Yancoal Australia has agreed to pay up to $2.4 billion for one of the largest underground coking coal mines in the world — $1.85 billion upfront, the rest contingent on price recovery. Our DCF puts fair value at $1.29 billion on the 80% stake at current market assumptions, indicating Yancoal paid a 40%+ premium to acquire the asset…
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A guide on the levers that move the earnings and share prices of US coal equities…
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Warrior heads into Q4 with the same structural story: the legacy mines are steady, and Blue Creek is increasingly becoming the swing factor…
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Core Natural Resources announced the restart of longwall operations at its Leer South metallurgical coal mine in West Virginia…
A quick synopsis of Q3 earnings for CNR and a projection of buyback-driven share prices…
A market update and some random thoughts on coal precipitated by the last month’s travels…