Coronado eyes best day in over 1-1/2 years as rival Anglo American suspends Aussie mine operations

Coronado Global Resources

01/07/2024 03:12

** Shares of Australia's Coronado Global Resources  CRN.AX 
rise as much as 10.8% to A$1.31, set for best intraday gain
since Nov 2022
    ** Anglo American  AAL.L , British multinational miner and
Coronado's bigger rival, suspended production at its Queensland
coal mine in Australia and closed the site due to an underground
fire
    ** CRN top gainer on Australia's  .AXJO  benchmark index,
which is down 0.4%
    ** CRN hits highest since March 11
    ** Stock has fallen 32.7% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))