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Whitehaven sinks on another downgrade

WHITEHAVEN Coal was the worst performer in the ASX today after the company cut guidance for a third time this year.

Whitehaven's Maules Creek mine

Whitehaven's Maules Creek mine

The company adjusted full-year production guidance from 20.6-21.4 million tonnes to 20.4Mt. Original production guidance was 21-22.5Mt, which was lowered to 21.4-22Mt in March and then further to 20.6-21.4Mt...

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