Coal mining costs now double 2016 levels
Inflationary pressures in the Australian mining sector have been put in stark contrast by Whitehaven Coal after the company revealed the unit cost of delivering a tonne of its coal to Newcastle Port this year would be approximately double the cost seen as recently as 2016.
Whitehaven said on Wednesday its unit costs would be about 7 per cent higher than previously expected this year because flooding in the Gunnedah Basin would reduce mine production and sales volumes by between 5 per cent and 7 per cent.
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