Coronado Global Resources Inc: Q3 2023 Quarterly Activities

Coronado Global Resources Inc. (ASX: CRN) reported strong safety performance in its Q3 2023 Activities Report, highlighting a significant improvement in safety performance with a Q3 Total Recordable Injury Rate (TRIR) of 0.91, marking a 32.0% year-over-year improvement and the lowest TRIR since April 2018. Notable achievements include a 6.7% increase in year-to-date Curragh total waste movement, reaching a record high of 51.7 Mbcms in the September quarter. The company reported growth in coal production, with year-to-date Group ROM coal production up by 3.7% and Group Saleable production up by 2.2% compared to the prior year. The company is making strides in emissions reduction, with the installation of a second emissions reduction VAM unit.

Financially, Coronado reported a strong cash position and capital expenditure in line with expansion plans. Two new Independent Non-Executive Directors were appointed, and Sev.en Global Investments' potential acquisition of EMG's interest in Coronado was announced. In the coal sales and markets sector, Group Sales volumes for the September quarter increased by 3.4% compared to the June quarter, and the YTD Realized Price Per Tonne of Met Coal Sold was AU$221.5 per tonne, reflecting a 78.1% realization on the YTD average PLV HCC FOB AUS index price.

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