Business
Energy, surging iron ore miners keep ASX losses to 0.4% – The Sydney Morning Herald
The ASX200 backed away from its 13-month high on Thursday, with oil producers and iron ore miners a rare bright spot. March jobs data is due at 11.30am AEST.
Whitehaven Coal has been forced to cut its full-year guidance for production, sales, and unit costs amid ongoing geological challenges at its underground mine in Narrabri.
This morning it said total FY21 run-of-mine production across the Narrabri, Gunnedah and Maules Creek operations in NSW had been lowered to 20.6 to 21.4 megatonnes, down from 21.4 to 22.0 megatonnes.
Whitehaven has been forced to downgrade sales and production guidance amid a range of issues. Credit:Bloomberg
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