Australia: Whitehaven Coal reduces production guidance by 5% for FY’22

La Nina and Covid-19 impacted the production of Australian miner Whitehaven Coal, as per latest reports. The miner has reduced its FY’22 production guidance by 5% to 19–20.5 mnt. Whitehaven’s run of mine (ROM) coal production for the Oct- Dec’21 quarter stood at 3.2 mnt, down 37% y-o-y. However, its coal pricing averaged A$211/t ($150.34) for the quarter, up 146% y-o-y.