Hello everyone, great to have your company on Kalkine TV. I'm Rachael and you’re watching THE
BUZZING TRENDS – a show that looks at the emerging trends driving the market momentum. In
today’s show, we have got you seven ASX-listed coal players and their performance
in the past year. So why Coal stocks? Well the answer is coal prices are breaking all
records. The prices of Australian thermal coal at Newcastle Port have climbed almost
106 per cent this year. So, we have picked up these seven coal stocks and now let
us look at their yearly returns. Whitehaven coal has given 78 per cent returns, New
Hope Corp a whopping 57 per cent, Coronado global resources 62 per cent. Now what is driving
a surge in coal prices? Well a rebound in power demand in China, the country's informal
ban on Australian coal imports, and supply disruption in major coal-producing nations –
All of these factors have contributed to the rise of global thermal coal prices. A
rise in global crude oil prices has also played a vital role to take the thermal coal
prices to sky highs. Thermal coal is primarily used for the generation of electricity. Therefore
a blend of soaring electricity demand has also triggered the prices of thermal coal to record highs.
Apart from this, rising gas prices have further contributed to the increase in burning coal
prices at the expense of gas for generating electricity. Given this backdrop, let's
look at seven ASX Coal stocks that look promising.
First on our list is Whitehaven Coal. It is one of the leading coal producers of premium-quality
coal in Australia. In the June quarter, the company posted great managed sales at
around 4.5 Million tonnes. Next one to look at is Stanmore Coal. Headquartered
in Queensland, Stanmore Coal operates in the Isaac Plains Complex in the Bowen Basin region. The
company started coal mining at the bulk sample pit at Isaac Downs during the June quarter. It produced
595,000 tonnes of coal during the June quarter. So, great progress on coal sales and output is
seen from these coal players. On that note, time for a short break – We will be right
back with more ASX Coal players that are in the spotlight. @@@@@@@@@@@@@@@@@@@@Welcome
back after the break, this is Rachael and you are watching The Buzzing Trends by Kalkine TV. And
today on our spotlight are ASX listed Coal Stocks.
Moving on to the third coal player - Yancoal Australia. This company has its headquarters in New South
Wales. It is a pure-play coal-producing company that operates coal mines across Western Australia,
NSW, and Queensland. Yancoal Australia’s operating cash cost increased by five percent during
the half year due to higher diesel prices and lower production.
Next one to look at is the New Hope Corporation. Founded in 1952, They are engaged in the exploration
and production of coal in Queensland and New South Wales. During the last quarter, the
share prices of the company increased nearly 71 per cent due to surging prices of thermal
coal.
Then we have BHP Group. Well, this mining giant is a well-known global resource company
that is engaged in the production of various commodities, including copper, iron ore, coal,
crude oil, and uranium. The company holds its assets in Western Australia, South Australia,
NSW, and Queensland. Allegiance Coal is another coal player to eye. Headquartered
in Sydney, Allegiance Coal is an Australian coal player. The company is engaged in the
development of coal projects in Western Canada and North America.
Allegiance Coal is developing British Columbia’s Tenas metallurgical coal project. The coal miner also commenced
mining at its New Elk project during the June quarter.
And the last one to look at is Coronado Global Resources. It is one of the significant
producers of metallurgical coal across the globe. The company operates in Queensland’s
Bowen basin and the United States’ Central Appalachian.
So those were the seven stocks that are in spotlight due to rising coal prices. Hope
you found the show informative. Keep watching Kalkine TV for more such stock related insights. Stay
tuned for market related insights only on Kalkine Tv. This is Rachael signing off.