Coronado shares jump on asset sale talks
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More news: Shares in Coronado Global Resources lifted after the coal miner confirmed media reports that it has held talks with unnamed parties over potential asset sales.
Coronado shares were up 3.9% to 13.5 cents at 11:35am AEST, but have slumped 88% over the last 12 months.
Coronado Global Resources confirms talks over asset sales
The news: Coal miner Coronado Global Resources has confirmed it has engaged in talks with unnamed parties about a potential sale of a "minority interest in certain assets", but has not received any binding proposal to date.
The context: Coronado's statement came in response to a media report by The Australian on Thursday that said the company was in discussions with an unspecified Indonesian mining group about a sale of assets or the business.
Coronado — which owns the Curragh complex in Queensland's Bowen Basin — said that "from time to time" it engages with other companies in confidential discussions to consider potential transactions as part of its plan to drive shareholder value.
The sources: ASX, The Australian
