Coal news and updates

Whitehaven books record profit, expects coal prices to stay elevated

The logo of Australia's biggest independent coal miner Whitehaven Coal Ltd is displayed on their office building located in the north-western New South Wales town of Gunnedah in Australia, August 15, 2017. Picture taken August 15, 2017. REUTERS/David Gray

Aug 25 (Reuters) - Whitehaven Coal (WHC.AX) declared a bumper dividend on Thursday and said it expects coal prices to stay elevated after the global energy squeeze triggered by Russia's invasion of Ukraine helped the Australian miner book a record annual profit.