Latest Coal News

Kinetiko Energy has completed a $2.2 million placement, supported by directors and major shareholders, to advance its gas exploration and production testing in South Africa’s Mpumalanga Province. Initial production test results are expected in July 2025.

Cokal Limited has secured US$15 million in strategic debt funding to ramp up metallurgical coal production at its BBM mine, while terminating all agreements with Cratus due to non-performance.

TMK Energy’s May 2025 update reveals sustained reservoir pressure declines across multiple pilot wells at Gurvantes XXXV, backed by an independent technical review endorsing ongoing production and new drilling plans.

Bowen Coking Coal is set to transition its Burton Mine Complex to an owner-operator model from July 1, 2025, aiming to increase production and reduce costs. This strategic shift marks a new chapter in Bowen’s operational control and growth ambitions.

Coronado Global Resources has strengthened its financial position with a $150 million liquidity injection and a pivotal five-year coal supply agreement with Stanwell Corporation, reshaping its export potential from 2027.

Yari Minerals has announced a significant 91% increase in its inferred coal resource at the Rolleston South Coal Project, leveraging new data from coal seam gas wells to boost the resource to 151 million tonnes.

Jade Gas Holdings has launched Mongolia’s inaugural horizontal Coal Bed Methane production wells at the Red Lake field, signaling a pivotal step in the country’s energy transition. The company also appoints Chris Whiteman as interim CEO amid strategic leadership changes.

Coronado Global Resources is in confidential talks with Stanwell Limited about revising coal supply agreements and securing a potential $150 million loan to bolster liquidity. While discussions are ongoing, no deal has been finalized.

State Gas Limited has settled a land access dispute at its Rolleston West Project, enabling the company to resume drilling and flow testing activities. This development paves the way for advancing coal seam gas production using innovative technologies.

COSOL Limited anticipates solid revenue and earnings growth for FY25 despite some contract timing setbacks, with a promising outlook for FY26 driven by data analytics and managed services expansion.

Coronado Resources has locked in a $150 million asset-based lending facility with Oaktree affiliates, refinancing existing debt and funding key coal production expansions amid a challenging market.

Yancoal Australia Ltd reported robust 2024 financial results and outlined key corporate governance actions at its 2025 Annual General Meeting, reinforcing its position as a leading coal producer amid market challenges.