Coal Stocks Rip, Time to Flip?
September 24, 2024
A quick rundown of the post-China stimulus rip in coal stocks, and how to think about positioning using some advice from our Substack and Twitter friend Le Shrub…
Category: Australia
QRC Warns of Economic Risks from New Coal Royalties Legislation
September 18, 2024
The Queensland Resources Council (QRC) has expressed concern over new coal royalties legislation, stating it undermines Queensland’s competitiveness and poses a risk to the state’s economic security…
Peabody Energy Corporation Reports Q2 2024 Earnings and Operational Highlights
August 2, 2024
Peabody reported strong financial results for Q2 2024, beating estimates by a wide margin with a net income attributable to common stockholders of $199.4 million, or $1.42 per diluted share, and adjusted EBITDA of $309.7 million…
Fire Extinguished at Grosvenor Coal Mine, Anglo American CEO Confirms
August 1, 2024
Anglo American announced that the fire at the Grosvenor coal mine in central Queensland is believed to be extinguished…
South32 Nears Exit from Coal Operations with Sale of Illawarra Mines
July 22, 2024
South32 fell 2% short of its coking coal production target of 4.4 million tonnes at its Illawarra coal operations in the 2023-24 fiscal year…
Coal News & Price Data July 20, 2024 – Whitehaven Coal Reports Strong Q1 FY24 Production, Successful Integration of Acquisitions
July 20, 2024
Whitehaven Coal reported a solid quarter with saleable coal production coming in at 4.0Mt, while sales of 3.2Mt were impacted by initial rail logistics delays, which have since been resolved…
Yancoal Reports Steady Q2 2024 Production and Market Performance
July 20, 2024
Yancoal reported attributable coal sales reached 8.6 million tonnes, exceeding attributable saleable coal production by 0.4 million tonnes in Q3 2024…
Anglo American Reduces 2024 Coal Production Guidance Amid Grosvenor Halt
July 20, 2024
Anglo American has revised its 2024 metallurgical coal production guidance downward from 15-17 million tonnes (Mt) to 14-15.5Mt…
BHP Lowers Coking Coal Production Target Following Mine Divestment
July 17, 2024
Australian resources giant BHP has revised its coking coal production target downward for the 2024-2025 financial year following the sale of its Blackwater and Daunia mines…
Coal News & Price Data July 12, 2024 – German Government Maintains 2038 Coal Phase-Out Despite Push for Earlier Exit
July 12, 2024
The German government, led by Chancellor Olaf Scholz’s coalition, has confirmed it will not advance its coal phase-out deadline from 2038 to 2030, despite previous intentions signaled by the coalition partners…
Anglo Engages Banks for $5 Billion Coal Asset Sale Amid Restructuring Efforts
July 10, 2024
Anglo American has enlisted the expertise of three prominent banks to facilitate the sale of its steelmaking coal operations, valued by analysts at up to $5 billion…