Response to Media
| Stock | Coronado Global Resources Inc (CRN.ASX) |
|---|---|
| Release Time | 5 Jun 2025, 9:58 a.m. |
| Price Sensitive | Yes |
Coronado in talks with Stanwell on coal supply
- Coronado in confidential discussions with Stanwell regarding potential changes to coal supply agreements
- Potential for up to US$150 million in near-term liquidity to Coronado
- Coronado to provide additional coal supply to support Stanwell's power generation capacity
Coronado Global Resources Inc. (ASX: CRN) has announced that it is in confidential discussions with Stanwell Corporation Limited ('Stanwell') regarding potential changes to its coal supply agreements. The discussions could potentially provide up to US$150 million in near-term liquidity to Coronado, not in the form of a loan, and Coronado would also provide access to additional coal supply to support Stanwell's power generation capacity. The discussions between the parties are ongoing and incomplete, and no final agreement has been reached on the terms. Coronado stated that there is no certainty that a transaction will result, and if a transaction does occur, the timing or terms of such a transaction are uncertain. Coronado will continue to update the market in accordance with its continuous disclosure obligations but does not intend to comment further on the matter.