Articles On Allegiance Coal (ASX:AHQ)

Allegiance Coal (AHQ) reports further new COVID-19 cases at the New Elk Mine in the United States Currently, 22 of the 53-strong prodution crew have tested positive while four are isolating after being exposed New Elk is currently running...

Local stocks look set to start the week on a flat note, with futures markets drifting sideways ahead of the opening bell on Monday. It followed another lacklustre session on Wall Street on Friday, where the S&P500 edged lower while the...

Coal mining is hardly popular but governments around the world, most of whom have promised to work to reduce the impacts of climate change, can’t get enough of it. It may be getting harder to finance and gain approval for mining coal, the b...

Buyers are lining up for high quality coal from Allegiance Coal’s Black Warrior mine in Alabama, with a major trading house the second customer to order a shipment. The 55,000t order of Black Warrior coal will set sail between January 1 and...

Iron ore has been unpredictable in 2021 and it would be a brave person to make a hard and fast call on where it will end up in 2022. In fact, with the whims of the Chinese Communist Party and vagaries of its economy one of the major factors...

The topsy turvy data coming out of China’s steel sector continues to roll on after the world’s biggest steelmaker revealed iron ore imports hit a 13-month high in November despite sliding steel production. China’s appetite for iron ore roar...

There is a world of difference between a commitment to “phase-out” a commodity, and a proposal to “phase-down” a commodity, which is a reason for taking a fresh look at heavily oversold Australian coal mining companies. While not widely res...

Hancock Prospecting is making a big move into magnetite iron ore, this week inking an initial $9 million deal to farm into the Mt Bevan iron ore project owned by juniors Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW). It’s an in...

Allegiance Coal has loaded and sailed the first steel-making coal cargo from its New Elk mine in Mexico to China. It’s a significant milestone for the company that restarted the mine in May, with the focus now on executing the next cargo mo...

After climbing into midday trade, the ASX 200 lost ground in the afternoon to finish 0.14% lower. There were sharper falls in the ASX microcap Emerging Companies index, which fell by 1.63% — its worst session since September 20. At the big...

Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts...

ShareCafeAllegiance Coal (ASX: AHQ) Ramping up US Coal Production Allegiance Coal (ASX:AHQ) investment focus is on advanced, near production, or producing steelmaking coal projects in countries with low political risk. Allegiance Coal (ASX...

After four years at the helm of Allegiance Coal, Mark Gray says the US coal miner is on the cusp of making it into the big leagues. Having restarted the New Elk coal mine in the last week of May, Allegiance (ASX:AHQ) and acquiring the opera...

If there was any doubt about the importance of grade in iron ore, check out the latest numbers from Mineral Resources (ASX:MIN). Chris Ellison’s miner suffered a 48% discount to average Platts 62% iron ore prices in the September Quarter. T...

The ASX started flat and closed flat as local markets struggled for direction in Thursday trade. By flat we mean almost literally, as the ASX 200 closed 0.02% higher on the day. Modest gains in financials and tech stocks were offset by the...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

As the world emerges from the pandemic, markets are now contending with an energy crisis, a global shipping glut and the prospect of central banks starting to raise interest rates. But so far this week, investors are shrugging it all off as...

Just like yesterday the ASX rallied for most of the day but retreated in the afternoon and today closed in the red. The ASX 200 was down 0.08% at 7,375 points. Another difference from yesterday was tech was the best sector gaining 1.7% whil...

Allegiance Coal (AHQ) enters a trading halt while it plans an upcoming capital raise Currently, it is unknown how much the company is aiming to raise or where the funds will be spent It is not known how much the company is aiming to raise...

ASX-listed Allegiance Coal Limited is fronting investors for $30 million to fund an acquisition.

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Highlights Europe is struggling with energy crisis pushing the prices of fossil fuels further. China’s stockpile of coal is depleting and is looking for sources to replenish it. Australia is among top five producers of coal globally a...

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

Highlights Coal futures have touched fresh high levels amid strong demand in China. China is facing a major power crisis as the country has taken significant steps to limit its carbon emissions. The country is likely to import coal fr...

The Allegiance Coal Ltd (ASX: AHQ) share price is on the move today following a trading update from the company. Earlier today, the coal miner’s shares were up 7.21% to an intraday high of 59.5 cents. They have since partially retreated an...

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

Highlights  Coal prices are currently hovering near all-time-high levels. The demand for coal has been increasing despite the world’s efforts to decarbonise the global economy. Supply disruptions in South Africa and Russia due to rail...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Coal players — both coking (steelmaking) and thermal (power) — have ridden rough seas for the past few years. Things are now starting to get better. A lot, lot better. Premium Low Vol CFR China – a benchmark for Chinese coking coal imports...

Highlights The prices of thermal coal have climbed nearly 106% this year on the back of robust demand and tight supplies. Thermal coal is primarily used in power plants for generating electricity. A rebound in economic activity with e...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

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Iron ore prices fell to their lowest level in two and a half months on the back of noise about steel production cuts in China on Friday, only to moderate on Monday. A 7% flop in iron ore prices to a little over US$180/t to end last week wou...

Resources and tech stocks led the ASX back into positive territory Thursday. After a drop yesterday, led by tech, the bourse rebounded with the ASX 200 closing 0.52% higher. Resources led gaining 1.51% and tech gaining 2.6%. The only sector...

The ASX tech sector succumbed to the latest selloff in tech equities globally. dragging the rest of the bourse down with it. The ASX 200 retreated 0.7% to close at 7,379 points while the ASX Emerging Companies Index lost 1.06%, closing at 2...

Are Chinese steel margins on the way back up? Sliding and eventually negative steel margins in June led many analysts to the conclusion that high prices for iron ore would slide rapidly in the second half of the year as steel producers look...

Should you buy Allegiance Coal shares (ASX:AHQ)? Our AHQ share price forecast and analysis will look at how the company is one of the most promising metallurgical coal producers in the world with strong upside potential. Allegiance Coal Lim...

Tasmanian iron ore producer Grange Resources (ASX:GRR) has become well known for the quality of its iron ore and, while small in volume, makes up for it in tactical nous by supplying pellets that grade around 65%. The Caleb Daniel of the ir...

In spite of China’s complaints about commodity prices, iron ore was relatively steady in June after a volatile May, with benchmark 62% fines opening the first full week of the new financial year above US$220/t. Those price levels, up from a...

What happened to the most talked about commodities in June? Star performer iron ore hit US$US220/tonne (again) late in the month to be up ~38% year-to-date. The benchmark lithium price in index was up another 2.9% month-on-month, according...

The sun is shining again on Australian iron ore, at least for now, with prices again threatening to touch historic levels just one month after reaching record highs. Benchmark 62% fines opened the week in China at US$222.30 a tonne, just US...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Shares in Allegiance Coal Ltd (ASX: AHQ) are flying today, gaining 12.8% despite no new announcements to the ASX today. At the time of writing, the Allegiance share price is trading at 75 cents. Earlier today, the Allegiance share price r...

• Benchmark 62% Fe iron ore price closes a wild month after 5.6% rally to $US198.75 • Iron ore futures trend higher at the end of a week dominated by talk about Chinese intervention • Coking coal finds price support as Aussie export prices...

The Allegiance Coal Ltd (ASX: AHQ) share price is shooting up in early trade today. That’s after the company announced production has started at one of its mines, with sales already in the bag. At the time of writing, shares in the coal mi...

Iron ore 62 per cent fines prices were unchanged this week at US$188 per tonne Hard coking coal prices were up US$0.35 to $US111.13 per tonne at Queensland ports The Chinese steel industry has pointed the finger at the concentrated owners...

Google April 2021 and the first things you’ll find isn’t ASX winners but questions about COVID-19. Just another month in the pandemic, right? Well, yes and no. On one hand the vaccine race continues across the world – far slower than we’d l...

The capital raisings boom on the ASX is continuing in 2021 with nearly $10 billion raised in the first four months of the year. Across 325 deals, ASX companies have raised $9.878 billion in capital amidst IPOs, placements and rights issues....