
Effects of China coal ban 'resolving' as price lifts, says Coronado
Coal miner Coronado said the distortion in coal pricing caused by trade bans from China appeared to have been resolved.
Coal miner Coronado said the distortion in coal pricing caused by trade bans from China appeared to have been resolved.
Curragh mine owners Coronado Coal have lamented a year of “black swan” events that dashed its optimism of charging through 2020 despite the pandemic.
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The State Government has allowed Clive Palmer’s controversial central Queensland coal project to move to an assessment report stage.
Coal producers who don’t sell to China have still been heavily hit by its coal bans, with prices in Australia falling by 27 per cent in December as the impact flowed through.
Brisbane-based Coronado is likely to have former Xstrata boss Sir Mick Davis on its board after a nomination from its biggest shareholder Energy and Minerals Group.