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Whitehaven's June quarter coal production climbs, FY'16 output achieves record

WhitehavenCoal Ltd.'s run-of-mine coal output in the June quarter shifted up2% to 5.6 million tonnes compared to the same quarter of 2015.

The Australian producer said July 15 that saleable coal productionfor the quarter rose 8% year over year to 5.1 million tonnes, with total coalsales up 22% to 5.2 million tonnes.

Meanwhile, Whitehaven reported record run-of-mine coalproduction of 20.5 million tonnes for the 2016 financial year, marking a 30%increase on the prior financial year.

Full-year saleable coal production climbed 35% to 19.7million tonnes and total coal sales jumped 44% to 20.1 million tonnes, withboth also records for the company.

This resulted in Whitehaven meeting its fiscal 2016production guidance of 19.5 million tonnes to 20.1 million tonnes of saleablecoal production.

It was the first full year of operation for the mine in NewSouth Wales, Australia, which contributed 7.8 million tonnes of run-of-minecoal production and 7.4 million tonnes of saleable coal production.

Maules Creek beat fiscal-year run-of-mine guidance of 7.6million tonnes and was on target for its saleable coal production.

The mine reached an annualized rate of more than 9.0 milliontonnes in the June quarter, with production for the period totaling 2.5 milliontonnes of run-of-mine coal production and 2.2 million tonnes of saleable coalproduction.

Whitehaven said the next ramp-up step at Maules Creek is toincrease run-of-mine coal production to 10.5 million tonnes per annum, whichthe mine is likely to operate at in the second half of 2017.