Coronado, major Australian coal producer, has cut its production guidance once again amid heavy rainfall in the Curragh operations in Queensland. The company had already reduced its production guidance of 18-19 mnt in October to 16.9-17.1 mnt of coal. The company is left with the target of at least 5.3 mnt for Oct-Dec, but has announced its inability to achieve target due to rains.
Leave a Reply