Business
Whitehaven Coal in massive profit slide as pandemic downturn hammers coal price – NEWS.com.au
Whitehaven Coal in massive profit slide as pandemic downturn hammers coal price
Whitehaven Coal has suffered a major hit to earnings due to tanking coal prices and appears to be holding off on its Vickery mine expansion in NSW, saying it remains cautious about expansion and capital allocation.The company posted a net profit for 2019-20 of $30 million, a 95 per cent plunge compared with the previous financial year.
Import restrictions imposed by the Chinese Government and the lockdown of Indian and north Asian economies reduced demand and caused thermal coal prices to plumm…
-
General18 hours agoInternal Revenue Service starts cutting 20,000 workers
-
Noosa News18 hours agoMan killed, woman seriously injured in collision in Wongabel, Atherton Tablelands, Queensland
-
Noosa News17 hours agoMoreton Bay oyster farm survives cyclone with help of wave wall innovation
-
Noosa News19 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland