Coal price surge paves the way for Whitehaven rebound

By Brian Robins
Updated September 26 2016 - 10:13pm, first published 1:37pm
Supplied image of protesters attempting to block the first test train load of coal coming from the Maules Creek coal mine on its way to Newcastle
Supplied image of protesters attempting to block the first test train load of coal coming from the Maules Creek coal mine on its way to Newcastle
Whitehaven MD Paul Flynn: "Key to survival has been getting costs down – which we have done very well at. Photo: Louise Kennerley
Whitehaven MD Paul Flynn: "Key to survival has been getting costs down – which we have done very well at. Photo: Louise Kennerley

The death spiral for coal miners has been effectively rebutted with the five-fold surge in the share price of Whitehaven Coal so far this year thanks to the spike in coal prices on the back of China's move to rein in domestic coal production.

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