Latest Coal Mining News

Whitehaven Coal (ASX:WHC) has entered a US$600 million senior secured syndicated loan facility with a 4.5-year tenor, aimed at refinancing existing debt, lowering funding costs, and extending debt maturity. The facility reflects lender confidence in the company’s financial discipline and credit profile.

TerraCom Limited announces the resignation of Managing Director Danny McCarthy effective 30 April 2026, with Chris Bourke appointed as interim CEO. McCarthy will support the transition until September 2026, while the Board confirms no changes to operational or strategic priorities.

Coronado Global Resources has announced the resignation of CEO Douglas Thompson, appointing former CEO and current Executive Chair Gerry Spindler as interim leader. The board also welcomes Greg Pritchard as the new Chair.

New Hope Corporation Limited has announced a fully franked interim dividend of AUD 0.10 per share for the half-year ending January 2026, accompanied by a Dividend Reinvestment Plan with no discount.

MC Mining reports a modest improvement in half-year losses despite declining coal production and revenue, while advancing its Makhado Project and suspending Uitkomst operations to curb cash losses.

Whitehaven Coal has received stable BB+ and Ba1 credit ratings from major agencies, alongside investment grade BBB- ratings for its senior secured debt, underpinning its US$1.1 billion refinancing strategy.

The NSW Department of Planning and Environment has approved a six-year extension for the Dartbrook underground coal mine, pushing its operational horizon to 2033 despite ongoing financial administration challenges.

New Hope Corporation has extended its on-market share buy-back program to March 2027, reinforcing its commitment to capital management and shareholder value enhancement. The continuation remains subject to market conditions and company discretion.

TerraCom Limited reported a significant half-year loss amid falling coal prices and production challenges, completing a $56 million capital raise to strengthen its financial position.

Yancoal Australia delivered record coal production in 2025, boosting volumes by 7% even as revenue fell 13% due to lower coal prices. The company maintained a strong EBITDA margin and declared a fully franked final dividend, signalling confidence amid challenging market conditions.

MC Mining reports steady progress at its Makhado steelmaking coal project in South Africa alongside a significant increase in Kinetic Development Group's shareholding to 44%. The company maintains its production targets for 2026 amid strong safety and environmental records.

Coronado Global Resources reported a $432.1 million net loss for FY2025, impacted by a 22% revenue decline due to softer metallurgical coal markets and logistical challenges. Despite operational gains and cost cuts, the company strengthened liquidity through refinancing and support from Stanwell.