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Coronado Global Resources Inc.
Crux Investor Index
4
–
Market Cap (USD)
1251644268
Symbol
ASX:CRN
Stage of development
Production
Primary COMMODITY
Coal
Additional commodities
No items found.
Coronado Global Resources Inc. is a Brisbane, Australia-based metallurgical coal producer listed on the Australian Securities Exchange. Coronado has three operating mines across Australia and the United States with over 2 billion metric tonnes of metallurgical coal resources. The company is focused on producing high-quality metallurgical coals, which are an essential element in steelmaking.
Coronado's Australian assets include the Curragh mine in Queensland's Bowen Basin which is expected to produce 1.5-2 million tonnes per annum once fully ramped up. In the United States, Coronado operates the Buchanan and Logan mines in Virginia and West Virginia, which have estimated mine lives exceeding 20 years.
The company has a strong balance sheet and continues to return capital to shareholders, distributing over $1.5 billion in dividends since its IPO. Coronado is majority-owned by private equity firm The Energy & Minerals Group. The company is currently advancing organic growth projects at both its Australian and U.S. operations to expand production capacity to 20.5 million tonnes per annum by 2025.
Article
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