Australian Government OKs Whitehaven Coal's Narrabri Expansion

MT Newswires Live

2024/09/25

The Australian government approved the third-stage expansion of Whitehaven Coal's (ASX:WHC) Narrabri project in New South Wales after "significant delays," the company said in a Wednesday filing with the Australian bourse.

The environmental impact statement for the project was lodged in October 2020.

The project is expected to extend the life of the mine to 2044 from 2031, the filing stated.

The coal miner's shares were up almost 2% in recent Wednesday trade.

Price (AUD): $6.60, Change: $+0.12, Percent Change: +1.85%

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