What Coronado Global Resources does

Coronado Global Resources Inc. is a Delaware-incorporated, ASX-listed (ticker CRN) producer of high-quality metallurgical (coking) coal sold to global steel manufacturers across Asia-Pacific, Europe, North America, South America, and Australia. The company operates a portfolio of long-life mining assets in two of the world's most productive met coal basins: the Curragh Complex (including the newly opened Mammoth Underground Mine) in Queensland's Bowen Basin, Australia, and the Buchanan and Logan complexes in Virginia and West Virginia in the Central Appalachian region. Combined saleable production has scaled from less than 0.5 million tonnes in 2013 to over 16 million tonnes in 2022, with key assets carrying approximately 20-year life-of-mine plans.

Mining is conducted via conventional surface (open-cut) and underground methods including draglines, continuous miners, longwall systems (at Buchanan), and bord-and-pillar methods (at Mammoth). Coal is processed through Coal Handling and Preparation Plants (CHPP), and the company has invested in emissions-reduction technology, notably a Ventilation Air Methane (VAM) unit at Buchanan that destroys captured methane at 95% efficiency and a coal-mine-gas beneficial-use project at Curragh. As of end-2024, Coronado employed approximately 1,950 people across Australia and the United States.

Coronado monetizes output through direct, enterprise-scale sales of met coal to steel manufacturers, using long-term supply contracts and spot arrangements with logistics managed through Australian port infrastructure and US rail/port channels. Revenue is benchmark-driven and highly exposed to global met coal prices; the company reported revenue of $2.45B in 2024 (down from $3.54B in 2022), with EBITDA collapsing from $1.18B in 2022 to $80M in 2024. After a two-year expansion program that included the Mammoth Underground and Buchanan expansions, the company entered 2026 with materially higher leverage, prompting a comprehensive operational and financial reset under AlixPartners and a change of CEO and CFO. Management projects up to $640M in additional FY26 cash flow at consensus met coal prices of $220/tonne, supported by cost reductions delivering $165M in annual savings and the reset Stanwell Corporation arrangement.

Name

Coronado Global Resources

Legal name

Coronado Global Resources Inc.

Website

https://coronadoglobal.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Coronado Global Resources is a publicly listed metallurgical coal producer operating the Curragh Complex in Queensland's Bowen Basin and the Buchanan and Logan complexes in Central Appalachia, supplying high-quality coking coal to global steel manufacturers across five continents.

Ownership category

akta.pro rank

Product category

Metallurgical Coal Mining

NAICS

Coal Mining (2121), Surface Coal Mining (212114), Underground Coal Mining (212115)

SIC

Bituminous Coal & Lignite Mining (1220), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industries

Coal Extraction Operations (Surface & Underground) (IMAKAIAG), Coal Preparation & Beneficiation (Washing, Crushing, Screening) (IMAKAIAH)

Keywords

• Metallurgical coal mining
• Coking coal production
• Steelmaking coal supply
• Bulk coal exports
• Underground coal operations

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Metallurgical Coal Sales: Coronado generates revenue primarily through the extraction, processing, and sale of metallurgical (coking) coal to steel manufacturers globally. The company sells a suite of met coal products across Asia-Pacific, the Americas, and Europe. Revenue is sensitive to global met coal benchmark pricing, with management projecting up to $640 million in additional cash flow at consensus coal prices of $220 per tonne. Weaker metallurgical coal markets over the past 18 months have pressured earnings, prompting cost reduction and operational reset initiatives.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Coronado Global Resources extracts, processes, and exports high-quality metallurgical (coking) coal from its mining operations in Queensland's Bowen Basin (Australia) and Central Appalachia (USA) for sale to global steel manufacturers. Its core products are a suite of met coal grades (including low-vol and high-vol) used as essential inputs in blast furnace steelmaking for construction, renewable energy infrastructure, transportation, electrical equipment, and appliances. The integrated operation spans open-cut and underground mining, coal processing via CHPP facilities, and export through port infrastructure.

Product overview

Coronado Global Resources is a leading producer of high-quality metallurgical (coking) coal for the steel industry. The company operates a portfolio of mining assets across two major coal basins: the Bowen Basin in Queensland, Australia (Curragh Complex including Mammoth Underground Mine) and the Central Appalachian region in the United States (Buchanan Complex and Logan Complex). The product portfolio centers on metallurgical coal - a critical input for steel production - sold to customers across Asia-Pacific, the Americas, and Europe. Coronado's integrated operations span coal extraction, processing (via Coal Handling and Preparation Plants), and export, supported by environmental technologies like Ventilation Air Methane (VAM) for emissions reduction. The company also operates talent development programs including graduate and apprentice programs, and provides employee access to online learning platforms (Go1, edX).

Differentiator

Problem solved

Functional benefit

Products and services

• Metallurgical Coal (Met Coal)

Quantifiable outcome

• Mining costs per tonne decreased 34% at Curragh and 50% at Buchanan, representing $165 million in annual savings
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Stanwell CorporationcoreStrategic or Co-development Partner · 28 October 2025Coronado proposed entering a transaction with Stanwell Corporation, an Australian energy company. The reset Stanwell arrangement is cited as a key structural improvement driving additional cash inflows for FY2026, representing one of the company's strategic commercial arrangements.
• Talisman PartnerscoreStrategic or Co-development Partner · 19 December 2024Coronado partnered with Talisman Partners to develop and operate the Mammoth Underground Mine in Queensland's Bowen Basin. The mine officially opened in December 2024 with 41 million ROM tonnes of reserves and Phase 1 production capacity of 1.5-2.0 Mtpa. This partnership represents a key growth initiative for Coronado's Australian underground operations.
• Bluefield State UniversityminorStrategic or Co-development PartnerCoronado partnered with Bluefield State University in West Virginia to support the re-establishment of their mining program. The partnership includes annual scholarships for engineering students, key internship opportunities, and Coronado leaders teaching mining-related courses and providing curriculum input. The partnership supports Coronado's succession planning for its US operations.
• Australasian Institute of Mining and Metallurgy (AusIMM)minorStrategic or Co-development PartnerCoronado's graduate discovery program includes a 12-month mentoring program through AusIMM, connecting graduates with experienced resource professionals across Australia to enhance career growth and industry knowledge.
• Australian Coal Association Research Fund (ACARP)minorStrategic or Co-development PartnerCoronado participates in ACARP, a collaborative research program for Australian met and thermal coal producers. Vice President Technical Development Anthony De Domenico serves as a director on the Australian Coal Research Board, and Technical Manager Sean Flanagan serves on the Technical Marketing Support committee. Research focuses on met coal properties, market acceptance, and low-carbon steelmaking technologies.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• CONSOL Energy: Major US coal producer that previously owned and sold the Buchanan Mine to Coronado in 2016. Highly comparable on US Appalachian operating footprint, product profile, and historical relationship to Coronado's asset base.
• Teck Resources (steelmaking coal segment): Canadian miner with a major steelmaking coal business in British Columbia's Elk Valley, now being sold to Glencore. Closest global pure-play met coal peer to Coronado on product type, export orientation to Asia-Pacific steelmakers, and reserve life.
• Warrior Met Coal: Pure-play US metallurgical coal producer with mines in Alabama, focused on premium hard coking coal for global steelmakers. Closest comparable to Coronado's Buchanan and Logan complexes given shared product (met coal), customer base (steel mills), and exposure to seaborne met coal pricing.
• Alpha Metallurgical Resources: Largest US producer of metallurgical coal for the steel industry, operating in Central Appalachia (Virginia and West Virginia). Highly comparable to Coronado on geography (overlap with Buchanan/Logan region), product mix (met coal), and end-market exposure to global steelmakers.
• Arch Resources: Major US coal producer with significant metallurgical coal exposure alongside thermal coal. Comparable to Coronado in product mix, US-based operations in Appalachia, and exposure to global seaborne met coal markets.
• New Hope Corporation: Australian coal producer with operations in the Bowen Basin (Bengalla) producing thermal coal for export. Comparable to Coronado on Australian geography and ASX-listed coal exposure, though primarily thermal rather than metallurgical.
• Whitehaven Coal: Australia's largest independent coal producer with mines in New South Wales and Queensland producing metallurgical and thermal coal. Comparable to Coronado on Australian geography, product mix, and export orientation to Asian steel and energy markets.
• Yancoal Australia: Australia's largest coal producer operating multiple mines across NSW and Queensland producing thermal and metallurgical coal. Comparable to Coronado on Australian geography, ASX listing, coal exposure, and export markets, with broader thermal coal mix.

Broad incumbents

• Peabody Energy: Largest US coal producer with global operations across metallurgical and thermal coal. Comparable to Coronado on met coal exposure and customer base, but substantially larger and more diversified by geography and product.
• BHP Mitsubishi Alliance (BMA): JV between BHP and Mitsubishi producing metallurgical coal in Queensland's Bowen Basin. Directly comparable to Coronado's Curragh and Mammoth operations on basin, product (met coal), and customer base, but vastly larger and operated by diversified majors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/people/Coronado-Global-Resources-Inc/100088239186146
• LinkedInau.linkedin.com/company/coronado-global-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coronado Global Resources