Coronado downgrades yet again

DEALING in coal is not delivering the profits Coronado Global Resources expected when it launched itself on the Australian Securities Exchange, with the big miner being forced to revise down its market guidance for the third time in four months.

Coronado downgrades yet again Coronado downgrades yet again Coronado downgrades yet again Coronado downgrades yet again Coronado downgrades yet again

Coronado is facing a bumpy market.

The company blamed "unanticipated circumstances" that have hurt the global export metallurgical coal market: stalled industrial growth in Europe and South America, falling steel mill utilisation

topics

loader
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.