Australian-headquartered, U.S-focused Coronado Global Resources said it will sell its Logan Mining Complex in West Virginia to Phoenix Coal Holdings in a deal with undisclosed financial terms. The miner said it will sell all of its interest to the Kentucky company, owned by Mitch Potter (also owner of Coal-Mac), including coal mining properties, leases, mining permits and related infrastructure, including…
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West Virginia miners face hundreds of layoffs
Greenbrier Minerals, a subsidiary of Coronado Global Resources, has announced plans to idle seven mining operations in southern West Virginia, eliminating 530 jobs, reported West Virginia MetroNews. The company issued a Worker Adjustment and Retraining Notification (WARN) notice that stated the layoffs would begin on April 14 and be permanent. The company blamed the decision on “sustained weakness in the…
Read MoreGreenbrier Minerals to close several WV operations
Greenbrier Minerals, a subsidiary of Coronado Global Resources, has announced plans to idle seven mining operations in southern West Virginia, eliminating 530 jobs, reported West Virginia MetroNews. The company issued a WARN notice that stated the layoffs would begin on April 14 and be permanent. The company blamed the decision on “sustained weakness in the U.S. High-Vol markets.” It said…
Read MoreInvestment group buys majority stake in Coronado
Czech-based investment group Sev.en Global Investments said it will acquire a 51% stake in Coronado Global Resources from the Energy & Minerals Group as it continues to expand its portfolio, reported Reuters. The financial terms of the deal were not disclosed. “We believe that Coronado has established a successful business strategy and we will support the company in continuation of…
Read MorePeabody, Coronado in talks to merge
Following media reports speculating on rumors of a deal, Coronado Global Resources confirmed it is indeed in talks with Peabody Energy regarding a potential transaction.
Read MoreCoronado Coal expanding Virginia met mine
Virginia governor Glenn Youngkin has confirmed plans by Coronado Global Resources to expand the Buchanan complex in Buchanan and Tazewell counties to increase the mine’s capacity. The US$169.1 million project is meant to meet the miner’s growing demand for metallurgical coal. Neither party released the details of the expansion or a timeline for its completion. Youngkin’s office did, however, say…
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