012,Nathan Tinkler made an unsuccessful attempt to take over the company.[4] In 2015, theMaules Creek coal mine opened.[5] The project was controversial and opposed by a coalition fortraditional owners, farmers and environmentalists.[6]

In October 2023, Whitehaven entered an agreement withBHP Mitsubishi Alliance to acquire theBlackwater 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 toNippon Steel andJFE Steel, respectively.[9]

Assets

[edit]

Current

[edit]

Former

[edit]
  • Canyon coal mine, opened 2000, closed 2009, 100% ownership[16]
  • Rocglen coal mine, opened 2008, closed 2019, 100% ownership[17]

References

[edit]
  1. ^Annual report for year ended 30 June 2007 Whitehaven Coal
  2. ^Admission to Official ListAustralian Securities Exchange 30 May 2007
  3. ^Whitehaven Enters into Long Term Rail Access Agreements Whitehaven Coal
  4. ^Nathan Tinkler sells down stake in Whitehaven CoalABC News 19 June 2013
  5. ^Whitehaven's controversial Maules Creek coal mine officially opensABC News 2 September 2015
  6. ^Paine, Andy (2022-10-26)."Frontline Action on Coal FLAC: Ten Years on the Climate Frontline".The Commons Social Change Library. Retrieved2022-11-10.
  7. ^Gleeson, Daniel (2023-10-18)."Whitehaven Coal to acquire BMA's Daunia and Blackwater mines".International Mining. Retrieved2024-08-23.
  8. ^abcDorrell, Ashleigh (2024-07-08)."Whitehaven Coal's acquisition of the Blackwater and Daunia mines".The Australian Mining Review. Retrieved2024-08-23.
  9. ^Brown, Dylan (2024-08-22)."Whitehaven sells Blackwater stake for $1.6b".Australian Mining. Retrieved2024-08-23.
  10. ^Werris Creek Mine Whitehaven Coal
  11. ^Tarrawonga Mine Whitehaven Coal
  12. ^Whitehaven Coal to resume Sunnyside mine operationsNorthern Daily Leader 13 April 2017
  13. ^Sunnyside Mine Whitehaven Coal
  14. ^Narrabri Mine Whitehaven Coal
  15. ^Maules Creek Mine Whitehaven Coal
  16. ^Canyon Mine Whitehaven Coal
  17. ^Rocglen Mine Whitehaven Coal
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