Latest Coal Mining News

Yancoal has completed its US$1.85 billion purchase of an 80% interest in Queensland’s Kestrel metallurgical coal mine, materially expanding its operating portfolio. The deal also leaves up to US$550 million in contingent payments tied to future coal prices.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

Yari Resources reveals multiple coal product pathways at its Arcadia Coal Project, including semi-soft coking, PCI, and high-energy thermal coal, supported by a 10% average in-situ ash and expanded technical data.

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

Dalrymple Bay Infrastructure reported a 14.2% rise in net profit for H1 2026, underpinned by higher terminal charges and ongoing capital investment, while raising distribution guidance by 8.5%.

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.

Macmahon Holdings delivered a tenth consecutive year of growth with revenue up 7.9% to $2.6 billion and net profit after tax soaring 36.8% to $101.1 million, underpinned by strong contract wins and operational discipline.

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.

New Hope Group exceeded its FY26 coal production and sales guidance, driven by strong performances at Bengalla and New Acland mines, alongside a notable price uplift amid global supply tightness.

RocketDNA Ltd has secured a $1 million contract extension from BHP Mitsubishi Alliance to continue its autonomous drone operations in the Bowen Basin until October 2026, reinforcing its position in mining tech.

Mastermyne has secured a major new mining services contract at the Dendrobium coal mine, potentially worth $255 million over six years and adding over 140 new roles.