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New Hope sees lower coal prices

Australian coal producer New Hope Corp said that attributable profit after tax fell 46% in the first half as it flagged slimmer second-half profits on the back of weaker coal prices and lower production. New Hope posted attributable profit after tax of $69.8 million...

Lynas suspends operations at Malaysian plant

Lynas Corporation has halted operations at its Malaysian plant following an escalation of coronavirus cases in the country. The Malaysian Government announced that it was implementing tighter movement controls to contain the spread of the virus until at least March...

Metro Mining to resume mining at Bauxite Hills

Metro Mining has made public that it will resume mining at the Bauxite Hills Mine in early April’20, as formulated, with the first vessel to commence loading two weeks later. In general mining operations activities are kept in halt at the Bauxite Hills during the...

Foreign Coal Producers Get Boost From Coronavirus

The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger through the current crisis, a Rystad Energy analysis...