Articles On Stanmore Coal (ASX:SMR)

ASX energy shares received plenty of attention over the quarter just past. And for good reason. Energy prices, as we’re sure you’re aware, have gone through the roof. The trend commenced last year, with energy demand ramping up as the worl...

Most everyone investing in ASX shares is looking for companies that will go up in value over time. And perhaps pay some healthy dividends along the way. But that’s not the sole concern for many investors, who also seek out ASX shares that...

With some ASX shares almost doubling while other fell by more than half, the All Ordinaries Index (ASX: XAO) finished the quarter almost flat, gaining a slender 0.1%. So, which were the top two performers and which came in last? We’ll star...

After a strong run in 2021, which saw the All Ordinaries Index (ASX: XAO) gain 14%, ASX All Ordinaries shares have had a more difficult time in 2022. From the closing bell on 31 December through to the closing bell on 31 March, the All Ord...

BHP and Rio partner with shippers in green consortium while BHP Nickel West announces major renewable deal Rio reveals it paid US$13.3 billion in taxes and royalties in 2021 after profit boom, most of that in Oz Coal miners soar on news of...

Financial stocks led the way as the ASX 200 dipped by around 0.5%. Large cap coal stocks also found demand following news of more Russia sanctions ASX 200 tech companies fell sharply, after leading the market on Monday ASX large caps outp...

S&P Global analysis shows global mining equities hit s 10 year high of US$2.34 trillion in February Pipeline activity index, a measure of activity globally in the mining industry, steady last month with few new resource announcements S...

Escalating conflict in Ukraine sends investors heading for gold as a safe haven with bullion now fetching US$1936.50/oz Newcrest Mining up 2.81% to lead gold sector BHP leads materials to 3.34% gain with outsized 5.1% increase in share pri...

Mining, Energy were the two best sectors today Tech was the worst performer following J Powell comments   Blue chip shares resumed their winning ways, posting a 1% gain today with miners and energy stocks leading the way. The ASX 200 inde...

Goldman Sachs says Rio’s Oyu Tolgoi bid a 43% discount to valuation Sanction threat tightens around Russian resources oligarchs with Aussie interests Materials index gains 1.41% in morning session on Friday Rio Tinto (ASX:RIO) could be fo...

Australia’s largest miners were marched back to the pavilion today thanks to some terrific bowling from the Omicron variant, as Covid reemerged in China’s most intense outbreak and lockdown in two years. The tech capital of Shenzhen, a city...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The chooks are coming home to roost after Guinea’s September Coup d’Etat, after the military’s ‘transitional government’ sensationally ordered a halt to work on the Simandou iron ore mine. Simandou is a monster a multi-billion tonne deposit...

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Looking the goods ahead of the open, the ASX has been given a hideous Monday haircut, down about 1%, after the White House floated a thought bubble on slapping Russia with an oil embargo. Offshore markets have now overcome their initial pan...

The benchmark S&P/ASX 200 Index (ASX: XJO) has started the week poorly. On Monday morning the ASX 200 is now tracking 54 basis points lower at 7,056 points. One ASX share is flaming ahead of the pack today and is now trading 52.84% hi...

Stockhead’s Top 10 at 10, published at 10.30am 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...

Coal explorer Stanmore Resources (SMR) is raising US$506 million (A$693 million) to partially fund the acquisition of an 80 per cent stake in BHP Mitsui Coal (BMC) The buy is costing the company US$1.2 billion (A$1.64 billion) and is consi...

The ASX Emerging Companies index (XEC) is up more than 1.5% on Thursday, while the benchmark ASX 200 is higher as well. Local investors are totally unconcerned by weak US futures when commodity prices behave like incensed lemmings. The alre...

Sitting and watching the world burn has never been so profitable for coal miners, who are in for a bonanza as Newcastle coal prices hit a new record of US$400/t and futures rose US$140/t in a single day. ICE Newcastle thermal coal futures f...

Stanmore Resources (SMR) has awarded EPSA Pacific a five-year, $564 million contract at its Isaac Downs metallurgical coal mine near Moranbah, New South Wales EPSA will also replace Golding as the statutory coal mining operator for the Isa...

The threat of supply disruptions across base metals and iron ore as well as continued strength in gold prices have proven a perfect storm for the materials sector. On a red letter day gold prodded US$1830/oz, iron ore packed on the pounds t...

Stanmore Resources (SMR) executes definitive documentation with certain financiers for its US$625 million (A$845 million) debt facility It follows a deal to acquire BHP’s 80 per cent stake in BHP Mitsui Coal (BMC) for US$1.2 billion (A$1.6...

Stanmore (SMR) provides an update on the 80 per cent acquisition of BHP’s 80 per cent interest in BHP Mitsui Coal (BMC) The company says the acquisition is expected to be complete by the middle of next year SMR has applied for approval fr...

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...

There’s a new Aussie player in the green steel space and they have nothing to do with Andrew Forrest. A favourite of ESG investors across Australia and the world, Calix has shot up by more than 600% over the past 12 months on growing enthus...

BHP (ASX:BHP) believes China’s economy remains strong enough to support iron ore and other commodity prices despite evidence of a slowdown in the Asian economic powerhouse. Iron ore prices hit record highs of US$237/t in mid-May as Chinese...

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...

The S&P/ASX 200 (ASX: XJO) experienced a rare loss on Monday, falling around five points or less than 0.1% as a sell-off in the technology and healthcare sector offset gains in energy and mining. Healthcare fell by over 1% with CSL Limi...

Highlights  BHP Group Limited has decided to sell its 80% stake in BHP Mitsui Coal to Stanmore Resources Ltd. As per the agreement, Stanmore will be required to pay AU$1.1 billion upon the completion of the sale with an additional AU$1...

Highlights Australian shares retreated today. The ASX 200 dropped 0.1 per cent, or 4.7 points, to 7452.2. Travel stocks posted solid gains. Asian stock markets were mostly lower after Wall Street hit a new high. Bitcoin prices today s...

As with all things coal there was bound to be some controversy around BHP’s sale of its 80% stake in the BMC business to Stanmore Coal (ASX:SMR). Since BHP (ASX:BHP) announced plans to divest fossil fuel assets in August last year – setting...

Stanmore Resources (SMR) is planning to acquire BHP’s (BHP) 80 per cent interest in the BHP Mitsui Coal (BMC) joint venture in Queensland The business will pay US$1.2 billion (A$1.62 billion) for the BMC stake, with a potential US$150 mill...

The BHP Group Ltd (ASX: BHP) share price is up this morning after the resources giant announced a deal to sell a coal asset for at least US$1.2 billion. BHP sells coal asset BHP announced today that it has entered into an agreement to sell...

Shares in ASX resources company Stanmore Resources Ltd (ASX: SMR) have jumped out of the starting blocks today to now trade 15% higher at $1.19 apiece. Earlier in the session, the share price touched $1.28 a share. Stanmore Resources share...

BHP (ASX:BHP) has sold its 80% stake in the BMC coal business to Stanmore Coal (ASX:SMR) for US$1.2 billion. Confirming a report in Stockhead’s Sunday newsletter, Stanmore will pay US$1.1 billion up front, another US$100 million six months...

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...

BHP Group will sell its 80 per cent stake in the BMC metallurgical coal venture to Stanmore Coal for $1.6 billion in a deal which continues the global miner’s withdrawal from fossil fuels.

Stanmore Coal (ASX:SMR) is on the cusp of the transformational purchase of BHP’s BMC coal mines in a deal understood to be worth up to $2 billion. Stockhead understands the junior coal miner has emerged as the surprise frontrunner in the ho...

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...

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...

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...

Aspiring gas producer Blue Energy (ASX: BLU) has continued to focus on locking in long-term supply agreements for its proposed output from its acreage in Queensland’s North Bowen Basin. The company has bedded-in agreements for 400 petajoule...

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...

Summary The ASX 200 closed 1.48% higher at 7,342.20, recouping previous session losses. Ten of the 11 sectors ended in green, while the energy sector emerged as the top performer with 2.35% gain. Minding firm Pilbara Minerals was the...

Asia-Pacific investments in wind and solar will hit US$1.3 trillion this decade, according to analysts at Wood Mackenzie, more than double the level in the 2010s. Carbon emissions from the power industry peak at 7.3 billion tonnes in 2025 b...

Aspiring gas producer Blue Energy (ASX: BLU) has advanced hydrogen plans after executing a memorandum of understanding with Stanmore Resources (ASX: SMR). Blue is evaluating the potential of converting pre-development gas to hydrogen. Under...

MetRes, a joint venture (JV) between M Mining and Stanmore Coal, has signed a contract with Coal Augering Services (CAS) to provide auger services to the Mavis Downs and Millennium coal mine in Queensland. The contract was signed by M Minin...