Coronado Global Resources in Talks to Sell Minority Stake in Assets

Dow Jones

Jun 27, 2025

By Rhiannon Hoyle

Coronado Global Resources is in talks about the possible sale of a minority interest in some of its assets.

Coronado said Friday that it hasn't received a binding proposal from any potential investor, and hasn't decided whether it will go ahead with a stake sale or any other form of deal.

"Coronado from time to time engages with other companies in confidential discussions to consider potential transactions as part of its plan to drive shareholder value," the company said. It added that it didn't intend to comment further.

The coal miner, with operations in Australia and the U.S., has been grappling with weak prices for steelmaking coal and operational setbacks.

Coronado, which ended May with a cash position of roughly $160 million, closed a $150 million asset-based lending facility this month as it sought to improve liquidity.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

June 26, 2025 21:09 ET (01:09 GMT)

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