Latest Coal Mining News

MC Mining advanced its Makhado hard coking coal project through hot commissioning, but ended September with only US$170,000 of cash and facilities before temporarily suspending all operations. The company is relying on shareholder funding to restart and complete the project ramp-up.

MC Mining has warned of a material uncertainty over its ability to continue as a going concern, despite its flagship Makhado project entering hot commissioning. The company ended FY2026 with US$2.904 million in cash, a US$49.746 million net current liability position and continued reliance on shareholder funding.

TerraCom has been suspended from trading while it completes audited FY2026 results expected to include material impairments to its South African and Australian assets. The company has not yet disclosed the size or effect of those write-downs.

New Hope delivered more coal, expanded its resource base and declared a 30-cent final dividend, but lower realised prices and higher costs cut FY26 profit by 63.4%. The results leave investors weighing near-term earnings pressure against a larger production pipeline.

Stanmore Resources is set to acquire the Moranbah South tenements for US$105 million, significantly expanding its metallurgical coal resources and enhancing synergies with nearby projects.

Bathurst Resources delivered a consolidated EBITDA of NZD 44.7 million for FY26, reaching the top of its guidance despite a challenging start to the year for export coal prices. The company advanced key growth projects in New Zealand and Canada while maintaining a robust cash position.

Stanmore Resources maintained steady coal production in the first half of 2026 while boosting earnings and completing a corporate debt refinancing that enhances financial flexibility.

Whitehaven Coal reported a 29% drop in underlying net profit to $227 million for FY26, despite record safety outcomes and successful debt refinancing that lowered funding costs and extended maturities.

The Queensland Court of Appeal has overturned a prior Supreme Court decision that had set aside a statutory demand against Australian Pacific Coal, ordering the company to cover legal costs for both proceedings.

Bathurst Resources is set to submit a Fast Track Approvals Act application for its Buller Plateaux Continuation Project, aiming to unlock 20 million tonnes of coking coal over 25 years on New Zealand’s West Coast.

MC Mining has locked in up to US$16 million in new funding from its controlling shareholder, Kinetic Development Group, through an $8 million unsecured bridge loan and a $16 million share subscription split into two tranches. The capital injection aims to back working capital needs and advance the Makhado Project, though shareholder approval remains a key hurdle.

Coronado Global Resources posted a strong operational rebound in Q2 2026, returning to positive EBITDA and advancing a strategic reset at its Curragh mine while completing Buchanan expansion.