
Coal News & Price Data – August 25, 2023 – Whitehaven Update
Australian coal miner Whitehaven Coal has announced weaker-than-expected projections for its fiscal 2024 managed coal output

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

I am initiating coverage of Thungela Resources (ticker: TGA.LN) on 8/22/2023 with…

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.

July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.

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.

Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.

Earnings summaries for Alpha Metallurgical Resource (AMR) and Natural Resource Partners (NRP)

BTU, ARCH & TECK Earnings

With most of the Q2 2023 MSHA coal production numbers in, I think its time to look under the hood and see what’s going on.

Herewith a few points really quick to give you something to chew on in preparation for earnings season in regards to METC, ARCH & BTU.

Thermal coal markets have high inventories and are experiencing increased demand during the summer cooling season in the northern hemisphere.