Aussie Whitehaven Coal's Queensland mines' asset integration is on tack, Citi says

Whitehaven Coal

11/06/2025 22:14

Corrects typo in headline

** Citi says Whitehaven Coal's WHC.AX asset integration is progressing well, with cost savings on track in Queensland's Daunia and Blackwater projects

** Adds, New South Wales' Vickery project is promising, but Queensland ops offer greater upside, especially if the market can support a higher throughput

** WHC is leveraging positive trends in productivity and selective expansion to position itself as a "high-margin" met coal supplier — Citi

** Retains "buy" rating with price target of A$7.40/shr

** Stock down 7.4% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))