Latest Coal Sector News

Austin Engineering has lowered its FY26 revenue and EBIT forecasts due to challenges in key contracts and operational inefficiencies, while outlining strategic measures to restore profitability.

BPH Global Limited secured $1.1 million in a recent placement and reported robust growth in its Indonesian seaweed operations, alongside promising advances in innovative seaweed-based products and strategic regional partnerships.

Jameson Resources has made significant strides in advancing its Crown Mountain Hard Coking Coal Project, progressing environmental assessments and Indigenous partnerships while securing fresh capital to support development.

COSOL Limited reports a $7-8 million revenue shortfall in H1 FY26 amid macroeconomic pressures but pivots towards higher-margin Asset Management as a Service contracts and cost efficiencies to stabilize performance.

Yari Minerals has begun a targeted drilling campaign at its Rolleston South Coal Project to confirm semi-soft metallurgical coal and upgrade its resource classification, setting the stage for a 2026 scoping study.

Mitchell Services Limited delivered a robust Q1 FY26 performance, marked by a 68% jump in EBITDA and a dramatic 93% reduction in net debt. The company’s strategic investment in a decarbonisation joint venture signals a forward-looking growth trajectory.

Cokal Limited has successfully completed its first commercial trial coal shipments since May 2025 to Indonesian buyers, signaling a positive shift in market conditions and setting the stage for expanded sales in the final quarter.

Yari Minerals has secured approvals to begin drilling at its Rolleston South Coal Project, aiming to upgrade its substantial coal resource and confirm metallurgical quality.

Yancoal Australia has appointed Sharif Burra as its permanent CEO, signaling leadership continuity amid a challenging coal market. Burra’s deep internal experience positions him to build on recent operational gains and shareholder value.

Mitchell Services reported a transitional FY25 with revenue growth but earnings pressure from lower utilisation and mobilisation costs. The company secured key contracts and launched a decarbonisation joint venture, positioning for a stronger FY26.

BPH Global has transitioned from development to early commercial sales in its Indonesian seaweed operations, securing key offtake agreements and advancing multiple R&D projects. The company also raised $609,000 in fresh capital, positioning itself for growth in sustainable biotech markets.

State Gas Limited has successfully drilled two new wells at its Rolleston West Project, intersecting significant coal seams and initiating production testing, while engaging NSAI for independent reserve certification.