Latest Coking Coal News

Cokal returned to coal sales at its BBM project during FY2026, but regulatory suspensions and weak cash generation pushed the company to a US$11.3 million loss and US$29.6 million of net liabilities. An auditor-highlighted material uncertainty over going concern remains, despite a post-year-end extension of major debt repayments.

MC Mining has warned of a material uncertainty over its ability to continue as a going concern, despite its flagship Makhado project entering hot commissioning. The company ended FY2026 with US$2.904 million in cash, a US$49.746 million net current liability position and continued reliance on shareholder funding.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

ASF Group strengthened its balance sheet in FY2026 by selling non-core investments and subsidiaries, lifting cash to A$5.19 million and eliminating borrowings. Profit attributable to shareholders fell sharply as the prior year benefited from a one-off gain, leaving the investment group reliant on future portfolio realisations and development projects.

Bathurst Resources must provide further information before its fast-track application for the Buller Plateaux Continuation Project can proceed. The two outstanding issues concern a wildlife approval and consent from a reserve manager.

Aspire Mining has retained the Ovoot project’s 130.1 million-tonne JORC Coal Reserve while redesigning how the Mongolian mine is funded and built. The refreshed model forecasts a US$1.48 billion post-tax NPV10, but depends on debt raising, infrastructure delivery and a 12% Inferred Resource contribution to planned output.

Yari Resources reveals multiple coal product pathways at its Arcadia Coal Project, including semi-soft coking, PCI, and high-energy thermal coal, supported by a 10% average in-situ ash and expanded technical data.

Stanmore Resources is set to acquire the Moranbah South tenements for US$105 million, significantly expanding its metallurgical coal resources and enhancing synergies with nearby projects.

Jameson Resources is raising up to A$5 million through a discounted entitlement offer to complete environmental approvals and Indigenous partnerships for its Crown Mountain steelmaking coal project.

Bathurst Resources delivered a consolidated EBITDA of NZD 44.7 million for FY26, reaching the top of its guidance despite a challenging start to the year for export coal prices. The company advanced key growth projects in New Zealand and Canada while maintaining a robust cash position.

Bathurst Resources is set to submit a Fast Track Approvals Act application for its Buller Plateaux Continuation Project, aiming to unlock 20 million tonnes of coking coal over 25 years on New Zealand’s West Coast.

MC Mining has locked in up to US$16 million in new funding from its controlling shareholder, Kinetic Development Group, through an $8 million unsecured bridge loan and a $16 million share subscription split into two tranches. The capital injection aims to back working capital needs and advance the Makhado Project, though shareholder approval remains a key hurdle.