How One Australian Coal Giant Turned China’s Ban Into a Win
- Diversity pays as revenue in quarter rises more than a third
- Sydney-listed group has mines in the U.S. and Queensland
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China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources Inc., one of the world’s top producers of the metallurgical variety that’s key to steelmaking.
With mines from the Appalachian mountains in the U.S. to Australia’s Bowen Basin, geographical diversity helped to drive a 37% jump in Coronado’s realized prices for the September quarter that saw its revenue in the period rise by more than a third.