Coronado Global Resources Inc
OTC:CODQL
Coronado Global Resources Inc
Coronado Global Resources, Inc. engages in the exploration and production of metallurgical coals. The company is headquartered in Brisbane, Queensland and currently employs 1,735 full-time employees. The company went IPO on 2018-10-23. The company has operations in Australia and the United States. The Australian operations comprise the Curragh Mine complex (Curragh). Curragh is located in the Bowen Basin, over 10 kilometers north of Blackwater in central Queensland. Curragh produces a variety of metallurgical coal products, which are exported globally to a diverse customer base of steelmakers. Curragh is an opencast bituminous coal mining and processing operation consisting of two distinct areas, Curragh North and Curragh Main. The United States operations are located in the Central Appalachian region in Virginia and West Virginia and produce a suite of metallurgical coal products. The company has three producing mining complexes in the United States, which include Buchanan Mine Complex, Logan Mine Complex and Greenbrier Mine Complex. The company serves customers throughout the Asia-Pacific, the Americas and Europe.
Coronado Global Resources, Inc. engages in the exploration and production of metallurgical coals. The company is headquartered in Brisbane, Queensland and currently employs 1,735 full-time employees. The company went IPO on 2018-10-23. The company has operations in Australia and the United States. The Australian operations comprise the Curragh Mine complex (Curragh). Curragh is located in the Bowen Basin, over 10 kilometers north of Blackwater in central Queensland. Curragh produces a variety of metallurgical coal products, which are exported globally to a diverse customer base of steelmakers. Curragh is an opencast bituminous coal mining and processing operation consisting of two distinct areas, Curragh North and Curragh Main. The United States operations are located in the Central Appalachian region in Virginia and West Virginia and produce a suite of metallurgical coal products. The company has three producing mining complexes in the United States, which include Buchanan Mine Complex, Logan Mine Complex and Greenbrier Mine Complex. The company serves customers throughout the Asia-Pacific, the Americas and Europe.
Production & Costs: Coronado achieved 16 million tonnes of saleable production in 2025, up 4% year-on-year, with group mining costs reduced by 10% to $97 per tonne and $300 million in annual operating cost savings.
Liquidity & Debt: The company strengthened its liquidity with a new $265 million, 5-year ABL facility and repaid the Oaktree facility, finishing the year with $173 million in available cash and no near-term debt maturities.
Stanwell Support: The reset of the Stanwell agreement is expected to deliver $200–250 million of additional cash flow in 2026, supporting liquidity and protecting against downside.
Operational Improvements: Major expansion projects at Buchanan and Mammoth have increased production capacity and stability, while Curragh’s dragline operations improved cost efficiency.
Strategic Focus: Management is focused on margin maximization, steady-state operations, and deleveraging, with ongoing review of potential minority asset sales and continued disciplined capital allocation.
Market Outlook: Coronado sees improving coal market conditions, with PLV coal prices strengthening into 2026 and the business well positioned to benefit due to its lower cost structure.
