Coronado Global Resources Inc. sold its interest in Coronado Coal II LLC (aka the Logan Mining Complex) to Phoenix Coal Holdings, LLC, a Kentucky-based corporation owned by Mitch Potter.

The Logan Mining Complex comprises coal mining properties, leases, mining permits and related infrastructure, including a preparation plant and loadout facility, located in Boone, Logan and Wyoming Counties, West Virginia.

Coronado said that the divestment will reduce ongoing care, maintenance and holding costs associated with the asset; eliminate reclamation and other future obligations associated with the mine; and allow Coronado to focus capital allocation on its core metallurgical coal operations.

“This transaction represents a further step in streamlining Coronado’s portfolio and focusing on our high-quality core assets. The divestment transfers future obligations associated with Logan while enabling us to prioritize capital and operational focus elsewhere,” said Interim CEO Gerry Spindler.

Completion of the transaction is subject to customary closing conditions and is expected to occur in July 2026.