Latest Coal News

AGL Energy reported a 575% surge in statutory profit to $756 million for FY26, driven by strategic divestments and improved asset flexibility, while declaring a fully franked 50 cents dividend and progressing its energy transition with 12 GW of renewable capacity targeted by 2035.

TMK Energy has increased its average daily gas production by 5% in July 2026, with August figures already surpassing 800m3/day. The company is advancing its 2026 Work Program and finalising design for a Gas to Power Project, targeting first power generation by year-end.

Coronado Global Resources posted a strong operational rebound in Q2 2026, returning to positive EBITDA and advancing a strategic reset at its Curragh mine while completing Buchanan expansion.

Neometals has invoked a $2.5 million personal guarantee following Omaha Value Holdings' failure to pay $5 million for its Tranche 2 placement, while securing a potential standby debt facility as a financial backstop.

Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.

Yari Resources (ASX: YAR) is set to double its Bowen Basin coal resource to over 500 million tonnes through a binding conditional acquisition of the Arcadia Coal Project, backed by a $2.2 million placement.

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.

Jameson Resources (ASX:JAL) is pushing its Crown Mountain steelmaking coal project in British Columbia towards environmental approval by mid-2027 and production by 2029-30, leveraging a low-cost, high-quality asset with a landmark Indigenous partnership.

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.

Jade Gas has completed a A$11 million placement, boosting its cash reserves beyond A$20 million to fund key development and strategic moves, including a proposed Hong Kong listing.

Botala Energy’s Pitse Pilot well 3.5B in Botswana is producing 200 barrels of water per day with measurable casing pressure despite limited reservoir drawdown, signalling effective stimulation and promising progress toward commercial coal bed methane production.

Yari Resources is set to double its coal resources in Queensland’s Bowen Basin through the acquisition of the Arcadia Coal Project, complementing its Rolleston South asset and advancing a district-scale consolidation strategy.