
Stanmore lobs dividend, but guidance fails to excite investors
Stanmore will drop 5.82 US cents a share in the pockets of investors, led by Indonesia’s Widjaja family’s Golden Energy and Resources or GEAR

Stanmore will drop 5.82 US cents a share in the pockets of investors, led by Indonesia’s Widjaja family’s Golden Energy and Resources or GEAR

Queensland’s Coordinator General has recommended the Winchester South metallurgical coal project to proceed, Whitehaven Coal said on Friday.

Greenfield open cut coal mine producing up to 17 million tonnes per annum (Mtpa) of primarily metallurgical ROM coal (11 Mtpa product coal).

Soul Patt’s is in talks to join Whitehaven Coal’s debt stack for the latter’s $4.1B acquisition of BHP’s coal mines in Queensland.

UK hedge fund Bell Rock failed to disclose it was a substantial holder of Whitehaven Coal shares to the market for more than a year.

Randall Atkins, CEO of Ramaco Resources, discusses the discovery of rare earth elements in a coal mine bought in 2011.

After closing due to a fire in 2018, North Goonyella coking coal mine will reopen in early 2024.

Glencore has acquired a 77% stake in Teck Resources’ Elk Valley Resources (EVR) for $6.93 billion.

In Q3 2023, Ramaco Resources, a U.S. metallurgical coal producer, reported net income of $19.46 million and adjusted EPS of $0.45/share

Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.

Corsa Coal Corp. reported adjusted EBITDA of $6.1 million, total revenue of $51.1 million, and EPS of $0.18 per diluted share.

CONSOL Energy Inc. reported its financial results for the period ending September 30, 2023.