Posts Tagged ‘Whitehaven Coal’

ASX Company News: WDS Secures Two New Contracts

Friday, March 25th, 2011

Leading integrated services provider to the energy, mining and infrastructure sectors WDS Limited (WDS) announced its E&I Division has been awarded new contracts  with Whitehaven  Coal  and  AGL  Limited.

WDS Managing Director Terry  Chapman said  “These projects, with combined revenue  of $35m, will continue to build WDS’ fabrication, CSG field infrastructure  and  drilling  operations  whilst  delivering  on  our  core  values  of  safety and quality.” The contract with Whitehaven Coal continues WDS’ involvement at their Narrabri operations, the  first  contract  negotiated  by  WDS  following the  acquisition  of WDS  Titeline in  2009  to diversify the drilling customer base. Mr Chapman stated that this was a 2 year contract for Surface in Seam (SIS) and Vertical Production (VP) Drilling, including well management for gas drainage works at Whitehaven’s Narrabri coal mine in NSW. WDS is also pleased to continue its relationship with AGL with the award of a contract for the construction of the Silver Springs Gas Storage Project.  The work involves the engineering, procurement, fabrication and construction of all civil, pipeline, mechanical, compression and electrical & instrumentation components.

WDS is  a  leading  integrated  provider  of  specialist  development, design, engineering, construction, fabrication and maintenance related services to the cross section of energy, mining and infrastructure sectors.

www.wdslimited.com.au

http://www.traderdealer.com.au/Fundamentals/wds

Post to Twitter

Tags: , , , , , ,
Posted in ASX Company News | No Comments

Dividends: Whitehaven Coal Ex Dividend On 8/3/2011

Tuesday, March 8th, 2011

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

Whitehaven Coal

*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.

Post to Twitter

Tags: , , ,
Posted in Upcoming Dividends | No Comments

Dividends: Whitehaven Coal Ex Dividend On 13/9/2010

Monday, August 30th, 2010

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

Whitehaven Coal

*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.

Post to Twitter

Tags: , , ,
Posted in Upcoming Dividends | No Comments

Whitehaven Coal Ex Dividend On 5/3/2010

Wednesday, March 3rd, 2010

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

www.whitehaven.net.au

*Yield has been calculated on the closing price on the 26/2/2010. Current yield is based on the current dividend payment only.

Post to Twitter

Tags: , , ,
Posted in Upcoming Dividends | No Comments

Asciano Secures $600 million Coal Haulage Contract With Whitehaven

Thursday, December 24th, 2009

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.”

www.asciano.com.au

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

Whitehaven Coal Ex Dividend On 14/9/2009

Monday, August 31st, 2009

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

www.whitehaven.net.au/

*Yield has been calculated on the closing price on the 26/8/2009. Current yield is based on the current dividend payment only.

Post to Twitter

Tags: , , ,
Posted in Upcoming Dividends | No Comments

Whitehaven Coal Share Purchase Plan

Tuesday, August 11th, 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

www.whitehaven.net.au

* Note: Discount is based on the closing price on the 10 August 2009.

Post to Twitter

Tags: , , ,
Posted in Share Purchase Plan (SPP) | No Comments

Whitehaven Coal JV Agreement With Korean Group

Friday, August 7th, 2009

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.”

www.whitehaven.net.au

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments