SURFACE

Coronado cuts guidance. Blames it on the rain and Qld royalties

Idling a fleet to mitigate weather and royalty-induced cost impacts

Fleet will be idled at Curragh to help cut costs and mitigate weather impacts. Credit: Coronado Global Resources

Fleet will be idled at Curragh to help cut costs and mitigate weather impacts. Credit: Coronado Global Resources

Metallurgical coal miner Coronado Global Resources has cut its saleable production guidance for the 2024 financial year from 16.4-17.2 million tonnes to 15.4-16Mt and upped average mining cost per tonne...

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