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Whitehaven Coal Limited : Annual Report 2013
59 Whitehaven Coal Limited Annual Report 2013 Narrabri Housing This year saw the opening of the Narrabri Aquatic Complex, to which Whitehaven contributed $1.5 million. In our discussions with Narrabri Shire Council we highlighted that we were looking to support a project that bene ted the whole community -- young, elderly, special needs, schools, sporting groups and community generally. The pool project met all of these criteria and the Shire now has a state-of-the-art facility that will provide great bene ts to the current community and future generations. Housing We want to bring economic bene ts to the community, and where possible we want to rely on a local workforce. While this initiative is widely supported in the community, it does bring its own challenges -- in particular the impact on housing demand. Whitehaven announced in late 2011 that it would continue to work with local government and developers to support property development in the Narrabri and Gunnedah regions. Subsequent to these discussions Whitehaven has formalised agreements with a small number of developers and is continuing discussions with additional developers. These agreements will involve the development of a range of accommodation options, from family homes to home units and rural residential, in a range of locations. During FY2013 Whitehaven Coal constructed ve new houses in the new Rocky Creek estate in Narrabri. The keys for these completed homes were received in August 2013, with interest already received from key personnel for both renting and purchasing these properties. Assessment of this pilot program will guide Whitehaven as to the most appropriate strategy for housing to attract and retain sta as the Company continues to grow. These developments allow us to attract sta giving them the opportunity for a limited rental subsidy with the option of purchasing the properties. 6 Communities
Annual Report 2012