
Australia Coal Miners Woo Private Capital as Banks Get Leery
Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks

Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks

A Cape Breton coal mine that had been ordered to cease operations after two roof falls last summer

According to S&P Global, Australian coking coal quotations (FOB Australia) fell by 11.7% over two weeks in March (March 1-14) to $270.9/t

Now that we’ve seen another annual rug pull in metallurgical coal markets, I thought it appropriate to revise forecasts and valuation comps

Bearish: Premium PLV Hard Coking Coal benchmark prices were down $12/my to $251/mt on Wednesday, March 20, 2024.

China’s coal output is expected to increase 36 mmt, or 0.8%, to about 4.7B tonnes in 2024, slower than last year’s 2.9% growth.

Coal production in Kuzbass, Russia’s main coal-mining region where high-quality coal production is located, fell to 34.2 mmt in Jan-Feb 2024

Ukrainian steel and mining group sold 48% of its metallurgical and mining products in European Union countries in 2023

In October last year WHC emerged as the successful bidder for BHP’s Daunia and Blackwater coal assets (BMA Assets).

Corsa Coal Corp., a met coal producer based in Pennsylvania, recently reported its financial results for 2023.

Total coal traffic (including coking and non-coking) handled at Indian ports stood at 29.79 million tonnes (mnt) in February 2024

The cost of cleaning Elk Valley river from the toxic materials released by Teck Resources’ coal mining could be at least $4.7 billion