CAPITAL MARKETS

Red ink marks Coronado results

EVERY metric was down for US-Australian metallurgical coal miner Coronado Global Resources over the past six months – except costs and injury rates – as the declining value of its commodity, sparked due to the crash in the global caused by the emerging COVID-19 pandemic, savaged the miner’s operations.

 Coronado is trying to keep the wheels spinning

Coronado is trying to keep the wheels spinning

The company reported a net loss after tax of US$123 million, almost 160% lower than the year earlier, as earnings plunged 91% to $35 million, and revenue dropped 42% to $713.7 million, while sales fell...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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