Original article by Matt Chambers, Samantha Bailey
The Australian – Page: 21 : 24-Oct-18

Coronado Coal has a market capitalisation of around $3.5bn after the stock closed at $3.60 on its first day of trading on the Australian sharemarket. Shares in Coronado were issued at $4 apiece, at the bottom end of the indicative range of between $4 and $4.80 in its prospectus. Coronado acquired the Curragh coking and thermal coal mine in Queensland from Wesfarmers earlier in 2018, while it also owns coking coal mines in the US.

CORPORATES
CORONADO GLOBAL RESOURCES INCORPORATED – ASX CRN, WESFARMERS LIMITED – ASX WES, SHAW AND PARTNERS LIMITED, WHITEHAVEN COAL LIMITED – ASX WHC, YANCOAL AUSTRALIA LIMITED – ASX YAL, NEW HOPE CORPORATION LIMITED – ASX NHC, STANMORE COAL LIMITED – ASX SMR, ENERGY AND MINERALS GROUP, ATLAS FUNDS MANAGEMENT PTY LTD, BHP BILLITON LIMITED – ASX BHP, STANWELL CORPORATION LIMITED, GOLDMAN SACHS AUSTRALIA PTY LTD, BELL POTTER SECURITIES LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD

Original article by Peter Ker
The Australian Financial Review – Page: 17 : 23-Oct-18

Many Australian fund managers chose not to participate in the IPO of Coronado Global Resources, forcing private equity firm Energy & Minerals Group to scale back the size of the raising and the issue price of Coronado share. Some resources-focused fund managers are said to have taken the view that Coronado’s offer price was less compelling than similar IPOs, while its commitment to pay out all free cash flows in its first year as dividends is also believed to have been a concern.

CORPORATES
CORONADO GLOBAL RESOURCES INCORPORATED – ASX CRN, ENERGY AND MINERALS GROUP, SHAW AND PARTNERS LIMITED, JANUS HENDERSON GROUP PLC – ASX JHG, PEABODY ENERGY CORPORATION

Original article by James Frost
The Australian Financial Review – Page: 18 : 22-Oct-18

Coronado Global Resources is slated to commence trading on the Australian sharemarket on 23 October. The IPO raised $774m and was oversubscribed, although Coronado had scaled back the size of the offering from an initial target of $1.4m. Metallurgical coal accounted for about 75 per cent of Coronado’s total production in 2017. The company owns coal mines in Queensland’s Bowen Basin and the US state of Virginia. Energy & Minerals Group (EMG) will retain a stake of up to 78.9 per cent in Coronado.

CORPORATES
CORONADO GLOBAL RESOURCES INCORPORATED – ASX CRN, ENERGY AND MINERALS GROUP, THE GOLDMAN SACHS GROUP INCORPORATED, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, BELL POTTER SECURITIES LIMITED, HERBERT SMITH FREEHILLS PTY LTD, SULLIVAN AND CROMWELL, WHITEHALL ASSOCIATES, NEW HOPE COAL AUSTRALIA, YANCOAL AUSTRALIA LIMITED – ASX YAL