Latest Metallurgical Coal News

Yancoal has completed its US$1.85 billion purchase of an 80% interest in Queensland’s Kestrel metallurgical coal mine, materially expanding its operating portfolio. The deal also leaves up to US$550 million in contingent payments tied to future coal prices.

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.

Cokal’s 60%-owned BBM subsidiary has pushed repayment of a US$20 million capital sum from January 2027 to January 2030. The relief comes with deferred fees carrying 10% annual interest and marketing rights over the first 20 million tonnes of mine production.

White Energy has completed its US metallurgical coal and Surat Basin acquisitions, backed by a $15 million placement and a leadership change that puts Nathan Tinkler in the executive chair. The transactions materially expand the company’s asset base, but the announcement provides no production forecasts or development timetable.

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.

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

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.

Dalrymple Bay Infrastructure reported a 14.2% rise in net profit for H1 2026, underpinned by higher terminal charges and ongoing capital investment, while raising distribution guidance by 8.5%.

Stanmore Resources maintained steady coal production in the first half of 2026 while boosting earnings and completing a corporate debt refinancing that enhances financial flexibility.

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.