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Why whitehaven coal is rising ?

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Delivered a solid June quarter performance: Whitehaven Coal Ltd (ASX: WHC) stock rose 12.54% on July 15, 2016 driven by the better than estimated June quarter performance by the group. The company’s full year ROM coal production is up 30% to 20.5Mt against same corresponding period (pcp). Saleable coal production reached 19.7Mt while shipments were over 20.1Mt for the year. For June quarter, Maules Creek operations reached over 9.0Mtpa rate, while Narrabri and Tarrawonga established the new ROM coal production records. Second longwall change-out at Narrabri was finished as estimated and solid ROM coal production was delivered from the Gunnedah open cuts which reached 5.8Mt (up 5% over pcp) for the year.
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