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…
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Peabody, 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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