RIO-Glencore deal gooses WHC, page-7

I attended last years AGM. When asked when are dividends being reintroduced. Company paid Div but stopped on the merger with Aston Resources AZT to develop Maules Creek.
Paul Flynn said second half of 2017 !
Directors have paid themselves handsomely and achieved STI and LTI. Shareholders got nothing!
Paul said company focusing on reducing debt. Cost nearly $1B for mine !

Other side of the railway tracks Narrabri has increased its Longwall to 400m from 100m. At 100 m produced 1000t per hour. WHC is about logistics of getting coal loaded railed to port.

I asked if coal was graded for sale. More likely graded at time of loading for filling contracts.

Japanese very happy to get coking coal as thermal as there is no such thing as double handling.

Company very focused on production costs per Tonne. Expect fall in their costs with higher production.

I love learning about running of company. Hope to also share in profits as shareholder along with directors.