This report provides a comprehensive analysis of Allegiance Coal Ltd, focusing on its operations, financial performance, and associated risks. The executive summary highlights the company's activities in the coal industry, emphasizing its production of metallurgical coal and sales strategies. The report delves into specific reporting requirements, including government policies, lease terms, and health and safety regulations within the mining sector. It identifies four significant risks, namely, escape of acidic water, fines, penalties, climate change, and discusses three key areas of concern for the company, including pollution, regulatory scrutiny, and cleanup costs. Financial ratios such as current ratio, quick ratio, debt ratio, gearing ratio, return on equity, and EPS are calculated and analyzed to assess the company's liquidity, profitability, efficiency, and overall financial position. The analysis reveals the company's weak financial standing, marked by net losses and negative EPS, and emphasizes the need for improved management strategies. The report concludes with a risk assessment that highlights the company's risk management framework and its efforts to mitigate various threats.