Whitehaven deep in the red with massive impairment

WHITEHAVEN Coal has been forced into a brutal A$650 million asset write down, driving it deep into the red with net loss of $543 million.

Whitehaven deep in the red with massive impairment Whitehaven deep in the red with massive impairment Whitehaven deep in the red with massive impairment Whitehaven deep in the red with massive impairment Whitehaven deep in the red with massive impairment

Werris Creek

The bulk of the write-down, $549 million, was due to a reduction in reserves at its Narrabri operations in New South Wales due to a new mine plan that optimises coal quality, plus $90 million due to