Australia’s Whitehaven Coal Ltd posted a 29% jump in fourth-quarter coal production on Tuesday, beating estimates, even as it warned that pricing pressure was likely to continue as the Covid-19 pandemic dents industrial activity.
Whitehaven said in a filing that saleable coal output jumped to 6.2-million tonnes (mt) for the quarter from 4.8 mt for the same period a year earlier, helped by higher production at its Narrabri mine.