Coronado Global Resources sinks after reporting mine fatality
Make us a preferred source
Make us a preferred source on Google
The news: Shares in Coronado Global Resources plunged at the open after the coal producer confirmed the death of a worker at its Mammoth underground mine in Queensland.
The numbers: Coronado shares were down 18.1% to 29.5 cents at 10:40am AEDT.
The context: The Brisbane-based miner said it is "deeply saddened by this tragic event". The news comes shortly after the company confirmed the death of another employee working at its Logan mining complex in the US on 19 December.
The Mammoth underground mine is located within Coronado's Curragh mine complex, 10 kilometres north of the town of Blackwater.
Coronado said it is providing support to the contracted coal mine operator, Mammoth Underground Mine Management, which is currently working with relevant authorities at the site to understand the cause of the incident.
Operations at the mine remain suspended. Operations at Coronado's open cut mines Curragh North and Curragh South were idled for 24 hours and have recommenced normal operations.
The source: ASX
