The company's metallurgical coal exports were poised to benefit when the steel market bounces back.
Coronado's Curragh mine has not been affected by COVID-19 so far.
The result was helped by the mobilisation of more fleets to recover lost production and overburden.
Recent industrywide safety resets refocused on the importance of applying risk management processes....
Coronado has a flexible, low cost operations with demonstrated track record of producing.
2020 a bad year for coal.
The company could reduce the operating cost base by curtailing overheads.
Curragh's expansion plans and the capital cost associated with the expansion have been deferred.
COVID-19 considered the main cause for the softer prices.
Managed 11% increase on the March quarter.
Current metallurgical coal prices have seen a major dislocation caused by COVID-19.
Curragh was operating well under the new work practices, and was continuing to supply coal.