whitehaven coal annual report

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Read the latest Periodic Report General news from Whitehaven Coal (ASX:WHC) at all-in sustaining costs of $1,065 per oz in Q2. The Independent Planning Commission of Australia’s New South Wales Government approved a $607-million extension of Whitehaven Coal’s (ASX: WHC) Vickery coal mine near Boggabri, in the state’s northwest.The approval, however, was done with 184 conditions aimed at mitigating environmental and social impacts.Whitehaven was granted planning approval for Vickery in September 2014 but is yet to construct the key infrastructure required to extract the approved 135 million tonnes of coal over 30 years. Whitehaven Coal (WHC) is a New South Wales based coal producer, with operations and development projects in the Gunnedah basin. "The risk of our assets being stranded in a carbon-constrained world is low. (Image courtesy of Whitehaven Coal). Following the announcement, Whitehaven’s managing director and CEO, Paul Flynn, welcomed the news and said Vickery would further cement the firm’s growing stature as a key supplier to premium overseas markets. Whitehaven Coal Ltd. annual balance sheet for WHC.AU company financials. This may not be consistent with full year annual report figures. “The Commission finds that on balance, and when weighed against the objects of the Environmental Planning and Assessment Act 1979 (EP&A Act), ecologically sustainable development (ESD) principles, relevant policy framework, and socio-economic benefits, the impacts associated with the project are acceptable and the project is in the public interest,” the Commission concluded in its Statement of Reasons for Decision. "We believe our business is resilient under all emissions reductions scenarios," said Mr Flynn. ASX-listed miner Whitehaven Coal passed its remuneration report without a murmur at its annual general meeting held at The Mint on Sydney's Macquarie Street on Thursday.Just over 98 per cent of votes were in favour, with just 1.6 per cent against.However, a resolution to re-elect director John Conde was slightly more controversial, with 7.41 per cent of votes cast against the motion and 92.59 per cent for. The resolution was carried.The company reported a net profit after tax of $564.9 million for the financial year to June 30.Whitehaven chief executive Paul Flynn stuck to his core message throughout the meeting, and argued that while demand for thermal coal is increasing in south-east Asia, the supply of the product will remain relatively "flat".This thesis forms the centre of the miner's contention that its business will remain "sustainable" until 2040 under "all three energy scenarios" used by the International Energy Agency.These range from the world taking no action to curb global warming through an intermediate scenario to the world taking tough action to limit global temperature increases to well below 32 degrees Celsius. "The heart of our view of sustainability is that it's all about the communities around us," said Mr Flynn.Follow the topics, people and companies that matter to you.The US president says he is holding up talks on virus relief payments as part of his bid to stop people from voting by post.Investors voiced shock at the extent to which soft wholesale power prices and a hike in gas costs will erode profit at the electricity and gas supplier.Faced with a formidable task in turning around its wealth management and banking businesses, AMP has pinned its hopes of corporate resurrection on AMP Capital.The Morrison government has told the states it will help them determine how much they can borrow so they can share the cost of dealing with the coronavirus pandemic.Western Australia Attorney-General John Quigley has likened the legal moves and countermoves over a stalled iron ore mine to a complicated game of chess.The miner has revealed that the gold resource at its Canadian mine Red Lake is much higher than the market had expected.The collective for big superannuation funds says Rio's internal inquiry in Juukan Gorge should also consider company culture and board oversight.Western Australia premier Mark McGowan defends emergency law, saying he won't risk selling state down the drain to billionaire businessman.This week's revelation that the David Gonski-chaired beverage giant has been quietly booking coal royalties has surprised much of the investment community.
The primary approval follows a lengthy technical evaluation process for the project and a comprehensive program of community consultation and outreach, including a Multi-stage Public … Whitehaven Coal Managing Director and CEO Paul Flynn said “Despite drought, bushfires and COVID-19 it was great to finish the year so strongly … British and Australian investment funds say that Rio Tinto's testimony last week raised questions about the accountability of its senior leadership. The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation). Whitehaven Coal Limited (ASX: WHC) has today welcomed the decision by the NSW Independent Planning Commission (IPC) to green light its Vickery Extension Project near Gunnedah, in the state’s northwest..

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