Latest Coking Coal News

Yari Resources has outlined a bold strategy to expand its Rolleston South coal project into a district-scale powerhouse, aiming to build over 500 million tonnes of coal resources through acquisitions and joint ventures.

MC Mining has locked in nearly US$10 million through convertible promissory notes from its major shareholders, targeting the completion and ramp-up of its flagship Makhado hard coking coal project in South Africa.

Cokal Limited has secured regulatory approval to resume mining at its Bumi Barito Mineral project, with operations set to restart mid-June and a 10,000 MT coal shipment planned for late June.

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.

Jameson Resources has cleared a major environmental hurdle for its Crown Mountain steelmaking coal project, receiving the Section 27 Notice from British Columbia regulators and setting the stage for final application submission in October 2026.

Lithium Energy is selling its Queensland graphite projects for $20 million to M Battery Materials, which plans an ASX listing focused on battery minerals. Shareholders may receive MBM shares in-specie, gaining direct exposure to a growing battery materials platform.

MC Mining has secured a US$90 million capital injection from Kinetic Development Group, which now holds a 51% controlling stake, accelerating the Makhado Project towards production. New board appointments signal a strategic shift as the company pivots from development to operational ramp-up.

Clara Resources has completed acquisition of the Mareeba Gold Project, initiating modern exploration and refocusing its portfolio on Queensland gold assets while securing fresh capital and leadership changes.

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.

Coronado Global Resources launched a structural reset targeting cash flow improvement, with Buchanan mine doubling EBITDA despite weak markets, while Logan mine was idled amid persistent High Vol challenges and a $160 million impairment is expected.

Coronado Global Resources (ASX: CRN) will hold its 2026 Annual General Meeting virtually on June 4, 2026, following a challenging 2025 marked by a $432 million net loss amid weak metallurgical coal prices and logistical constraints. The company reported operational improvements and liquidity support from Stanwell, while navigating leadership changes and ongoing risks.

The ASX has published its latest roster of over 40 entities suspended for more than three months, detailing looming deadlines for overdue reports and trading resumption plans. Failure to meet these could trigger removal from the official list.