Coronado Global Resources (ASX:CRN) secured a $150 million asset-based lending facility, according to a Wednesday filing with the Australian bourse.
Earlier this month, the company and Queensland government-owned energy company Stanwell entered a deal in which Stanwell will provide up to $150 million in near-term liquidity in exchange for up to 800,000 tonnes per annum of thermal coal over five years starting in 2027.
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