Latest Coal Sector News

TerraCom Limited reported a significant half-year loss amid falling coal prices and production challenges, completing a $56 million capital raise to strengthen its financial position.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

Stanmore Resources Limited posted a net loss of US$47.2 million for 2025, impacted by a 21% revenue decline due to lower coal prices despite record production and cost efficiencies. The company declared a fully franked final dividend of US 8.9 cents per share.

Coronado Global Resources announces the resignation of CEO Douglas Thompson, triggering a leadership reshuffle including interim appointments and a shift in executive roles.

Jameson Resources has marked significant progress in advancing its Crown Mountain steelmaking coal project, doubling its pre-tax NPV to US$942 million and moving closer to final environmental approvals and development permits expected by the end of 2026.

Yari Minerals has announced a maiden JORC Indicated Coal Resource of approximately 33.7 million tonnes at its Rolleston South Coal Project, boosting the total coal resource by 17% to around 223 million tonnes. The discovery of shallow coal seams and ongoing quality testing highlight the project's growing potential.

AJ Lucas Group Limited reported a solid 29% rise in Australian Operations EBITDA for the December quarter, underpinned by disciplined cost management and a significant UK settlement. Despite a revenue dip and suspended mining operations, the company reduced related party loans, securing lower interest rates and strengthening its financial position.

Mitchell Services Limited has reported a remarkable first half of FY26, posting a 71% increase in quarterly EBITDA and achieving a net cash position of $7.2 million. The company’s strong operating cashflows and improved market conditions underpin its optimistic outlook.

Tigers Realm Coal continues to face significant delays in selling its Russian subsidiaries due to prolonged government approval processes and challenging market conditions. The company is exploring alternative strategies as operational risks mount.

TerraCom Limited has successfully completed a $60 million entitlement offer, surpassing its initial $40 million underwriting and demonstrating strong support from substantial shareholders and management.

Yari Minerals has appointed seasoned coal geologist Courtney Taylor as Executive Director and incoming Managing Director to spearhead the Rolleston South Coal Project’s next phase. This leadership change marks a strategic pivot as the company prepares for feasibility studies.

Coronado Global Resources has finalized its financial support agreement with Stanwell Corporation, cementing previously disclosed terms and providing clarity on its capital position.