Latest Coal Mining Sector News

Australian Pacific Coal Limited has successfully challenged a statutory demand for payment, securing a favourable Supreme Court ruling that removes a significant legal threat.

New Hope Corporation has updated its final dividend details for FY2025, confirming a fully franked payout of 15 cents per share and revising the dividend reinvestment plan price to $4.01.

Cokal Limited has secured a binding agreement with PT Petrindo to jointly fund and develop the BBM Haul Road into an all-weather route, appointing PT Petrosea as contractor to support coal transport capacity growth.

New Hope Corporation Limited has unveiled a Dividend Reinvestment Plan (DRP) offering eligible Australian and New Zealand shareholders a flexible, fee-free way to reinvest dividends into additional shares. The plan empowers investors to grow their holdings conveniently while maintaining control over participation levels.

New Hope Corporation Limited has announced a fully franked final dividend of AUD 0.15 per share for FY2025, with a Dividend Reinvestment Plan available to shareholders.

Mastermyne Group has received a Letter of Intent to extend its underground mining contracts with Anglo American Steelmaking Coal, potentially adding $31 million in revenue through April 2026.

Mastermyne Group Limited reported a significant 27% decline in revenue and a 96% plunge in profit for FY2025, signaling a challenging year for the coal miner.

Alfabs Australia Limited reported a robust 76% jump in net profit for FY2025, driven by mining equipment hire and new profit centres, while planning a significant $31 million capital expenditure for FY2026.

Receivers and Managers have been appointed over Bowen Coking Coal and its subsidiaries following voluntary administration, as the company explores sale and recapitalisation options while maintaining operations.

Bowen Coking Coal Ltd has been hit with a $6.8 million statutory demand from contractor BUMA Australia, raising the spectre of insolvency if unresolved within 21 days. The dispute centers on claims and counterclaims involving liquidated damages.

Bowen Coking Coal has been hit with a $15.3 million payment demand from BUMA Australia, prompting a reassessment of its financial and legal options amid ongoing recapitalisation talks.

BPH Global Ltd (ASX, BP8) has initiated strategic discussions with Indonesia’s National Economic Council to deploy its innovative seaweed-based bioremediation solutions targeting pollution from nickel and coal mining operations.