[SMM Coal Flash] ESDM Approves Bayan Resources’ 2026 RKAB Revision

Australian coal miner New Hope Corporation Limited has released its full-year results for the 2026 financial year, reporting saleable coal production of 11.5 million tonnes and coal sales of 11.8 million tonnes. Production growth was supported by the continued ramp-up of the New Acland Mine and strong performance at the Bengalla Mine in the second half of the financial year. Underlying EBITDA reached AUD514 million, while net profit after tax stood at AUD161 million for FY2026.

Indonesian coal player PT Bayan Resources Tbk announced that Andi Syamsuddin Arsyad, also known as Haji Isam, will acquire 10.0 billion Bayan shares through PT Jhonlin Baratama. Bayan's management said the proposed transfer of the controlling shares was formalised through a Conditional Sale and Purchase of Shares Agreement signed on 16 September by company founder Low Tuck Kwong and his daughter Elaine Low. The agreement covers the proposed transfer of 10,000,000,500 ordinary Bayan shares. However, Bayan said completion of the transaction remains subject to the fulfilment of several conditions precedent.

India’s Ministry of Coal has urged the Uttar Pradesh government to accelerate development of the Saharpur Jamarpani captive coal block in Jharkhand to strengthen long-term fuel security for the state’s thermal power plants and reduce reliance on external coal supplies, particularly from Coal India Limited. Located in Jharkhand’s Dumka district, the block has reserves of more than 973 million tonnes and was allocated to Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) in August 2015 to meet the coal requirements of its thermal power projects. However, more than 10 years after its allocation, the block has yet to be operationalised.