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CORONADO GLOBAL RESOURCES INC. — Capital/Financing Update 2021
Aug 15, 2021
64707_rns_2021-08-15_12288d25-1e72-4577-a63e-70590362fced.pdf
Capital/Financing Update
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ASX Announcement
16 August 2021
Coronado signs Letter of Intent for Curragh Mine Contract Extension
Coronado Global Resources Inc. (Coronado or the Company, ASX: CRN) today announces that a Letter of Intent (LOI) has been signed by its wholly owned subsidiary Coronado Curragh Pty Ltd (Curragh) with Golding Contractors Pty Ltd (Golding), a wholly owned subsidiary of NRW Holdings Limited (ASX:NWH), to extend the current Mining Services Contract (MSC) for the Curragh Mine beyond 30 September 2021.
Under the terms of the LOI, the MSC continues such that negotiations underway in respect of a Proposed Amended Contract (PAC) can be completed with the intention, subject to agreement as to terms, to extend the relationship with Golding to 31 December 2026.
Approximately 500 people will continue to be employed by Golding to provide the mining services to the Company, most of which live in the Central Queensland region.
Managing Director and Chief Executive officer, Gerry Spindler said: “Today’s announcement ensures continuity of services at Curragh Main while giving both parties the opportunity to work together to negotiate productivity and other enhancements that will aim to benefit both parties. This LOI extends our important relationship with Golding established at Curragh Main since 2014”.
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This announcement was authorised for release by the Disclosure Committee of Coronado Global Resources Inc.
For further information please contact:
Investors
Andrew Mooney P: +61 458 666 639 E: [email protected]
Media
Brett Clegg Citadel Magnus P: +61 487 436 985
Coronado Global Resources Inc. ARBN: 628 199 468
Level 33, Central Plaza One, 345 Queen Street Brisbane QLD 4000
T: +61 7 3031 7777 | F: +61 7 3229 7402 www.coronadoglobal.com