Latest Thermal Coal News

Yari Resources has completed the Arcadia acquisition, lifting its combined reported Queensland coal resources to 504.9Mt and materially increasing its Indicated inventory. The enlarged portfolio brings product flexibility and infrastructure access, but also leaves Yari with technical work, contingent obligations and roughly two quarters of cash funding.

White Energy has pivoted towards thermal and metallurgical coal, completed two acquisitions and raised $15 million after year end. But its FY2026 report records a $3.6 million normalised EBITDA loss, just $0.4 million in unrestricted cash and an auditor-highlighted material uncertainty over going concern.

Whitehaven Coal has opened FY27 with a 22% year-on-year jump in managed ROM production, while terminal disruptions pushed equity sales lower and lifted inventories. Costs remained at the low end of guidance, prices strengthened and full-year targets were unchanged.

Yancoal’s September quarter brought stronger realised coal prices and a A$340 million rise in cash before its Kestrel acquisition and interim dividend. The US$1.85 billion deal now starts contributing earnings, although the mine’s first quarter will include a planned longwall relocation and additional debt funding.

Yari Resources has completed its Arcadia Coal Project acquisition, more than doubling its reported Queensland coal resource base to 504.9Mt. The company says resource growth has outpaced dilution, but the portfolio still carries substantial deferred obligations and development work.

Alfabs has carried its cash-generation reset into FY27, producing $2.4 million of free cash flow and cutting net debt to $35.5 million in the September quarter. Mining hire rates strengthened, but weak engineering demand and unfinished debt refinancing still stand between the company and a dividend restart.

TerraCom’s audited FY2026 results turned a previously reported A$45.6 million loss into a A$155.5 million statutory loss after A$103.5 million of non-cash impairments. The auditor highlighted material uncertainty over the company’s ability to continue as a going concern as Blair Athol remains below plan and new funding is not yet fully secured.

Russell Investments Sustainable Global Opportunities Fund reported a sharp lift in annual operating profit and net assets, with its Class RGOS ETF delivering a 14.62% total return. Distributions also increased, although the fund remains closely exposed to international equity markets and currency movements.

Yancoal Australia has secured NSW approval to continue mining at Hunter Valley Operations until the end of 2045, clearing a major regulatory hurdle after a six-year process. Federal environmental approval remains outstanding, with a deadline of 31 December 2026.

New Hope Corporation Limited (ASX:NHC) has lifted its reported coal resources to 2.96 billion tonnes, driven by major model updates at Bengalla and New Acland. The larger inventory comes with important qualifications: much of Bengalla’s addition is inferred, while a substantial portion of New Acland’s reserves still depends on future approvals.

New Hope delivered more coal, expanded its resource base and declared a 30-cent final dividend, but lower realised prices and higher costs cut FY26 profit by 63.4%. The results leave investors weighing near-term earnings pressure against a larger production pipeline.

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.