Coronado Global Resources Inc.

Coronado Global Resources Inc. is a metallurgical coal producer with operating assets in Australia and the United States. It mines, markets and sells high-quality met coal products used mainly in steelmaking, while also selling smaller volumes of thermal coal and by-product coal from its operations.

21,8 %

−22,2 %

−22,2 %

1.55

1.12

— Coronado Global Resources Inc.
%
Metallurgical coal96% Premium coking coal products sold to steelmakers for coke and steel production.
Thermal coal4% Lower-volume thermal coal sold mainly under domestic contract and some export sales.

Coronado sells primarily to steelmakers and steel-related intermediaries that need consistent met coal quality for...

  • Steelmakers and blast furnace operatorsprimary

    Buy HCC, SCC/SSCC and PCI coal for coke blends and ironmaking; they value quality consistency and coking performance.

  • Industrial coal buyers and utilitiessecondary

    Buy thermal coal for power generation, mainly through the Stanwell contract and limited export sales.

  • Traders and intermediariessecondary

    Purchase or facilitate sales of coal into global markets when direct end-user sales are not practical.

Coronado operates a dual-region mining footprint in Australia and the United States, with Australia contributing 60...

  • •Australia generated 60.8% of 2025 revenue
  • •U.S. operations provide the remaining revenue base
  • •Seaborne met coal is sold into Asia, Europe and Brazil
  • •Domestic Australian thermal coal is sold to Stanwell
  • •Rail, port and shipping access are critical to market reach

Coronado is focused on maximizing value from its met coal portfolio through product quality, customer diversification...

01
Improve operating performance at existing minesshort-term

Higher productivity and lower unit costs support margins in a cyclical coal market.

02
Invest in organic growth and mine lifemedium-term

Sustaining reserve access and production capacity is essential to long-term cash generation.

03
Reduce emissions intensity and energy exposuremedium-term

Climate and carbon costs can affect operating economics, permitting and financing access.

Coronado is exposed to coal price volatility, customer concentration and the operational complexity of running mines,...

high

Customer concentration

Top ten customers represented 68.7% of 2025 revenue, so lost contracts would quickly reduce sales.

Scope
Tata Steel and ArcelorMittal were 18.2% and 12.4% of 2025 revenue.
Materiality
high
high

Coal price and demand cyclicality

Most sales are priced on daily indices, quarterly resets or annual contracts, so market swings flow through quickly.

Scope
Met coal demand is tied to steel production in Asia, Europe and the Americas.
Materiality
high
high

Operational and logistics disruption

The company depends on mine availability plus rail and port infrastructure to deliver coal on time.

Scope
Take-or-pay rail and port commitments and transport availability.
Materiality
high
high

Environmental and climate regulation

Mining is heavily regulated and carbon-pricing assumptions can affect project economics and compliance costs.

Scope
Australia and U.S. operations, fugitive methane and diesel emissions.
Materiality
high
high

Financing and liquidity constraints

The business requires ongoing capital expenditure and may need debt or equity funding to sustain operations.

Scope
Refinancing risk and access to capital markets.
Materiality
high
Reserve and mine-life estimates
Changes can alter depreciation, depletion and impairment conclusions
Impairment of mining assets
Could create material non-cash charges
Asset retirement obligations
Affects liabilities and future expense recognition
Revenue recognition under coal contracts
Can create timing differences in reported revenue and margins
Freight, royalties and rebates
Affects operating margin comparability across regions

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: 28/04/2026