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Whitehaven Coal Limited : Annual Report 2013
3 Whitehaven Coal Limited Annual Report 2013 • Final approval obtained from both the NSW State Government and the Federal Government for the large and low cost Maules Creek project, securing the Company's future production growth. • Whitehaven produced a record 9.07Mt ROM coal and 8.20Mt of saleable coal on a 100% basis in FY2013, an increase of 71% and 67% respectively. • Commissioning of the Narrabri longwall proceeded successfully with the mine ramping up to produce 3.68Mt of ROM coal and 3.47Mt saleable coal on a 100% basis during the year. • The Narrabri team successfully completed the rst longwall changeout a day ahead of schedule and the mine is now running at an annualised rate of 6.0Mtpa. • The expansion project at the Werris Creek mine that increases production to 2.5Mtpa is on target for completion in the rst half of FY2014. • Equity ROM coal production increased signi cantly to 7.35Mtpa for the year compared to 4.66Mt the previous year despite the closure of the Sunnyside open cut. • Whitehaven completed the acquisitions of Coalworks Limited and Itochu's minority interest in the Vickery South project which gives the Company 100% ownership of the project. • Cost-cutting initiatives continue to deliver bene ts owing through from: • Revised mine plan with lower stripping ratios at the Tarrawonga and Rocglen mines; • Reduction in the number of contractors, employees and hired equipment at the Tarrawonga and Rocglen mines; and • Placing the Sunnyside mine in to care and maintenance. Operating Highlights Consolidated Equity Production and Sales (Equity Share) Whitehaven Total -- 000t 2013 2012 Movement ROM Coal Production 7,352 4,657 +58% Saleable Coal Production 6,630 4,275 +55% Sales of Produced Coal 6,441 4,289 +50% Sales of Purchased Coal 982 1,243 -21% Total Coal Sales 7,423 5,532 +34% Coal Stocks at Period End 841 478 +76%
Annual Report 2012