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Whitehaven deep in the red with massive impairment

Coal firm forced to write down assets after tough year, but MD optimistic

Haydn Black
Whitehaven deep in the red with massive impairment

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 uncertainties...

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