Olive Downs’ PE owners test waters for continuation fund
February 26, 2024
Private equity-backed Queensland coking coal mine Olive Downs is ready to shake up its ownership.
Author: CoalNewswire
Private Credit Dominates Whitehaven Coal’s $1.1 Billion Loan
February 26, 2024
Australian coal firm Whitehaven Coal Ltd. drew 17 private credit providers and one bank for a $1.1 billion loan to buy two mines
Hallador Energy Restructures Sunrise Coal Division to Reduce Operating Costs
February 26, 2024
Hallador Energy has announced a restructuring of the company’s Sunrise Coal Division to strengthen its financial & operational efficiency
Warrior Met Coal’s Ballooning Development Costs Prompt RBC Capital To Rethink Projections
February 26, 2024
RBC Capital analysts this week lowered their price target for Warrior Met Coal as costs balloon at thecompany’s Blue Creek mine project.
Australia’s Stanmore exceeds 2023 coal output guidance
February 26, 2024
Australian mining firm Stanmore Coal’s output of 13.2mn t in 2023 exceeded the top end of its 12.3mn-13mn t guidance
CISA Members’ mid-Feb daily steel output rises
February 26, 2024
Daily crude steel output among the member mills picked up further during February 11-20, rising by another 1.5% or 31,000 tonnes/day
China’s blast-furnace capacity use retreats to 83.59%
February 26, 2024
The blast furnace (BF) capacity utilization rate ended a six-week rising streak and pulled back to 83.59% over February 16-22
Alpha Metallurgical Resources Announces Strong Fourth Quarter and Full Year 2023 Results
February 26, 2024
Alpha Met a leading US supplier of metallurgical products for the steel industry, released its financial results for the fourth quarter
China’s PLV HCC coal mine production capacity drops below 54 million tons and will further decrease in 2024
February 23, 2024
The production capacity of PLV HCC coal mines in China has shown a downward trend in recent years.
Queensland Coal Producers Feel the Pinch of Rising Royalty Taxes
February 23, 2024
Australian coal producers, particularly those operating in Queensland, are facing a significant financial squeeze due to higher royalties
Thungela warns of lower earnings on back of Ensham deal
February 23, 2024
JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31…
Teck Resources expects to close coal unit sale to Glencore by Q3 2024
February 23, 2024
Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024