16 April 2020

March 2020 Quarterly Production Report

Highlights

• Safety performance considerably improved with the TRIFR at 4.49 for the rolling twelve months ended March
• No known cases of COVID-19 have been confirmed at any of our sites to date
• We have implemented appropriate COVID-19 response measures across our organisation in compliance with Government guidelines and industry-wide protocols, to keep our workforce, suppliers and communities safe
• Maules Creek manning requirements have been fully filled and quarterly production was in line with expectations
• A weighting event at our Narrabri longwall operation resulted in 20 lost days of production in March. The longwall face has subsequently been recovered and normal production has resumed
• Autonomous Haulage System (AHS) commenced at Maules Creek
• March quarter of 4.9Mt managed ROM coal production, up 8% on the previous corresponding period (pcp)
• March quarter saleable coal production of 4.1Mt, down 15% on pcp
• March quarter coal sales of 4.5Mt, down 22% on pcp
• Whitehaven completed refinancing of its AUD1bn senior bank debt facility with a syndicate of Australian and international banks. The facility now matures in July 2023

Comments from Whitehaven Coal Managing Director and CEO Paul Flynn:

“During the quarter, we fully met our manning requirements at Maules Creek and are now investing in the skills development to achieve full utilisation of equipment and productivity of our workforce.

“As the largest private sector employer in our part of NSW, we are well aware of our role in supporting local jobs and the economy against the backdrop of the COVID-19.

“While globally and at home we see economic activity rapidly contracting, it is pleasing that demand for coal from customers in our region remains solid.”

Read the full March 2020 Quarterly Production Report here.

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