Coal miner Whitehaven Coal on Thursday said that it would not be making a final investment decision on any of its growth projects, including the A$700-million Vickery extension project, during 2020.
The miner told shareholders that studies continued to be carried out at its three main developments, which also include the Narrabri underground mine Stage 3 extension and the A$1-billion Winchester South metallurgical coal project, but noted that volatile financial market conditions meant Whitehaven would remain cautious about allocating capital to these expansions.
Whitehaven spent some A$6.9-million in its expansion and growth projects in the March quarter, reflecting engineering studies related to the Narrabri Stage 3 environmental impact statement and prefeasibility design work for the Vickery Extension and Winchester South projects.