10/14/2021 | Press release | Distributed by Public on 10/13/2021 16:02
14 October 2021
Highlights
Comments from Whitehaven Coal Managing Director and CEO Paul Flynn:
"During recent weeks, thermal coal prices reached record highs which we will see reflected in significant cash generation over the coming months.
"We continue to pay down our senior debt facility; we expect to fully repay the debt facility early in CY22 and be in a net cash position in the March 2022 quarter.
"After a challenging period at Narrabri, we are readying for the longwall changeout ahead of a more productive second half."
"On 16 September, we received Federal approval for our Vickery Extension Project, the culmination of an exhaustive process of technical evaluation and stakeholder consultation spanning five years. While we maintain our cautious approach to capital allocation, this is a critical milestone in our development pipeline that offers us optionality."
Read the fullSeptember 2021 Quarter Production Report here.
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