Coronado to Sell Logan Mining Complex
Key points
- Coronado Global Resources Inc. to sell Logan Mining Complex
- Sale to Phoenix Coal Holdings, LLC owned by Mitch Potter
- Expected to be free cash flow positive and reduce costs
- Transaction expected to close in July 2026
Full summary
Coronado Global Resources Inc. (ASX: CRN) has announced the sale of its Logan Mining Complex in West Virginia to Phoenix Coal Holdings, LLC, a Kentucky-based company owned by Mitch Potter. The transaction involves the sale of all assets, including coal mining properties, leases, and infrastructure, for nominal cash consideration and the assumption of certain liabilities. This move is expected to be free cash flow positive by eliminating ongoing holding costs and future obligations, aligning with Coronado's strategy to optimize its asset portfolio and focus on higher-return operations. The transaction is subject to customary closing conditions and is expected to complete in July 2026.
Outlook
Coronado expects the transaction to be free cash flow positive and reduce ongoing costs.
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