Whitehaven Coal

Who is Whitehaven Coal?

Whitehaven Coal is a publicly listed company who operate 5 open cut (Canyon (formerly Whitehaven), Tarrawonga, Werris Creek, Rocglen (formerly Belmont) and Sunnyside) and 1 underground (Narrabri).

Whitehave Coal are constructing the Maules Creek Coal Mine in the Leard State Forest.

Major Shareholders:
16.62% Farrallon Capital Management LLC and associates
7.08% FRC Whitehaven Holdings BV (based in Amsterdam, the Netherlands)
6.77% Fritz Kundrun (an Investment Professional who deals in coal and other mining. Co-founder of American Metals and Coal International)
5.97% Hans Mende (Co-founder and President of American Metals and Coal International)
5.82% Martua Sitorus (Indonesia’s fourth richest man who started business in the palm oil trade)
5.02% Deutsche Bank AG
5.01% Prudential PLC

Whitehaven Coal’s Maules Creek Project and ICAC

Nathan Tinkler, disgraced businessman and founder of Aston Coal 2, has been interviewed by the NSW Independent Commission Against Corruption. He was questioned about alleged illegal political donations made at the time that the government were considering the planning application of the Maules Creek Mine. At the time, Aston Coal 2 was overseeing the Maules Creek project. Aston Coal 2 was fined in 2013 because two of its directors had made reportable political donations which were not disclosed during the assessment of the Maules Creek planning application.

Whitehaven Coal and disgraced businessman Nathan Tinkler’s Aston Resources (parent company of Aston Coal 2) merged in 2012.

Whitehaven Coal Limited (WHC.AX)

Share price graph: https://au.finance.yahoo.com/echarts?s=WHC.AX

Whitehaven Coal and the Courts

  • ¬†June 2014 – the NSW Land and Environment Court considers an application by NSW EDO contending that the Biodiversity Management Plan (BMP) for Maules Creek was invalidly approved by the NSW Department of Planning and the Environment (NSW DPE)