
Coal News & Price Data – October 11, 2023 – More on Teck’s Coal Divestment
Teck Resources is considering more than just the highest bid for the sale of its metallurgical coal assets.

Teck Resources is considering more than just the highest bid for the sale of its metallurgical coal assets.

BHP Group plans to retain its remaining metallurgical coal assets, emphasizing a positive outlook for higher-quality raw materials.

Arch Resources and Coronado Global Resources have both reduced their coal sales guidance due to mining difficulties in the US.

Now that I’ve wrapped up the forecasts for the US met producers, I figured I would share it here so that we can compare and contrast.

Whitehaven Coal is considering using $1.1bn to $1.8bn in debt to purchase BHP’s coal mines in Queensland, as suggested by UBS analysts.

New Hope Coal reported record profits due to high coal prices, and plans to nearly double production this decade.

Thermal coal prices strengthened, surpassing $125 USD/ton, attributed to increased consumption and a sharp rise in gas prices.

Why is Alliance trading at a market premium to Australian thermal coal producers? It makes no sense in terms of long-term shareholder value.

Time to address the elephant in the room. Whitehaven is most likely going to buy Blackwater and Daunia from BHP.

Coronado Global Resources is reportedly in bilateral talks with South32 regarding a potential acquisition of its Illawarra Metallurgical Coal

Australian coal miner Whitehaven Coal has announced weaker-than-expected projections for its fiscal 2024 managed coal output

Whitehaven Coal has temporarily suspended its share buyback program to allocate resources for a potential bid for BHP’s coking coal mines.