Coal news and updates

Key Coronado shareholder doesn’t want Peabody’s shares

Washington| One of the largest retail shareholders in ASX-listed coal producer Coronado Global Resources says any takeover deal by US giant Peabody using scrip instead of cash would be unappealing because it leaves investors with too much exposure to thermal coal.

The comments from Queensland farmer and philanthropist Lyn Brazil, who owns about $5.5 million in Coronado stock, come as Coronado is due to update investors on Monday on the status of discussions with the US miner, which it revealed this month.