CRN 2.37% $1.19 coronado global resources inc.

Thermal coal from Curragh which is not a lot is supplied to...

  1. 1,349 Posts.
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    Thermal coal from Curragh which is not a lot is supplied to Stanwell (government owned)
    I can't see it affecting CRN too much given the arbitrage they have been achieving from met to thermal to export markets.

    "The uncertainty caused by the federal government’s plan to impose a price cap in the eastern Australian gas market has already destroyed the confidence both buyers and sellers need in order to complete the transactions that will ensure energy supplies to households and businesses,” a Woodside spokesperson said.Coal producers that will be affected include Glencore Plc , Banpu Resources Australia, a unit of Banpu PCL , Coronado Global Resources and Peabody Corp , which supply coal to power plants in New South Wales and Queensland states.
 
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