Coal Mining News

Yari Resources
Yari Resources
YAR
Coal
Queensland

YAR: Acquisition completed, Arcadia Coal Project, Qld

Yari Resources has completed the acquisition of the Arcadia Coal Project, establishing a combined 504.9Mt JORC coal resource portfolio in Queensland's Bowen Basin. The acquisition, valued at A$714,000 (illustrative), significantly increases total resources by 126.5% and Indicated Resources by 486.6%, with resource growth materially outpacing equity dilution. The company now shifts focus to unlocking value through resource growth, development studies, and strategic opportunities for its expanded portfolio.

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New Hope Group
New Hope Group
NHC
Coal
Unknown

NHC: Presentation on New Hope and Malabar to Combine

New Hope Group and Malabar Resources Limited announced a proposed merger via a court-approved scheme of arrangement, aiming to create a leading ASX-listed producer of low-cost, high-quality coal. The transaction, unanimously recommended by both boards, is expected to unlock operational and regional synergies, significantly increase attributable resources by 82% to ~5.2 Bt, and boost combined saleable production. Malabar shareholders will receive 0.500 New Hope shares per Malabar share, with implementation targeted for February/March 2027.

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New Hope Corporation Limited
New Hope Corporation Limited
NHC
Coal
New South Wales

NHC: New Hope and Malabar to combine

New Hope Corporation Limited and Malabar Resources Limited have entered into a binding Scheme Implementation Deed for New Hope to acquire all outstanding Malabar shares via a scheme of arrangement. The all-scrip transaction, valued at approximately $1.8 billion for Malabar's equity, will create a combined entity with a pro forma market capitalization of ~$6.3 billion and a clear pathway to approximately 19Mtpa of saleable coal production. Both boards unanimously recommend the scheme, which is expected to be implemented by March 2027, offering Malabar shareholders liquid ASX-listed shares and New Hope full ownership of the Maxwell Mine.

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Aspire Mining Limited
Aspire Mining Limited
AKM
Coal
Mongolia

AKM: Corporate Presentation

Aspire Mining Limited presented an update on its Ovoot Coking Coal Project, highlighting its world-class status with a JORC Coal Resource of 219.4 Mt and a Marketable Reserve of 97.9 Mt. The project demonstrates strong economics, including a post-tax NPV10 of US$1.48 billion and an IRR of ~60%, supported by a low-capex development plan and ongoing construction. The company is progressing with funding through vendor financing and a Mongolian OTC bond program, aiming for first coal sales in Q4 2027 to meet a forecast supply deficit in northern China.

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Aspire Mining Limited
Aspire Mining Limited
AKM
Coal
Mongolia

AKM: Ovoot Coal Reserve Update Additional JORC Disclosure

Aspire Mining Limited has reconfirmed its Coal Reserve estimate for the Ovoot Coking Coal Project in Mongolia, reporting a Total Coal Reserve of 130.1 million tonnes and a Marketable Coal Reserve of 97.9 million tonnes, effective 31 March 2026. An updated economic evaluation, incorporating a revised development strategy and lower initial capital expenditure, indicates a post-tax NPV10 of US$1.48 billion and a post-tax real IRR of 60%. The update also details a financing strategy assuming US$126.0 million in Mongolian OTC bond issues and US$42.0 million in deferred payments for infrastructure.

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TerraCom Limited
TerraCom Limited
TER
Coal
Unknown

TER: FY2026 Audited Annual Report

TerraCom Limited reported its FY2026 audited annual results, revealing a net loss of A$155.5 million and significant non-cash impairments totaling A$103.5 million on its Blair Athol mine and South African assets. The company also disclosed a material uncertainty regarding its ability to continue as a going concern, citing production challenges at Blair Athol and increased reliance on new funding arrangements. Operational performance at Blair Athol was below plan, and the North Block Complex mine life was reduced from eight to two years, leading to a full impairment.

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Jameson Resources Limited
Jameson Resources Limited
JAL
Coal
British Columbia, Canada

JAL: Annual Report 2026

Jameson Resources Limited reported significant progress on its Crown Mountain Hard Coking Coal Project in British Columbia, Canada, during FY2026, including receiving the Section 27 Notice for environmental approval and reaffirming a 57.5Mt run-of-mine reserve with a post-tax NPV of US$549M. The company also completed several capital raises totaling over $4.6M to fund project development and continued to strengthen its partnership with Indigenous Nations. Post-period, an additional $9.73M was raised through an entitlement offer.

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COKAL LIMITED
COKAL LIMITED
CKA
Coal
Central Kalimantan, Indonesia
Resource Estimate

CKA: FY2026 Annual Report

Cokal Limited's 2026 Annual Report confirms a stable Mineral Resource of 260.1 Mt and Ore Reserve of 22.98 Mt for its BBM metallurgical coal project, compliant with JORC 2012. The figures show minimal change from the prior year, primarily reflecting mining depletion. However, the report notably omits grade disclosure for these estimates. The company faces significant financial challenges, including net liabilities and a going concern warning, exacerbated by operational delays due to regulatory changes in Indonesia, despite an extended debt maturity.

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Strategic Metals Ltd
Strategic Metals Ltd
SMD
Coal
Yukon

Strategic Metals Ltd Advances Its Division Mountain Project With A Scoping Study 1209402

Strategic Metals Ltd has released a Scoping Study and a Preliminary Economic Assessment (PEA) for its Division Mountain Coal Project in the Yukon. The reports evaluate the viability of an open-pit coal mine to supply coal-fired power plants as an alternative to expensive imported diesel and LNG.

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