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Whitehaven profits surge on rising coal prices

Whitehaven Coal has reported a record net profit after tax of $2 billion for the year ended June 30, 2022, and EBITDA of $3.1b, a significant increase on the $204.5m in the prior year. The outstanding year results also include: An 8 per cent improvement in safety...

Sibanye says new US act offers opportunities

The new US Inflation Reduction Act offers great opportunities for Sibanye Stillwater’s diversification into battery materials and it may look to add more such assets, CEO Neal Froneman said. Enacted this month, it includes climate and clean energy policies and...

Pittong upgrades promises more kaolin for Suvo

A strategic review into the Pittong kaolin project, in Victoria, has validated a 60 000 t/y processing capacity for owner Suvo Strategic Metals. The ASX-listed company on Friday said that with an expected 83% utilisation, Pittong would produce some 50 000 t/y of...

Hartshead raises A$11m for UK studies

ASX-listed European energy business Hartshead Resources has completed an A$11-million capital raise to study work on the development of its Anning and Somerville gasfields, in the UK. The company said it had received firm commitments for the placement of 400-million...