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Coronado Global Resources Clarifies Minor Incident at Buchanan Complex

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Coronado Global Resources Clarifies Minor Incident at Buchanan Complex

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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) just unveiled an update.

Coronado Global Resources Inc. addressed recent media reports about a minor roof fall at its Buchanan Complex in the U.S. The company clarified that the incident was not a coal seam collapse and had an immaterial impact on production, with operations continuing in the southern district. Coronado emphasized its commitment to transparency and maintaining compliance with disclosure obligations, ensuring stakeholders that the incident does not have a long-term material impact on its operations.

The most recent analyst rating on (AU:CRN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.

More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh

Coronado Global Resources Inc. operates in the mining industry, focusing on the production of metallurgical coal. The company is known for its operations in the Buchanan Complex in the U.S., where it utilizes dual longwall mining techniques.

Average Trading Volume: 13,958,564

Technical Sentiment Signal: Sell

Current Market Cap: A$536.5M

Learn more about CRN stock on TipRanks’ Stock Analysis page.

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