Whitehaven Coal has temporarily suspended its share buyback program to allocate resources for a potential bid for BHP’s coking coal mines.
Queensland has warned mining company BHP that its mining licenses could be revoked if the company doesn’t continue investing in the state.
BHP, the world’s largest mining company by market capitalization, reported a 37% drop in its underlying profits for the year ending in June
Thungela Resources reported a 69% drop in profits during the first half of the year due to lower coal prices and logistical challenges.
I initiated the Strong Buy assessment on July 14, it’s currently trading at CAD$0.73 per share – which is an implied gain of 59%
US metallurgical producers comparison of costs and profit margins to get a sense of their inherent competitive advantages.
July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.
After accounting for contingent legal fees, Corsa anticipates receiving net proceeds of $23.3 million from PennDot.
Cleveland-Cliffs made an offer to acquire US Steel, valuing each share at $32.53, a 43% premium over US Steel’s last closing price.
Demand for Asian thermal coal remains. Miners are offering limited spot cargo due to high production costs and royalties.
After the close today, Warrior Met announced a tender offer for its 7.875% senior secure notes due in 2028: