Articles On Stanmore Coal (ASX:SMR)

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...

Sleepy tiddler Genesis Resources up 55% on no news, goes into trading halt Newly listed gold and base metals explorer Ballymore up ~100% in early trade ASX uranium stocks surge as spot price surpasses 6-year highs Here are the biggest sma...

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...

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...

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

The Stanmore Coal Limited (ASX: SMR) share price is jumping significantly today after the company released its Chairman’s AGM Address to Shareholders. The Stanmore share price is up 5.2% to 70 cents per share. Stanmore’s focus is the explo...

Iron ore 62 per cent fines prices traded this week at $US182 per tonne, up $US7.45 on a week ago Hard coking coal prices were down $US2 on-week at $US105.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $US9.55...

MetRes, a joint venture (JV) between Stanmore Coal and M Resources, has acquired the Millennium and Mavis Downs coal mine in Queensland from Peabody Energy. The mine is currently in care and maintenance with mining to recommence from July 2...

Australian coal shipper Stanmore Coal acquires idled adjacent mine from Peabody Energy Australia ‘Mining is planned to recommence from July 2021, with planned production ramping up to 1 million tonnes per year’: SMR Macarthur Minerals adva...

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Iron ore 62 per cent fines prices traded this week at $US174.55 per tonne, up $US3.65 on a week ago Hard coking coal prices were down $US1.50 on-week at $US107.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $U...

Iron ore price predictions are all over the shop. lol.Clearly, no one has a clue where iron ore prices will end up. But we can tell you where they’ve been (and maybe where they’re going next). Prices are still at historically high levels, b...

Iron ore fines prices traded this week at $US168.90 per tonne, up $US11.80 on a week ago Hard coking coal prices were 45 US cents lower on-week at $US105.80 per tonne at Queensland ports China’s steel reinforcing bar price is up $US10 this...

Each Friday, corporate advisory firm Barclay Pearce highlights the key trading themes of the week, along with which companies and sectors Stockhead readers should be keeping their eye on. Trading highlights Hot IPOs IPO activity has remaine...

Iron ore fines prices traded this week at $US157.10 per tonne, $US6.50 lower on a week ago Hard coking coal prices were $US2.40 lower on-week at $US106.25 per tonne at Queensland ports China’s steel reinforcing bar price is $US5 higher thi...

Iron ore fines prices traded this week at $US160.50 per tonne, up $US3.45 on a week ago Hard coking coal prices were 50 cents higher on-week at $US133.55 per tonne at Queensland ports China’s reinforcing bar price is at $US667 per tonne, d...

The imminent death of fossil fuels has been trumpeted by all manner of analysts for decades now. Tied into that are the forecasts of an ever-declining market – and share prices – for the companies that dig up and process fossil fuels. Topp...

Blue Energy (ASX: BLU) has executed a non-binding memorandum of understanding (MOU) to capture fugitive mine gas from the proposed Isaac Plains underground coal mine in the North Bowen Basin. The MOU with Stanmore Coal (ASX: SMR) paves the...

Stanmore Coal has completed the bankable feasibility study (BFS) for its Isaac Downs project in Queensland, confirming continuity of operations at the Isaac Plains complex. The Isaac Downs project is envisioned to produce 2.5 million tonnes...

Stanmore Coal has cushioned itself from the blow of plunging thermal coal prices by concentrating its operations on metallurgical coal. Stanmore chairman Dwi Suseno said in the company’s annual report 2020 metallurgical coal had been relati...

Stanmore Coal has completed exploration activities at the Isaac Downs project in Queensland that have resulted in a 15-plus year mine life extension. This was underlined by a mineral resource estimate increase to 36 million tonnes across th...

The Queensland Government has backed Stanmore Coal’s Isaac Downs project near Moranbah by crowning it with a prescribed project title. The Isaac Downs project will provide long-term employment at Stanmore’s existing Isaac Plains mining comp...

Australia’s largest shipper of thermal coal, Glencore, will embark on an approximate 7 million-tonne cut to its Australian coal production in 2020 to help rebalance the oversupplied global market. Glencore’s Australian operations produced 5...

Special Report: Brisbane-based accountant turned company founder and investor Stephen Bizzell has established a phenomenal record for creating and crystallising shareholder value over the past few decades. His best-known success might be Ar...