ASX:WHC

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

Australian Shares Decline; European Lithium Signs Agreement to Combine With Nasdaq-Listed Critical Metals

Australian shares declined at Tuesday's close as markets faced uncertainty as the stalemate in the talks to end the conflict in the Middle East continued.The S&P/ASX 200 Index fell 0.64%, or by 55.70 points, to close at 8,710.70.Brent crude oil futures rose 1% to reach $109.52 per barrel. The Strait of Hormuz continued to be closed, and the US was reviewing Iran's latest proposal to resolve the conflict in the Middle East.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 67.8 in the week of April 20 to April 26.Headline inflation is forecast to have risen 1.4% quarter-on-quarter, partly due to higher fuel prices in March, and the Reserve Bank of Australia is still expected to lift the cash rate by 25 basis points at its May meeting, according to ANZ economist Sophia Angala.In company news, European Lithium (ASX:EUR) signed an agreement to combine with Nasdaq-listed Critical Metals through the acquisition of all of the company's issued securities via a scheme of arrangement at an exchange ratio of 0.035 Critical Metals shares for each European Lithium share, with each shareholder receiving Critical Metals scrip at an implied value of AU$0.58 per European Lithium share held, if the proposal is implemented. Its shares soared 46% at market close.Whitehaven Coal (ASX:WHC) said managed run-of-mine (ROM) production reached 9.5 million tonnes in the fiscal third quarter ended March, including 4.1 million tonnes from Queensland and 5.4 million tonnes from New South Wales. Its shares closed up 4%.Lastly, Beach Energy (ASX:BPT) produced 4.8 million barrels of oil equivalent in the quarter ended March 31, slightly down from 4.9 million barrels of oil equivalent in the same period last year. Sales volumes fell to 5.3 million barrels of oil equivalent from 6.4 million barrels of oil equivalent, while sales revenue was down to AU$419 million from AU$552 million. Its shares were down 1% on market close.

Whitehaven Coal Posts Higher Fiscal Q3 Managed ROM Production

Whitehaven Coal (ASX:WHC) said managed run-of-mine (ROM) production reached 9.5 million tonnes in the fiscal third quarter ended March, including 4.1 million tonnes from Queensland and 5.4 million tonnes from New South Wales, according to a Thursday Australian bourse filing.The company's March quarter 2025 managed ROM was 9.2 million tonnes with total equity sales of produced coal of 6.3 million tonnes, an earlier filing showed.The company reported March quarter equity sales of produced coal of 6.8 million tonnes.The company said ROM coal production and coal sales are tracking to be firmly in the upper half of fiscal year 2026 guidance of 37 million tonnes to 41 million tonnes, with unit costs tracking around the midpoint of the AU$130 to AU$145 per tonne guidance range and capital expenditure on track to be around the low end of AU$340 million to AU$440 million.Net debt stood at AU$600 million at March 31, before a second deferred acquisition payment to BMA of $500 million made on April 2, with refinancing of acquisition debt completed in April via $900 million of senior secured notes and $600 million of bank funding, delivering interest savings of AU$50 million to AU$55 million per year from May, the filing added.The company remains on track to deliver AU$60 million to AU$80 million of annualized cost savings by June 30, the filing added.Whitehaven continued its share buyback during the quarter, repurchasing 1.4 million shares for AU$11 million, with 7.7 million shares bought back for AU$56 million in the fiscal year to date, it added.

Whitehaven Coal Unit Secures $900 Million Through Senior Secured Notes Offering

Whitehaven Coal (ASX:WHC) said its subsidiary Australian MetCoal Financing has completed a $900 million offering of senior secured notes to institutional investors under US and international exemptions, according to a Thursday filing with the Australian bourse.The financing is divided into two $450 million tranches, maturing in October 2031 and April 2034, both of which carry semi-annual interest payments starting in October, the filing said.The proceeds will mainly be used to refinance the company's $1.1 billion acquisition term loan facility, with the balance directed toward general corporate purposes, the filing added.The company's shares rose 1% in recent Thursday trade.

ASX Biggest Losers

Here are the seven ASX-listed companies with the biggest losses on Friday.4D Medical (ASX:4DX): -5%, AU$6.08Evolution Mining (ASX:EVN): -4%, AU$13.30Whitehaven Coal (ASX:WHC): -3%, AU$8.13Alcoa (ASX:AAI): -3%, AU$96.50Westgold Resources (ASX:WGX): -3%, AU$6.25New Hope (ASX:NHC): -2%, AU$5.33Capricorn Metals (ASX:CMM): -2%, AU$11.53

Whitehaven Coal Prices $900 Million Offering of Senior Secured Notes

Whitehaven Coal (ASX:WHC) priced a $900 million offering of senior secured notes in a dual-tranche offering to eligible buyers, according to a Thursday filing with the Australian bourse.One tranche of $450 million carries a maturity of 5.5 years and a coupon rate of 6.25%, while the second $450 million tranche has an 8-year maturity and a coupon of 6.75%, per the filing.Whitehaven said it plans to use the proceeds to repay dues under its $1.1 billion acquisition term loan facility and for general corporate purposes.The notes are expected to settle on April 22.

Morgan Stanley Upgrades Whitehaven Coal to Overweight from Equalweight; Price Target is AU$9.75

Fitch Rates Whitehaven Coal's First-Lien Senior Secured Notes 'BBB-'

Fitch Ratings gave a "BBB-" rating to Whitehaven Coal's (ASX:WHC) proposed first-lien senior secured notes, to be issued under a dual-tranche structure, the ratings agency said Monday.The first-lien senior secured notes are on equal footing with Whitehaven's first-lien senior secured term loan and first-lien senior secured revolving credit facility, and are therefore similarly rated one-notch higher than the company's long-term issuer default rating, Fitch said.The company's acquisition of the Daunia and Blackwater mines has considerably increased its scale and diversification, which Fitch cited as a key rating driver. It said Blackwater also provides further potential for expansion, including mining at Blackwater South, which is not captured in the current rating.Other rating drivers include Whitehaven's improved cost position, an expectation for the Middle East conflict to boost thermal coal demand in East Asia, strong liquidity, and reduced merger and acquisition risk in the near term, Fitch said.