CAPITAL MARKETS

Trade war hurts Coronado

THE business of selling metallurgical coal has proved less profitable than ASX-listed Coronado Global Resources hoped on listing, with the company taking the scalpel to its 2019 earnings guidance this morning, knocking US$50 million in EBITDA off the lower end of estimates made just two months ago.

 Curragh's expansion continues.

Curragh's expansion continues.

It has reduced EBITDA expectations from US$737-807 million to $687-737 million.   The new guidance comes with a stable production outlook for the company at between 21.2-21.6 million tonnes, and stable...

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