Latest Thermal Coal Market News

Mastermyne’s FY2025 AGM reveals resilience amid sector headwinds, operational disruptions, and legal proceedings, while positioning for growth with new leadership and contracts.

Orica Limited has reported its strongest earnings in over a decade, with a 23% rise in EBIT to $992 million and a 32% jump in net profit before significant items. The company also increased its share buy-back program and declared a higher dividend, signaling confidence in its growth strategy and sustainability commitments.

TerraCom Limited reported a robust September quarter with increased coal production and sales, particularly in South Africa and at its Blair Athol mine, while maintaining disciplined cost controls and deferring dividends amid soft coal prices.

Yancoal’s September quarter report reveals stable coal output and a slight dip in realised prices, alongside a leadership change and strategic stake increase in the Moolarben Joint Venture.

TerraCom reported steady coal sales for the June quarter despite softer thermal coal prices and weather disruptions, opting to withhold dividends while advancing key projects.

Whitehaven Coal has delivered a robust FY25 performance, exceeding production and cost guidance while managing market softness and advancing key projects.

New Hope Corporation reports steady coal production but a 27% drop in EBITDA amid falling prices and rail constraints, prompting revised FY25 guidance.

Yari Minerals has agreed to acquire the Rolleston South Coal Project, adding a JORC-compliant inferred resource of 78.9 million tonnes in Queensland’s Bowen Basin. The deal includes shares and performance rights, with plans to expand and upgrade the resource through drilling.

Whitehaven Coal reported a solid Q3 FY25 with resilient production despite seasonal weather disruptions and a soft coal price environment, while bolstering its financial position through a significant Blackwater JV sell-down.

Stanmore Resources has announced a maiden JORC-compliant coal reserves statement for its Isaac Downs Extension project, confirming 52 million tonnes of run-of-mine coal reserves and a mine life exceeding 20 years. The project leverages existing infrastructure and low capital requirements, positioning it as a significant metallurgical coal asset in Queensland's Bowen Basin.

New Hope Group delivered a robust quarterly performance with a 21.8% rise in underlying EBITDA and a 33% jump in saleable coal production for the first half of FY25, underpinned by operational efficiencies and strategic investments.

TerraCom Limited reported resilient coal sales of 1.6 million tonnes for the December quarter despite weather disruptions, while advancing its Moorlands Thermal Coal Project and maintaining a fully franked dividend.