Coronado Engages in Talks with Stanwell for Coal Supply Agreement Revisions

An update from Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) is now available.

Coronado Global Resources Inc. has confirmed ongoing confidential discussions with Stanwell Corporation Limited regarding potential modifications to their coal supply agreements. These changes aim to provide Coronado with up to US$150 million in near-term liquidity, while ensuring Stanwell gains additional coal supply to bolster its power generation capabilities. Although discussions are still in progress and no definitive agreement has been reached, the potential deal could significantly impact Coronado’s financial position and operational capacity, influencing its market stance and stakeholder interests.

The most recent analyst rating on (AU:CRN) stock is a Buy with a A$0.31 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.

More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh

Coronado Global Resources Inc. operates in the coal industry, primarily focusing on the production and supply of metallurgical coal, which is a key component in steel manufacturing. The company is positioned to serve both domestic and international markets, leveraging its resources to support power generation and industrial applications.

Average Trading Volume: 12,820,342

Technical Sentiment Signal: Sell

Current Market Cap: A$176M

For an in-depth examination of CRN stock, go to TipRanks’ Stock Analysis page.