Whitehaven Coal: 86% Profit Plunge Explained

Whitehaven Coal Reports Substantial Drop in First-Half Net Profit

In a surprising turn of events, Australian mining giant Whitehaven Coal has disclosed a dramatic 86% decrease in its first-half net profit, a significant downturn from the previous year's record highs. This notable slump in profitability is attributed primarily to a sharp decline in coal prices and escalating costs associated with mining operations.