Whitehaven falls to $47m loss

Published: 11:31:00 AM, Mon 25 February 2013 UTC

Lower coal prices and delays to operations have caused Whitehaven Coal to post a $47 million first half loss.

The NSW-focussed miner's result in the six months to December 31 was down from a $19.9 million profit in the previous corresponding period.

"Whitehaven's first half performance has suffered from a number of adverse impacts on the business, the most significant being weak coal prices and a strong Australian dollar," outgoing chief executive Tony Haggarty said in a statement.

The company was also impacted by a train derailment and maintenance at its Sunnyside mine.

Tags: whitehaven, tony haggarty, whitehaven coal, culture_politics, australia, previous corresponding period., australian dollar, outgoing chief executive, rail transport, management, train derailment, rail tracks, derailment, strong australian dollar, half performance, causality, coal prices, adverse impacts, weak coal prices, lower coal prices, nsw-focussed miner, strong inflection

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