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.
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Coronado 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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