Latest Metallurgical Coal News

Whitehaven Coal reported a 29% drop in underlying net profit to $227 million for FY26, despite record safety outcomes and successful debt refinancing that lowered funding costs and extended maturities.

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.

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.

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.

Coronado Global Resources surged back to profitability in Q2 2026, driven by a 39.3% jump in saleable production and a 27.7% fall in mining cash costs. Buchanan mine hit record half-year output, while Curragh staged a major operational turnaround.

Whitehaven Coal delivered a robust finish to FY26, hitting top-end guidance for production and sales while improving safety and reducing costs.

Stanmore Resources bounced back from early-year weather disruptions with a 27% jump in ROM coal production in Q2 2026 and secured a refinancing deal that lowers debt costs and extends maturities, positioning the company for a robust second half.

RocketDNA reported a 52% year-on-year revenue increase and expanded its autonomous drone operations with four new enterprise customers in Q2 FY26. The company also advanced software integration with Deswik to embed drone data into mine-planning workflows.

Yancoal's June quarter saw a 20% jump in attributable saleable coal production to 10.8 million tonnes, supported by rising realised coal prices and operational improvements. The company advances its strategic growth with the pending acquisition of an 80% stake in the Kestrel Coal Mine, while planning to close Ashton mine by early 2028.

Coronado Global Resources has promoted CFO Barrie van der Merwe to CEO, tasking him with steering the coal miner back to profitability and lowering its debt burden.

White Energy confirms ASX listing rules exemption for its proposed US metallurgical and Surat Basin coal assets acquisition, advancing due diligence and capital raising plans.

White Energy has arranged a $1 million unsecured loan from a company linked to its chairman to support due diligence on planned acquisitions and cover working capital before a capital raising.