BUZZ-Australia's Coronado Global rises on mining approval for Queensland project
Reuters
Dec 12, 2024
** Shares of Coronado Global Resources rise as much as 2.9% to A$0.89, their highest levels since Dec 4
** The metallurgical coal producer's unit Coronado Curragh gets regulatory approvals to start underground mining operations at its Mammoth underground mine in Curragh Mining Complex
** Curragh currently comprises two open cut mines at Blackwater in Queensland's Bowen Basin
** Says cutting of first coal is scheduled for Dec 19
** Says Mammoth mine will mark co's first foray into underground mining in Australia
** Stock has fallen 50.9% this year, as of last close
(Reporting by Namrata Verma in Bengaluru)
((namrata.verma@thomsonreuters.com))
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