Allegiance Coal Limited
ALGCF
Other OTC0.01
USD
- -
- -
Return %
Stock
S&P500
1Y
- -
19.99
3Y
- -
69.40
5Y
- -
72.03
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jonathan Romcke
- Sector
- Energy
- Industry
- Coal
- Address
- 109 Pitt Street Sydney NSW Australia 2000
- IPO Date
- Nov 7, 2022
- Website
- allegiancecoal.com.au
- Similar Companies
- Business
- Allegiance Coal Limited is an Australian coal exploration, development, and mining company focused on metallurgical coal, including coking coal, PCI (pulverized coal injection), and thermal coal. The company operates a diversified portfolio of coal assets, primarily consisting of 100% equity interests in the New Elk metallurgical coal project in Las Animas County, Colorado, and the Black Warrior coal mine in Alabama. It also holds a 90% equity interest in the Telkwa metallurgical coal project and the Tenas Project, both located in British Columbia, Canada, along with mining assets at Short Creek mine in Alabama. Allegiance Coal engages in the acquisition, exploration, and development of coal tenements targeting seaborne markets for steelmaking coal. Founded in 2011, the company is headquartered in Sydney, Australia. Recent major company developments include securing a coal off-take contract and loan facility with Marco International, enabling capital investment and working capital for expanding production capabilities particularly at the Black Warrior mine. This contract features a fixed coal price arrangement that supports operational optimization and cost reduction initiatives in a potentially volatile price environment. The company has also received significant funding from Collins St Asset Management Pty Ltd to support growth and operational improvements. Allegiance Coal continues to focus on scaling production and cash flow from its metallurgical coal assets while exploring expansion opportunities and optimizing coal washing processes to target higher-value coal grades for seaborne markets. Allegiance Coal targets global steelmaking coal demand with operations in key low political risk jurisdictions in North America and Canada. Its coal product portfolio supports steel production processes, primarily blast furnace steelmaking, by supplying premium coking and PCI coal types. The company is guided by experienced leadership and strategic financial partnerships aimed at advancing its production profile and market position within the metallurgical coal industry.