SYDNEY: China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources Inc, one of the world’s top producers of the metallurgical variety that’s key to steelmaking.
With mines from the Appalachian mountains in the United States to Australia’s Bowen Basin, geographical diversity helped to drive a 37% jump in Coronado’s realised prices for the September quarter that saw its revenue in the period rise by more than a third.
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