History

The history of Whitehaven’s operations is summarised below.

DateDescription
Feb 1999Established
Sep 2000 Mining commences at Canyon open cut mine
Sep 2005 Mining commences at Werris Creek open cut mine
Jun 2006 Mining commences at Tarrawonga open cut mine
Jun 2007ASX listing
Nov 2007 Project approval for Stage 1 of the Narrabri Project
Nov 2007$130 million capital raising and acquisition of remaining 60% interest in Werris Creek
Jan 2008 Narrabri Project Mining Lease granted
Feb 2008 Sale of a 7.5% interest in the Narrabri Project to China's Yudean Group for $67.5 million
July 2008 Development application lodged for Narrabri Project Stage 2 longwall
Aug 2008 Sale of a 7.5% interest in the Narrabri Project to Electric Power Development Co. Ltd (J Power) for $125 million and a 7.5% interest to EDF Trading for US$120 million. (Completed in December 2008)
Nov 2008 Mining commenced at Rocglen open cut mine
Dec 2008 Mining commenced at Sunnyside open cut mine
July 2009 $177 million raised through institutional share placement and $26 million raised through Share Purchase Plan
Aug 2009 Sale of a 7.5% interest in the Narrabri Project for A$125 million (plus 7.5% of all costs incurred since 1 January 2008) to a Korean consortium comprising Daewoo International Corporation (Daewoo) and Korea Resources Corporation (KORES)