ASX:CRN

4 stories mentioning ASX:CRNUpdated 29d ago

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Update: Coronado Global Resources to Divest Logan Mining Complex in US; Shares Up 19%

(Updates to add stock movement in the headline and last paragraph)Coronado Global Resources (ASX:CRN) agreed to divest its Logan Mining Complex in West Virginia, US, selling its full interest in Coronado Coal II to Phoenix Coal Holdings, with the buyer assuming associated liabilities, including reclamation and other post-closing obligations, according to a Monday filing with the Australian bourse.The Logan complex consists of coal mining properties, leases, permits, and infrastructure, including a preparation plant and load-out facility, located across Boone, Logan, and Wyoming Counties, per the filing.The deal is expected to be free cash flow positive for the company by eliminating ongoing holding and care-and-maintenance expenses, as well as future environmental and operational liabilities, the filing said.The transaction is subject to customary closing conditions and is expected to be completed in July, with no anticipated impact on the company's near-term production guidance, the filing added.The company's shares jumped 19% in recent Monday trade.

ASX:CRN

Asia29d ago

Coronado Global Resources to Divest Logan Mining Complex in US

Coronado Global Resources (ASX:CRN) agreed to divest its Logan Mining Complex in West Virginia, US, selling its full interest in Coronado Coal II to Phoenix Coal Holdings, with the buyer assuming associated liabilities including reclamation and other post-closing obligations, according to a Monday filing with the Australian bourse.The Logan complex consists of coal mining properties, leases, permits, and infrastructure, including a preparation plant and load-out facility, located across Boone, Logan, and Wyoming Counties, per the filing.The deal is expected to be free cash flow positive for the company by eliminating ongoing holding and care-and-maintenance expenses, as well as future environmental and operational liabilities, the filing said.The transaction is subject to customary closing conditions and is expected to be completed in July, with no anticipated impact on the company's near-term production guidance, the filing added.

ASX:CRN

Asia40d ago

Coronado Global Resources Faces Q2 Cash Pressures, Says Jefferies, Shares Fall 7%

Coronado Global Resources (ASX:CRN) faced significant second-quarter cash pressures, including about AU$97 million of fixed cash obligations and an additional AU$25 million to AU$60 million required for inventory rebuilding, according to a Wednesday note by Jefferies.The investment firm noted that cash balances have fallen to about AU$86.5 million, partly offset by a AU$95 million working capital package and about AU$26 million per quarter of Stanwell prepayment support, while total liabilities increased to about AU$563 million and are compounding at about AU$18 million per quarter.Pricing lag effects are estimated to provide a benefit of about AU$54 million to AU$61 million, while fourth quarter pricing recovery could add a further AU$23 million, Jefferies said.Improved production and cost absorption at the Curragh operation are expected to reduce unit costs, excluding foreign exchange impacts, to about $92 per tonne at production of 2.5 million tonnes, the note added.Jefferies kept a hold rating on Coronado Global Resources with a price target of AU$0.29.The company's shares fell 7% in recent Thursday trade.

ASX:CRN

Asia56d ago

Coronado Posts Lower Q1 Run-of-Mine Coal Production

Coronado Global Resources (ASX:CRN) reported run-of-mine (ROM) coal production of 5.4 million tonnes in the first quarter, according to a Tuesday Australian bourse filing.The ROM production was 5.8 million tonnes for the quarter ended March 31, 2025, an earlier filing showed.Saleable production for the three months ended March 31 fell to 3 million tonnes from 3.5 million tonnes in the previous year.Sales volumes rose to 3.5 million tonnes from 3.4 million tonnes.The company expects stronger cash generation and continued balance sheet improvement through the remainder of the year, with around $34 million invested during the quarter, in line with guidance.The company's shares rose around 2% in recent Tuesday trade.

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