Whitehaven's New Queensland Coal Mines off to Strong Start -- Market Talk

Dow Jones04-19

0056 GMT - Whitehaven Coal's sales guidance for its recently acquired Blackwater and Daunia metallurgical coal mines cheers Ord Minnett. Whitehaven says it expects coal sales from the operations, bought from BHP and Mitsubishi, to total 3.5 million-4.0 million tons in FY 2024. In a note, analyst Tim Elder says that is 12% higher than he had forecast. "And, while this appears slightly softer than consensus (-4% at the midpoint), it significantly de-risks production expectations for the assets," says Ord Minnett, which rates Whitehaven a buy. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 18, 2024 20:56 ET (00:56 GMT)

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Whitehaven says it expects coal sales from the operations, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QSD.SI","symbol_name":"Resources Gbl","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428573550","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428573550","pubTimestamp":1713488160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0056 GMT - Whitehaven Coal's sales guidance for its recently acquired Blackwater and Daunia metallurgical coal mines cheers Ord Minnett. 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