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Whitehaven faces stellar first half in 2016

Coal miner Whitehaven Coal this week told shareholders that its expected earnings before interest, tax, depreciation and amortization (Ebitda) would nearly double in the first half of 2016, compared with the previous corresponding period.

Ebitda for the first half of 2016 was expected to be in the range of A$100-million to A$105-million, meaning the miner would be profitable during that period.