Whitehaven Coal (WHC) will go ex dividend on 8/3/2011. The current dividend payment is 3.3 cents and it is 100% franked. The record date is 15/3/2011 and the dividend will be paid on 31/3/2011. Based on the full year payment the dividend yield is 0.9%.
*Current Yield: 0.5% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.
Whitehaven Coal (WHC) will go ex dividend on 13/9/2010. The current dividend payment is 2.8 cents and it is 100% franked. The record date is 17/9/2010 and the dividend will be paid on 30/9/2010. Based on the full year payment the dividend yield is 0.9%.
*Current Yield: 0.5% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.
Construction of the second stage of the third coal export terminal in the Port of Newcastle will begin immediately following completion of finance arrangements. The first stage of the terminal, with export capacity of 30 million tonnes per year (Mtpa) is now in operation and was officially opened on 3 May 2010. The second stage of the terminal will boost capacity to 53 Mtpa, and keep a construction workforce of up to 600 busy for the next two years.
NCIG Chairman Michael Egan said the total finance package, sufficient to cover the expected project construction cost of A$900M, has been completed with a range of Australian and overseas financial institutions.
“The Board has given the immediate go-ahead for the construction of the second stage of the terminal to meet the export demands for coal from mines already in production, or about to start” he said. The announcement means that coal export capacity at Newcastle is expected to increase to more than 180 Mtpa by 2013, with potential for further expansion.
This next stage of works on the 136-hectare site includes a new rail unloading facility and rail sidings, an additional stacker/reclaimer and stockyards, additional conveyors and sample stations and an additional shiploader. Like Stage One, the next phase of development will generate strong economic benefits for the Hunter region and the rest of New South Wales. Michael Egan said for every person working on the construction site, another two are working in engineering, electrical and mechanical workshops fabricating elements of the terminal.
“I’ve no doubt that one of the reasons this region weathered the effects of the global financial crisis so well is because of this massive infrastructure effort, and that flow-on effect is set to continue for the next two to three years.”
Funding for the expansion has built on the initial financing structure established in late 2007 and is supported by long-term throughput contracts. NCIG was formed in 2004 to address fundamental capacity issues associated with coal handling facilities for regional coal exporters. In April 2007 the New South Wales Government granted NCIG approval to construct the new coal terminal, with an ultimate capacity of up to 66 Mtpa.
The members of the consortium are all significant coal producers who have projects to materially increase their coal production to be shipped through the new terminal. Partners in the project include BHP Billiton (through Hunter Valley Energy Coal), Peabody Energy, Centennial Coal, Donaldson Coal, Yancoal and Whitehaven Coal.
http://www.traderdealer.com.au/Fundamentals/cey
Whitehaven Coal (WHC) will go ex dividend on 5/3/2010. The current dividend payment is 2.8 cents and it is 100% franked. The record date is 12/3/2010 and the dividend will be paid on 31/3/2010. Based on the full year payment the dividend yield is 1.9%.
*Current Yield: 0.6% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/2/2010. Current yield is based on the current dividend payment only.
Asciano (AIO) and Whitehaven Coal (WHC) have signed a long term contract for the provision of coal haulage services from Whitehaven’s Narrabri, Werris Creek and Gunnedah loadpoints in the Gunnedah Basin of New South Wales.
The contract provides Whitehaven Coal with long term certainty of their coal haulage requirements going forward. The agreement includes clear performance hurdles and capacity obligations from Pacific National to ensure Whitehaven’s port and rail capacity commitments are matched by above rail obligations through Whitehaven’s growth phase over the next decade.
This long haul, take or pay contract is expected to generate at least $600 million of revenue for Asciano over the term of the agreement. The new contract includes more than a doubling of the rail haulage task for Whitehaven Coal over the next 2 years and is expected to deliver a return on capital to Asciano in line with the benchmarks achieved on recent coal haulage contracts.
The new contract requires one new train set to be ordered immediately. This additional train set is part of Asciano’s $160 million capital commitment announced in June 2009 and means all 4 trains provided for in that commitment are now ordered and underwritten by long term take or pay contracts. Whitehaven Coal has already invested in one train set itself which is expected to be operational in June 2010. Pacific National will lease and operate this train set from Whitehaven as part of this contract. Pacific National has obligations to invest in further trains as required by Whitehaven as its growth volumes come online during the contract period.
Whitehaven Coal’s Managing Director, Tony Haggarty commented, “we are extremely pleased to have entered into this partnership with Asciano for our long term coal haulage requirements. Entering into a contract with performance based hurdles is extremely important for Whitehaven as we expand our operations significantly in the Gunnedah Basin. We are aligning our port, track and above rail contracts to ensure we can deliver our long term growth objectives in the NSW coal export market,” Mr Haggarty said. Asciano Managing Director and CEO, Mark Rowsthorn commented, “this recent contract is a significant achievement for Asciano. As a result of the increased tonnes and longer haulage distances, Whitehaven is now becoming one of Asciano’s largest customers in NSW.”
Whitehaven Coal Limited (WHC) has entered into an agreement with Coal & Allied Industries Limited (CNA) to acquire the Vickery Coal Project (“Vickery”) for $31.5 million cash plus approximately 1,150 ha of land in the Gunnedah region. The transaction is subject to normal regulatory approvals.
The Vickery assets being acquired comprise:
• Authorisation 406 (A406) and Coal Lease 316 (CL316),
• Approximately 3,450 ha of associated land, and
• 399 megalitres per year of water licences.
Vickery is located within the Gunnedah Basin, approximately 18km southeast of Boggabri and 25km north of Gunnedah. Vickery was the site of an open cut mine from 1991 to 1996 and during this period, it produced approximately 6 million tonnes of thermal coal.
Whitehaven holds several tenements adjacent to CL316 and until recently produced export coal from its Canyon Mine which is located immediately to the north of Vickery. Whitehaven also holds EL4699 which is located northwest of Vickery and the company’s Rocglen Mine is immediately to the east.
Whitehaven will be targeting the development of both open cut and underground operations at Vickery:
• Open cut – In the near term, Whitehaven intends to focus on the exploration and definition of an open cut area called East Bluevale that is contiguous to Whitehaven’s West Bluevale open cut area which contains approximately 4.95 million tonnes of measured, indicated and inferred resources.
• Underground – There are nine coal seams contained within the Vickery tenements. Three of these seams, the Shannon Harbour, Stratford and Cranleigh seams, are believed to have economic potential. These seams are thought to be too deep for open cut mining but are expected to be amenable to underground mining methods. The quality of these coal seams ranges from low ash, high energy thermal coal to high volatile soft coking coal.
Whitehaven’s Managing Director, Tony Haggarty, said, “Vickery is an important “bolt-on” acquisition for Whitehaven. It consolidates the company’s significant tenement holding in the Gunnedah region and our expectation is that with focussed exploration in the next year, substantial open cut and underground coal resources will be defined.”
Whitehaven Coal (WHC) will go ex dividend on 14/9/2009. The current dividend payment is 6.0 cents and it is 100% franked. The record date is 18/9/2009 and the dividend will be paid on 30/9/2009. Based on the full year payment the dividend yield is 2.5%.
Current Yield 1.7% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/8/2009. Current yield is based on the current dividend payment only.
Whitehaven Coal (WHC) announced on the 30/7/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 4/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 31/8/2009. Shares will be issued on 7/9/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $3.05.
Discount : 11.6% Liquidity : Good Profitability : Good Stability : Good
* Note: Discount is based on the closing price on the 10 August 2009.
Whitehaven Coal (WHC) announced on the 30/7/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 4/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 31/8/2009. Shares will be issued on 7/9/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $3.05.
Discount : 11.6% Liquidity : Good Profitability : Good Stability : Good
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
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Whitehaven Coal Limited (WHC) today announced it has entered into a Heads of Agreement to sell a 7.5% interest in its Narrabri Joint Venture Project to a Korean Consortium for A$125 million plus 7.5% of all costs incurred since 1 January 2008 (estimated to be in excess of A$11 million). In addition, the consortium will contribute 7.5% of the project’s future costs. The Korean consortium comprises Daewoo International Corporation (Daewoo) and Korea Resources Corporation (Kores). Daewoo is a major manufacturing, investment and trading conglomerate and is one of Korea’s largest companies. Kores is a Korean government corporation which invests in natural resources.
The A$125 million purchase price will be paid in three tranches – A$32.5 million upon completion of the sale; A$30.0 million by 15 November 2009 and A$62.5 million by December 2010 (subject to Narrabri Stage Two approval). As part of the transaction, Whitehaven has agreed to sell to Daewoo up to 1.5 mtpa of Korean specification coal. This annual tonnage is benchmarked to 25% of Narrabri’s annual production over the life of the mine and can be supplied by Whitehaven from any source. The price of coal sold to Daewoo will be based upon the published NEWC globalCOAL Index with appropriate adjustments for calorific value.
Commenting on the sale, Whitehaven Managing Director Tony Haggarty said: “We welcome Daewoo and Kores as partners in the Narrabri Project. Their presence in the Joint Venture will help mitigate market and counterparty risks and also provide significant strategic benefits to the company over the long term.”
