Latest Coal Mining News

Jameson Resources has cleared a key environmental hurdle for its Crown Mountain coal project in British Columbia, receiving a Section 27 Notice that sets the stage for final approvals. The company also raised A$3 million to fund the next phase of environmental assessment and Indigenous engagement.

Alcoa Corporation posted a strong second quarter with $407 million net income, driven by record aluminum segment earnings and higher prices, while advancing its $4.1 billion acquisition of South32’s upstream assets with bridge financing in place.

Yancoal's June quarter saw a 20% jump in attributable saleable coal production to 10.8 million tonnes, supported by rising realised coal prices and operational improvements. The company advances its strategic growth with the pending acquisition of an 80% stake in the Kestrel Coal Mine, while planning to close Ashton mine by early 2028.

QPM Energy Limited and its subsidiaries have entered voluntary administration with McGrathNicol appointed as administrators and FTI Consulting as receivers over key gas-producing entities. The move aims to stabilise operations and explore restructuring options amid ongoing financial distress.

White Energy has arranged a $1 million unsecured loan from a company linked to its chairman to support due diligence on planned acquisitions and cover working capital before a capital raising.

ASF Group has divested its non-core coking coal subsidiary for A$3.08 million, aiming to refocus capital towards growth and working capital enhancement.

Coronado Global Resources has agreed to sell its Logan Mining Complex in West Virginia for nominal cash consideration, shifting liabilities to the buyer and aiming to sharpen focus on core metallurgical coal assets.

White Energy has inked a non-binding term sheet to acquire coal assets in Alabama and Queensland, backed by a $15 million capital raise and planned board reshuffle.

Mastermyne Group is poised to hit the top end of its FY26 revenue and EBITDA guidance, bolstered by robust second-half activity and new Anglo American agreements. Despite supply chain hiccups and a financial penalty under appeal, the underground mining services provider maintains a healthy order book and pipeline.

TMK Energy has inked a MoU with Dashvaanjil Group to develop a 1MW gas-to-power plant at its Gurvantes XXXV project, aiming to secure reliable onsite power and open commercial gas sales by Q3 2026.

Whitehaven Coal’s March quarter production fell 14% due to seasonal wet weather in Queensland, but coal prices rose sharply and refinancing cut interest costs by up to A$55 million annually.

Yancoal Australia posted a record 38.6 million tonnes of attributable saleable coal in 2025, up 5% on 2024, but net profit after tax plunged 64% to A$440 million amid softer coal prices. The miner maintained disciplined cost control and declared A$769 million in fully franked dividends.