Coronado Global Resources (CODQL) 10-Q 9 Aug 21 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Entity Information [Line Items]
Entity Registrant Name	Coronado Global Resources Inc.
Entity Central Index Key	0001770561
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Shell Company	false
Document Period End Date	Jun. 30, 2021
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		167,645,373
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity File Number	1-16247
Entity Tax Identification Number	83-1780608
Entity Incorporation State Country Code	DE
Entity Address Address Line1	Level 33, Central Plaza One
Entity Address Address Line 2	345 Queen Street
Entity Address City Or Town	Brisbane, Queensland
Entity Address Country	AU
Entity Address Postal Zip Code	4000
City Area Code	61
Local Phone Number	7 3031 7777

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and restricted cash	$ 113,661	$ 45,736
Trade receivables	209,184	175,206
Related party trade receivables	0	81,970
Income tax receivable	19,432	20,325
Inventories	119,953	110,135
Other current assets	48,465	44,006
Assets held for sale	50,923	52,524
Total current assets	561,618	529,902
Non-current assets:
Property, plant and equipment, net	1,463,505	1,521,508
Right of use asset - operating leases, net	16,901	19,498
Goodwill	28,008	28,008
Intangible assets, net	4,115	4,217
Restricted deposits and reclamation bonds	72,709	8,425
Deferred income tax assets	0	24,654
Other non-current assets	9,731	12,264
Total assets	2,156,587	2,148,476
Current liabilities:
Accounts payable	100,458	74,651
Accrued expenses and other current liabilities	229,264	234,526
Income tax payable	0	0
Asset retirement obligations	5,896	6,012
Contract obligations	39,426	40,295
Lease liabilities	8,459	8,414
Other current financial liabilities	17,994	7,129
LIabilities held for sale	16,092	16,719
Total current liabilities	417,589	387,746
Non-current liabilities:
Asset retirement obligations	117,825	116,132
Contract obligations	165,417	185,823
Deferred consideration liability	224,545	216,513
Interest bearing liabilities	332,134	327,625
Other financial liabilities	16,403	0
Lease liabilities	16,886	20,582
Deferred income tax liabilities	33,604	64,366
Other non-current liabilities	26,872	22,826
Total liabilities	1,351,275	1,341,613
Common stock $0.01 par value; 1,000,000,000 shares authorized, 167,645,373 shares issued and outstanding as of June 30, 2021 and 138,387,890 shares issued and outstanding as of December 31, 2020	1,677	1,384
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of June 30, 2021 and December 31, 2020	0	0
Additional paid-in capital	1,089,996	993,052
Accumulated other comprehensive losses	(31,387)	(28,806)
Accumulated losses	(254,974)	(158,919)
Coronado Global Resources Inc. stockholders equity	805,312	806,711
Noncontrolling interest	0	152
Total stockholders' equity	805,312	806,863
Total liabilities and stockholders' equity	$ 2,156,587	$ 2,148,476

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	167,645,373	138,387,890
Common stock, shares outstanding (in shares)	167,645,373	138,387,890
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	1	1
Preferred stock, shares outstanding (in shares)	1	1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Revenues	$ 424,256,000	$ 304,348,000	$ 800,367,000	$ 713,666,000
Costs and expenses:
Cost of coal revenues (exclusive of items shown separately below)	306,155,000	224,459,000	580,258,000	481,345,000
Depreciation, depletion and amortization	41,212,000	41,547,000	94,293,000	86,849,000
Freight expenses	55,906,000	40,504,000	108,047,000	82,886,000
Stanwell rebate	15,076,000	24,787,000	30,895,000	57,415,000
Other royalties	23,173,000	19,157,000	44,120,000	43,455,000
Selling, general, and administrative expenses	7,431,000	7,158,000	13,206,000	13,353,000
Restructuring costs	2,300,000	0	2,300,000	0
Total costs and expenses	451,253,000	357,612,000	873,119,000	765,303,000
Operating loss	(26,997,000)	(53,264,000)	(72,752,000)	(51,637,000)
Other income (expense):
Interest expense, net	(16,596,000)	(12,064,000)	(31,731,000)	(24,318,000)
Loss on debt extinguishment	(5,744,000)	0	(5,744,000)	0
Impairment of assets	0	63,111,000	0	(63,111,000)
Unwind of discounting and credit losses	1,866,000	0	5,644,000	0
Other, net	570,000	(8,537,000)	(2,358,000)	(4,485,000)
Total other expense, net	(19,904,000)	(83,712,000)	(34,189,000)	(91,914,000)
Loss before tax	(46,901,000)	(136,976,000)	(106,941,000)	(143,551,000)
Income tax (expense) benefit	(8,184,000)	22,646,000	(10,884,000)	(20,355,000)
Net loss	(55,085,000)	(114,330,000)	(96,057,000)	(123,196,000)
Less: Net loss attributable to noncontrolling interest	0	(2,000)	(2,000)	(4,000)
Net loss attributable to Coronado Global Resources Inc.	(55,085,000)	(114,328,000)	(96,055,000)	(123,192,000)
Other comprehensive income, net of income taxes:
Foreign currency translation adjustment	(4,221,000)	39,161,000	(8,830,000)	(14,406,000)
Net gain (loss) on cash flow hedges, net of tax	1,323,000	19,546,000	6,249,000	(14,646,000)
Total net current-period other comprehensive gain (loss)	(2,898,000)	58,707,000	(2,581,000)	(29,052,000)
Total comprehensive income	(57,983,000)	(55,623,000)	(98,638,000)	(152,248,000)
Less: Net loss attributable to noncontrolling interest	0	(2,000)	(2,000)	(4,000)
Total comprehensive loss attributable to Coronado Global Resources, Inc.	$ (57,983,000)	$ (55,621,000)	$ (98,636,000)	$ (152,244,000)
Loss per share of common stock
Basic	$ (0.36)	$ (1.18)	$ (0.66)	$ (1.27)
Diluted	$ (0.36)	$ (1.18)	$ (0.66)	$ (1.27)
Coal Revenues [Member]
Revenues:
Revenues	$ 384,470,000	$ 286,206,000	$ 683,631,000	$ 605,699,000
Coal Revenues From Related Parties [Member]
Revenues:
Revenues	29,294,000	9,000,000	97,335,000	89,118,000
Other Revenues [Member]
Revenues:
Revenues	$ 10,492,000	$ 9,142,000	$ 19,401,000	$ 18,849,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid in Capital [Member]	Accumulated Other Comprehensive Losses [Member]	Retained earnings	Noncontrolling Interest [Member]
Balance, beginning of period at Dec. 31, 2019	$ 867,941,000	$ 967,000		$ 820,247,000	$ (45,206,000)	$ 91,712,000	$ 221,000
Balance, beginning of period, shares at Dec. 31, 2019		96,651,692	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(8,865,000)					(8,863,000)	(2,000)
Other comprehensive income (loss)	(87,759,000)				(87,759,000)
Total comprehensive income (loss)	(96,624,000)				$ (87,759,000)	(8,863,000)	(2,000)
Share-based compensation for equity classified awards	148,000			$ 148,000
Dividends paid	(24,163,000)					(24,163,000)
Balance, end of period at Mar. 31, 2020	747,302,000	$ 967,000				58,686,000	219,000
Balance, end of period, shares at Mar. 31, 2020		96,651,692	1	820,395	(132,965)
Balance, beginning of period at Dec. 31, 2019	867,941,000	$ 967,000		$ 820,247,000	$ (45,206,000)	91,712,000	221,000
Balance, beginning of period, shares at Dec. 31, 2019		96,651,692	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(123,196,000)
Other comprehensive income (loss)	(29,052,000)
Total comprehensive income (loss)	(152,248,000)
Balance, end of period at Jun. 30, 2020	691,927,000	$ 967,000		$ 820,643,000	$ (74,258,000)	(55,642,000)	217,000
Balance, end of period, shares at Jun. 30, 2020		96,651,692	1
Balance, beginning of period at Mar. 31, 2020	747,302,000	$ 967,000				58,686,000	219,000
Balance, beginning of period, shares at Mar. 31, 2020		96,651,692	1	820,395	(132,965)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(114,330,000)					(114,328,000)	(2,000)
Other comprehensive income (loss)	58,707,000				$ 58,707,000
Total comprehensive income (loss)	(55,623,000)				58,707,000	(114,328,000)	(2,000)
Share-based compensation for equity classified awards	248,000			$ 248,000
Balance, end of period at Jun. 30, 2020	691,927,000	$ 967,000		820,643,000	(74,258,000)	(55,642,000)	217,000
Balance, end of period, shares at Jun. 30, 2020		96,651,692	1
Balance, beginning of period at Dec. 31, 2020	806,863,000	$ 1,384,000		993,052,000	(28,806,000)	(158,919,000)	152,000
Balance, beginning of period, shares at Dec. 31, 2020		138,387,890	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(40,972,000)					(40,970,000)	(2,000)
Other comprehensive income (loss)	317,000				317,000
Total comprehensive income (loss)	(40,655,000)				317,000	(40,970,000)	(2,000)
Share-based compensation for equity classified awards	(538,000)			(538,000)
Acquisition of noncontrolling interest	(853,000)			(703,000)			(150,000)
Balance, end of period at Mar. 31, 2021	764,817,000	$ 1,384,000		991,811,000	(28,489,000)	(199,889,000)	0
Balance, end of period, shares at Mar. 31, 2021		138,387,890	1
Balance, beginning of period at Dec. 31, 2020	806,863,000	$ 1,384,000		993,052,000	(28,806,000)	(158,919,000)	152,000
Balance, beginning of period, shares at Dec. 31, 2020		138,387,890	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(96,057,000)
Other comprehensive income (loss)	(2,581,000)
Total comprehensive income (loss)	(98,638,000)
Balance, end of period at Jun. 30, 2021	805,312,000	$ 1,677,000		1,089,996,000	(31,387,000)	(254,974,000)	0
Balance, end of period, shares at Jun. 30, 2021		167,645,373	1
Balance, beginning of period at Mar. 31, 2021	764,817,000	$ 1,384,000		991,811,000	(28,489,000)	(199,889,000)	0
Balance, beginning of period, shares at Mar. 31, 2021		138,387,890	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net, shares		29,257,483
Issuance of common stock, net	97,741,000	$ 293,000		97,448,000
Net loss	(55,085,000)					(55,085,000)
Other comprehensive income (loss)	(2,898,000)				(2,898,000)
Total comprehensive income (loss)	(57,983,000)				(2,898,000)	(55,085,000)
Share-based compensation for equity classified awards	737,000			737,000
Balance, end of period at Jun. 30, 2021	$ 805,312,000	$ 1,677,000		$ 1,089,996,000	$ (31,387,000)	$ (254,974,000)	$ 0
Balance, end of period, shares at Jun. 30, 2021		167,645,373	1

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021
Condensed Consolidated Statements of Stockholders' Equity [Abstract]
Other comprehensive income loss tax	$ 24	$ 2,111	$ 6,534	$ 13,781	$ 2,135

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (96,057,000)	$ (123,196,000)
Adjustments to reconcile net income to cash and restricted cash provided by operating activities:
Depreciation, depletion and amortization	94,293,000	86,849,000
Impairment of assets	0	63,111,000
Amortization of right of use asset - operating leases	4,478,000	9,387,000
Amortization of deferred financing costs	2,491,000	2,751,000
Loss on debt extinguishment	(5,744,000)	0
Non-cash interest expense	13,544,000	10,266,000
Amortization of contract obligations	(16,747,000)	(14,794,000)
Loss on disposal of property, plant and equipment	529,000	208,000
Decrease in contingent royalty consideration	0	(1,543,000)
Gain on operating lease derecognition	0	1,180,000
Equity-based compensation expense	199,000	396,000
Deferred income taxes	(7,031,000)	(6,302,000)
Reclamation of asset retirement obligations	(1,562,000)	(1,574,000)
Unwind of discounting and credit losses	(5,644,000)	0
Changes in operating assets and liabilities:
Accounts receivable - including related party receivables	45,205,000	(6,223,000)
Inventories	(10,630,000)	21,133,000
Other current assets	(3,601,000)	5,425,000
Accounts payable	32,979,000	(27,984,000)
Accrued expenses and other current liabilities	611,000	3,938,000
Operating lease liabilities	(5,509,000)	(10,374,000)
Change in other liabilities	3,632,000	(17,930,000)
Net cash provided by (used in) operating activities	56,924,000	(7,636,000)
Cash flows from investing activities:
Capital expenditures	(58,307,000)	(61,927,000)
Purchase of restricted deposits and reclamation bonds	(84,342,000)	(51,000)
Redemption of restricted deposits and reclamation bonds	19,726,000	125,000
Net cash used in investing activities	(122,923,000)	(61,853,000)
Cash flows from financing activities:
Proceeds from interest bearing liabilities and other financial liabilities	411,524,000	145,000,000
Proceeds from interest rate swap	5,800,000
Debt issuance costs and other financing costs	(15,143,000)	(2,423,000)
Principal payments on interest bearing liabilities and other financial liabilities	(365,413,000)	(39,515,000)
Principal payments on finance lease obligations	0	(642,000)
Dividends paid	0	(24,162,000)
Proceeds from stock issuance, net	97,741,000
Net cash provided by financing activities	128,709,000	78,258,000
Net increase in cash and restricted cash	62,710,000	8,769,000
Effect of exchange rate changes on cash and restricted cash	5,215,000	1,002,000
Cash and restricted cash at beginning of period	45,736,000	26,553,000
Cash and restricted cash at end of period	113,661,000	36,324,000
Supplemental disclosure of cash flow information:
Cash payments for interest	13,006,000	10,981,000
Cash (refund) paid for taxes	$ (4,433,000)	$ 2,029,000

Description of Business, Basis

Description of Business, Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Description of Business, Basis of Presentation [Abstract]
Description of Business, Basis of Presentation	1. Description of Business, Basis of Presentation (a) Description of the Business Coronado Global Resources Inc. is a global producer, marketer, and exporter of a full range of metallurgical coals, an essential element in the production of steel. The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the United States, or U.S. (b) Basis of Presentation The interim unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of U.S. generally accepted accounting principles, or U.S. GAAP, and with the instructions to Form 10-Q and Article 10 of Regulation S-X related to interim financial reporting issued by the Securities and Exchange Commission, or the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC and the Australian Securities Exchange, or the ASX, on February 25, 2021. The interim unaudited condensed consolidated financial statements are presented in U.S. dollars, unless otherwise stated. They include the accounts of Coronado Global Resources Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. References to “US$” or “USD” are references to U.S. dollars. References to “A$” or “AUD” are references to Australian dollars, the lawful currency of the Commonwealth of Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, or to Coronado Global Resources Inc., as appropriate to the context. Interests in subsidiaries controlled by the Company are consolidated with any outside stockholder interests reflected as noncontrolling interests. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, these interim financial statements reflect all normal, recurring adjustments necessary for the fair presentation of the Company’s financial position, results of operations, comprehensive income, cash flows and changes in equity for the periods presented. Balance sheet information presented herein as of December 31, 2020 has been derived from the Company’s audited consolidated balance sheet at that date. The Company’s results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2021.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Please see Note 2 “Summary of Significant Accounting Policies” contained in the audited consolidated financial statements for the year ended December 31, 2020 included in Coronado Global Resources Inc.’s Annual Report on Form 10-K filed with the SEC and ASX on February 25, 2021. (a) Newly Adopted Accounting Standards “Income Taxes - Simplifying the Accounting for Income Taxes” - In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, 2019-12, which simplified various aspects related to accounting for income taxes. ASU 2019-12 removed certain exceptions to the general principles in Accounting Standards Codification, or ASC, Topic 740 – Income Taxes, and clarified and amended existing guidance to improve consistent application. The adoption of ASU 2019-12 on January 1, 2021 did not have material impact on the Company’s consolidated financial statements.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Information [Abstract]
Segment Information	3. Segment Information The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the U.S. The operations in Australia, or Australian Operations, comprise the 100%-owned Curragh producing mine complex. The operations in the United States, or U.S. Operations, comprise two 100%-owned producing mine complexes (Buchanan and Logan), one 100%-owned idled mine complex (Greenbrier), two development properties (Pangburn-Shaner-Fallowfield and Russell County) and one idle property (Amonate). The Company operates its business along two reportable segments: Australia and the United States. The organization of the two reportable segments reflects how the Company’s chief operating decision maker, or CODM, manages and allocates resources to the various components of the Company’s business. The CODM uses Adjusted EBITDA as the primary metric to measure each segment’s operating performance. Adjusted EBITDA is not a measure of financial performance in accordance with U.S. GAAP. Investors should be aware that the Company’s presentation of Adjusted EBITDA may not be comparable to similarly titled financial measures used by other companies. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, depletion and amortization and other foreign exchange losses. Adjusted EBITDA is also adjusted for certain discrete items that management exclude in analyzing each of the Company’s segments’ operating performance. “Other and corporate” relates to additional financial information for the corporate function such as accounting, treasury, legal, human resources, compliance, and tax. As such, the corporate function is not determined to be a reportable segment but is discretely disclosed for purposes of reconciliation to the Company’s condensed consolidated financial statements. Reportable segment results as of and for the three and six months ended June 30, 2021 and 2020 are presented below: Australia United States Other and Corporate Total (in US$ thousands) Three months ended June 30, 2021 Total revenues $ 251,432 $ 172,824 $ — $ 424,256 Adjusted EBITDA ( 13,880) 39,434 ( 7,493) 18,061 Net (loss) income ( 63,507) 18,323 ( 9,901) ( 55,085) Total assets 1,115,815 872,345 168,427 2,156,587 Capital expenditures 13,180 16,087 435 29,702 Three months ended June 30, 2020 Total revenues $ 228,410 $ 75,938 $ — $ 304,348 Adjusted EBITDA ( 6,804) 3,490 ( 7,163) ( 10,477) Net loss ( 16,933) ( 74,006) ( 23,391) ( 114,330) Total assets 1,043,222 975,045 83,042 2,101,309 Capital expenditures 13,535 6,396 578 20,509 Six months ended June 30, 2021 Total revenues $ 489,726 $ 310,641 $ — $ 800,367 Adjusted EBITDA ( 36,937) 75,963 ( 13,324) 25,702 Net (loss) income ( 105,838) 28,713 ( 18,932) ( 96,057) Total assets 1,115,815 872,345 168,427 2,156,587 Capital expenditures 20,214 30,625 1,468 52,307 Six months ended June 30, 2020 Total revenues $ 473,555 $ 240,111 $ — $ 713,666 Adjusted EBITDA 6,260 41,740 ( 13,056) 34,944 Net loss ( 22,900) ( 64,877) ( 35,419) ( 123,196) Total assets 1,043,222 975,045 83,042 2,101,309 Capital expenditures 18,804 41,917 1,206 61,927 The reconciliations of Adjusted EBITDA to net income attributable to the Company for the three and six months ended June 30, 2021 and 2020 are as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (in US$ thousands) (in US$ thousands) Net loss $ ( 55,085) $ ( 114,330) $ ( 96,057) $ ( 123,196) Depreciation, depletion and amortization 41,212 41,547 94,293 86,849 Interest expense (net of income) 16,596 12,064 31,731 24,318 Other foreign exchange losses (gains) 140 9,777 1,889 4,217 Loss on extinguishment of debt 5,744 — 5,744 — Income tax expense (benefit) 8,184 ( 22,646) ( 10,884) ( 20,355) Impairment of assets — 63,111 — 63,111 Restructuring costs (1) 2,300 — 2,300 — Losses on idled assets held for sale (2) 836 — 2,330 — Unwind of discounting and credit losses ( 1,866) — ( 5,644) — Consolidated Adjusted EBITDA $ 18,061 $ ( 10,477) $ 25,702 $ 34,944 (1) (2) The reconciliations of capital expenditures per the Company’s segment information to capital expenditures disclosed on the unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020 are as follows: Six months ended June 30, 2021 2020 (in US$ thousands) Capital expenditures per Condensed Consolidated Statements of Cash Flows $ 58,307 $ 61,927 Payment for capital acquired in prior periods ( 6,000) — Capital expenditures per segment detail $ 52,307 $ 61,927 Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by major product group for each of the Company’s reportable segments, as the Company believes it best depicts the nature, amount, timing and uncertainty of revenues and cash flows. All revenue is recognized at a point in time. Three months ended June 30, 2021 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 221,659 $ 168,472 $ 390,131 Thermal coal 21,090 2,543 23,633 Total coal revenue 242,749 171,015 413,764 Other (1) 8,683 1,809 10,492 Total $ 251,432 $ 172,824 $ 424,256 Three months ended June 30, 2020 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 194,909 $ 74,839 $ 269,748 Thermal coal 25,041 417 25,458 Total coal revenue 219,950 75,256 295,206 Other (1) 8,460 682 9,142 Total $ 228,410 $ 75,938 $ 304,348 Six months ended June 30, 2021 Australia United States Total (in US$ thousands) Product Groups Metallurgical coal $ 428,110 $ 305,456 $ 733,566 Thermal coal 44,089 3,311 47,400 Total coal revenue 472,199 308,767 780,966 Other (1) 17,527 1,874 19,401 Total $ 489,726 $ 310,641 $ 800,367 Six months ended June 30, 2020 Australia United States Total (in US$ thousands) Product Groups Metallurgical coal $ 407,831 $ 234,198 $ 642,029 Thermal coal 50,650 2,138 52,788 Total coal revenue 458,481 236,336 694,817 Other (1) 15,074 3,775 18,849 Total $ 473,555 $ 240,111 $ 713,666 (1) Other revenue for the Australian segment includes the amortization of the Stanwell non-market coal supply contract obligation liability.

Expenses

Expenses	6 Months Ended
	Jun. 30, 2021
Expenses [Abstract]
Expenses	4. Expenses Other, Net Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (in US$ thousands) (in US$ thousands) Other foreign exchange losses $ ( 140) $ ( 9,777) $ ( 1,889) $ ( 4,217) Other income (expense) 710 1,240 ( 469) ( 268) Total Other, net $ 570 $ ( 8,537) $ ( 2,358) $ ( 4,485)

Capital Structure

Capital Structure	6 Months Ended
	Jun. 30, 2021
Capital Structure [Abstract]
Capital Structure	5. Capital Structure On May 14, 2021, the Company successfully completed the institutional component of a fully underwritten 1-for- 4.73 pro-rata accelerated non-renounceable entitlement offer, or the Entitlement Offer. On completion, a total of 253,108,820 fully paid new CDIs (representing a beneficial interest in 25,310,882 shares of common stock) were issued at a price of A$ 0.45 per CDI, resulting in gross proceeds of $ 87.7 million (A$ 113.9 million). On June 1, 2021, the Company successfully completed the retail component of the Entitlement Offer. On completion, a total of 39,466,010 fully paid new CDIs (representing a beneficial interest in 3,946,601 shares of common stock) were issued on the ASX at a price of A$ 0.45 per CDI, resulting in gross proceeds of $ 13.7 million (A$ 17.8 million). Pursuant to the Entitlement Offer, a total of 29,257,483 shares of common stock, with a par value of $ 0.01, were issued by the Company. Proceeds from the Entitlement Offer, net of share issuance costs, of $ 97.7 million were included a s part of a refinancing transaction, which involved the (i) repayment of all outstanding obligations under the Company’s Multicurrency Revolving Syndicated Facility Agreement, or SFA, and termination of such agreement; (ii) cash collateralization of credit support facilities, which were used to provide back-to-back support for bank guarantees that had been previously issued under the SFA; and (iii) payment of discounts, fees and expenses related to the refinancing transaction. See Note 11 “Interest Bearing Liabilities”. Coronado Group LLC Coronado Group LLC, the Company’s controlling stockholder, exercised its right to participate in the institutional component of the Entitlement Offer and purchased 71,980,363 CDIs (representing a beneficial interest in 7,198,036 shares of common stock) at a price of A$ 0.45 per CDI, resulting in gross proceeds of $ 24.9 million (A$ 32.4 million). As of June 30, 2021, Coronado Group LLC beneficially owns 845,061,399 CDIs (representing a beneficial interest in 84,506,140 shares of common stock) representing 50.4% of the total 1,676,453,730 CDIs (representing a beneficial interest in 167,645,373 shares of common stock) outstanding. The remaining 831,392,331 CDIs (representing a beneficial interest in 83,139,233 shares of common stock) are owned by investors in the form of CDIs publicly traded on the ASX. As of December 31, 2020, 1,383,878,900 CDIs (representing a beneficial interest in 138,387,890 shares of common stock) were outstanding.

Trade and Related Party Receiva

Trade and Related Party Receivables	6 Months Ended
	Jun. 30, 2021
Trade and Related Party Receivables [Abstract]
Trade and Related Party Receivables	6. Trade and related party receivables The Company extends trade credit to its customers in the ordinary course of business. Trade receivables and related party receivables are recorded initially at fair value and subsequently at amortized cost, less any Expected Credit Losses, or ECL. Xcoal On May 27, 2021, Xcoal Energy and Resources, or Xcoal, ceased to be a related party after Xcoal’s founder, chief executive officer and chief marketing officer, Mr. Ernie Thrasher, retired as a non-executive director of the Company. During the six months ended June 30, 2021, Xcoal reduced its past due balance by $ 48.3 million. At June 30, 2021, amounts due from Xcoal in respect of coal sales were $ 36.9 million, all of which were past due and included within “Trade receivables” on the unaudited Condensed Consolidated Balance Sheet. Subsequent to June 30, 2021, Xcoal has further reduced its past due account receivable by $ 3.4 million to $ 33.5 million at July 31, 2021. The Company expects to receive all outstanding trade receivables amounts from Xcoal by September 30, 2021. “Coal revenues from related parties” of $ 29.3 million and $ 97.3 million in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the periods up to May 27, 2021, represent revenues from Xcoal while it was a related party. Revenues from coal sales to Xcoal after May 27, 2021 to June 30, 2021, of $ 14.4 million are included within “Coal revenues” in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Revenues from Xcoal of $ 9.0 million and $ 89.1 million, respectively, are recorded as “Coal revenues from related parties” in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2020. For the three and six month periods ended June 30, 2021, sales to Xcoal were made on prepayment, letter of credit and cash on delivery basis. Subsequent to June 30, 2021, the Company has agreed credit terms with Xcoal. Any sales in excess of the credit amount will be made on prepayment, letter of credit and cash on delivery basis. At December 31, 2020, amounts due from Xcoal in respect of coal sales were $ 91.0 million, of which $ 85.2 million was past due and was included in “Related party trade receivables” on the audited Condensed Consolidated Balance Sheet, and $ 5.8 million was secured by a letter of credit. To account for the expected timing of collection, a provision for discounting and credit losses of $ 9.0 million was recognized at December 31, 2020. During the three and six months ended June 30, 2021, the provision for discounting and credit losses was unwound to account for passage of time and payments made by Xcoal during the periods, resulting in a benefit of $ 2.1 million and $ 5.9 million, respectively, recorded in the Company’s unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2021. As of June 30, 2021, the carrying value of trade receivables from Xcoal, net of a $ 3.1 million provision for discounting and credit losses, was $ 33.8 million. As of December 31, 2020, the carrying value of related party trade receivables from Xcoal, net of a $ 9.0 million provision for discounting and credit losses, was $ 82.0 million.

Provision for Credit Losses

Provision for Credit Losses	6 Months Ended
	Jun. 30, 2021
Provision for Credit Losses [Abstract]
Provision for Credit Losses	7. Provision for Credit Losses The following table provides the reconciliation of the allowance for credit losses that is deducted from financial assets to present the net amount expected to be collected: (in US$ thousands) Trade and related party trade receivables Other Assets Total As at January 1, 2021 $ 9,298 $ — $ 9,298 Change in estimates during the current period ( 120) 407 287 Unwind of provision for expected credit losses ( 5,931) — ( 5,931) As of June 30, 2021 $ 3,247 $ 407 $ 3,654

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventories [Abstract]
Inventories	8. Inventories (in US$ thousands) June 30, 2021 December 31,2020 Raw coal $ 16,587 $ 19,557 Saleable coal 43,646 26,581 Total coal inventories 60,233 46,138 Supplies inventory 59,720 63,997 Total inventories $ 119,953 $ 110,135

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	9. Property, Plant and Equipment (in US$ thousands) June 30, 2021 December 31,2020 Land $ 27,647 $ 27,985 Buildings and improvements 89,311 89,726 Plant, machinery, mining equipment and transportation vehicles 964,852 939,521 Mineral rights and reserves 374,310 374,340 Office and computer equipment 8,756 4,316 Mine development 574,971 577,631 Asset retirement obligation asset 80,079 81,603 Construction in process 32,320 38,321 2,152,246 2,133,443 Less accumulated depreciation, depletion and amortization 688,741 611,935 Net property, plant and equipment $ 1,463,505 $ 1,521,508

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2021
Accrued Expenses and Other Current Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities	10. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: (in US$ thousands) June 30, 2021 December 31,2020 Wages and employee benefits $ 42,262 $ 32,386 Taxes other than income taxes 9,252 7,024 Accrued royalties 30,754 36,149 Accrued freight costs 25,304 29,199 Accrued mining fees 62,828 76,044 Acquisition related accruals 32,327 33,119 Other liabilities 26,537 20,605 Total accrued expenses and other current liabilities $ 229,264 $ 234,526 Included within acquisition related accruals is an amount outstanding for stamp duty payable on the Curragh acquisition of $ million (A$ million). This amount was outstanding as at June 30, 2021 and December 31, 2020 pending assessment by the Office of State Revenue in Queensland, Australia.

Interest Bearing Liabilities

Interest Bearing Liabilities	6 Months Ended
	Jun. 30, 2021
Interest Bearing Liabilities [Abstract]
Interest Bearing Liabilities	11. Interest Bearing Liabilities The following is a summary of interest-bearing liabilities at June 30, 2021: (in US$ thousands) June 30, 2021 December 31, 2020 Weighted Average Interest Rate at June 30, 2021 Final Maturity 10.75% Senior Secured Notes $ 350,000 $ — 12.14% (2) 2026 ABL Facility — — 2024 Multicurrency Revolving Syndicated Facility — 327,625 2023 Discount and debt issuance costs (1) ( 17,866) — Total interest bearing liabilities $ 332,134 $ 327,625 (1) (2) Syndicated Facility Agreement On May 14, 2021, the Company repaid all obligations under the SFA, including the outstanding balance of $ 324.1 million, and terminated such agreement using a portion of the net proceeds from the Entitlement Offer along with a portion of proceeds from the offering of the Notes (as defined below). As a result of the early termination of the SFA, the Company recorded a loss on debt extinguishment of $ 5.7 million in its unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2021. Senior Secured Notes On May 12, 2021, the Company, entered into an indenture, or the Indenture among Coronado Finance Pty Ltd, an Australian proprietary company and a wholly-owned subsidiary of the Company, which is referred to as the Issuer or the Australian Borrower, the Company, the other guarantors party thereto, which are referred to, collectively with the Company, as the Guarantors, and Wilmington Trust, National Association, as trustee, or the Trustee, and as priority lien collateral trustee, relating to the issuance by the Issuer of $ 350.0 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, or the Notes. The Notes were issued at a price of 98.112% of their principal amount and bear interest at a rate of 10.75% per annum. Interest on the Notes is payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2021, to record holders of the Notes on the immediately preceding May 1 and November 1, as applicable. The Notes mature on May 15, 2026 and are senior secured obligations of the Issuer. The Notes are guaranteed on a senior secured basis by the Company and its wholly-owned subsidiaries (other than the Issuer) (subject to certain exceptions and permitted liens) and secured by (i) a first-priority lien on substantially all of the Company’s assets and the assets of the other Guarantors (other than accounts receivable and other rights to payment, inventory, intercompany indebtedness, certain general intangibles and commercial tort claims, commodities accounts, deposit accounts, securities accounts and other related assets and proceeds and products of each of the foregoing, or, collectively, the ABL Collateral), or the Notes Collateral, and (ii) a second-priority lien on the ABL Collateral, which is junior to a first-priority lien, for the benefit of the lenders under the Company’s senior secured asset-based revolving credit agreement in an initial aggregate principal amount of $ 100.0 million, or the ABL Facility. The terms of the Notes are governed by the Indenture. The Indenture contains customary covenants for high yield bonds, including, but not limited to, limitations on investments, liens, indebtedness, asset sales, transactions with affiliates and restricted payments, including payment of dividends on capital stock. Upon the occurrence of a “Change of Control,” as defined in the Indenture, the Issuer is required to offer to repurchase the Notes at 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The Issuer also has the right to redeem the Notes at 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date, following the occurrence of a Change of Control, provided that the Issuer redeems at least 90% of the Notes outstanding prior to such Change of Control. Upon the occurrence of certain changes in tax law (as described in the Indenture), the Issuer may redeem any of the Notes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The Issuer may redeem any of the Notes beginning on May 15, 2023. The initial redemption price of the Notes is 108.063% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The redemption price will decline each year after May 15, 2023, and will be 100% of the principal amount of the Notes, plus accrued and unpaid interest, beginning on May 15, 2025. The Issuer may also redeem some or all of the Notes at any time and from time to time prior to May 15, 2023 at a price equal to 100% of the principal amount thereof plus a “make-whole” premium, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. During any twelve-month period ending prior to May 15, 2023, the Issuer may redeem the Notes (including additional Notes, if any) in an aggregate principal amount not to exceed 10% of the aggregate principal amount of the Notes (including additional Notes, if any) originally issued at a redemption price (expressed as a percentage of principal amount) of 103%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. At any time and from time to time on or prior to May 15, 2023, the Issuer may redeem in the aggregate up to 40% of the original aggregate principal amount of the Notes (calculated after giving effect to any issuance of additional Notes) with the net cash proceeds of certain equity offerings, at a redemption price of 110.75%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, so long as at least 60% of the original aggregate principal amount of the Notes (calculated after giving effect to any issuance of additional Notes) issued under the Indenture remains outstanding after each such redemption and each such redemption occurs within 120 days after the date of the closing of such equity offering. The Indenture contains customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to pay or acceleration of certain other indebtedness, certain events of bankruptcy and insolvency, and failure to pay certain judgments. An event of default under the Indenture will allow either the Trustee or the holders of at least 25% in aggregate principal amount of the then-outstanding Notes to accelerate, or in certain cases, will automatically cause the acceleration of, the amounts due under the Notes. Proceeds from the issuance of the Notes, net of discounting and issuance costs, of $ 331.8 million were included as part of a refinancing transaction which involved the (i) repayment of all outstanding obligations under the SFA and the termination of such agreement; (ii) cash collateralization of credit support facilities, which were used to provide back-to-back support for bank guarantees that had been previously issued under the SFA ; and (iii) payment of discounts, fees and expenses related to the refinancing transaction. In connection with the issuance of the Notes, the Company incurred debt issuance costs of $ 11.6 million and discount on issuance of $ 6.6 million, recorded as a direct deduction from the face amount of the Notes. The Energy & Mineral Group On May 12, 2021, affiliates of The Energy & Minerals Group, or EMG, which is the Company’s controlling stockholder through its ownership of Coronado Group LLC, participated in the Notes Offering and purchased $ 65.0 million aggregate principal amount of Notes at the closing of the Notes Offering. At June 30, 2021, interest payable to affiliates of EMG on the Notes was $ 0.9 million and was recorded within “Accrued expenses and other current liabilities” in the unaudited Condensed Consolidated Balance Sheet and a corresponding amount was recorded to “Interest expense, net” in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2021. ABL Facility On May 12, 2021, the Company, Coronado Coal Corporation, a Delaware corporation and wholly-owned subsidiary of the Company, or the U.S. Borrower, the Australian Borrower and the Guarantors entered into the ABL Facility agreement with Citibank, N.A., as administrative agent and a lender, and various other financial institutions, with an aggregate multi-currency lender commitment of up to $ 100.0 million, including a $ 30.0 million sublimit for the issuance of letters of credit and $ 5.0 million for swingline loans, at any time outstanding, subject to borrowing base availability. The ABL Facility will mature on May 12, 2024 and replaces the SFA. Revolving loan (and letter of credit) availability under the ABL Facility is subject to a borrowing base, which at any time is equal to the sum of certain eligible accounts receivable, certain eligible inventory and certain eligible supplies inventories and, in each case, subject to specified advance rates. The borrowing base is subject to certain reserves, which may be established by the agent in its reasonable credit discretion, that could reasonably be expected to have an adverse effect on the value of the collateral included in the borrowing base. Borrowings under the ABL Facility bear interest at a rate equal to a BBSY rate plus an applicable margin. In addition to paying interest on the outstanding borrowings under the ABL Facility, the Company is also required to pay a fee in respect of unutilized commitments, on amounts available to be drawn under outstanding letters of credit and certain administrative fees. The obligations of the borrowers under the ABL Facility are guaranteed by (a) a first priority-lien in the ABL Collateral, (b) a second priority-lien in the Notes Collateral and (c) solely in the case of the obligations of the Australian Borrower, a featherweight floating security interest over certain accounts released from the security by the Australian Borrower in favor of Stanwell Corporation Limited, or Stanwell. The ABL Facility contains customary covenants for asset-based credit agreement of this type, including, among others: (i) the requirement to deliver financial statements, other reports and notices; (ii) covenants related to the payment of dividends on, or purchase or redemption of, capital stock; (iii) covenants related to the incurrence or prepayment of certain debt; (iv) covenants related to the incurrence of liens or encumbrances; (v) compliance with laws; (vi) restrictions on certain mergers, consolidations and asset dispositions; and (vii) restrictions on certain transactions with affiliates. Subject to customary grace periods and notice requirements, the ABL Facility also contains customary events of default. Additionally, the ABL Facility contains a springing fixed charge coverage ratio of not less than 1.00 to 1.00, which ratio is tested if availability under the ABL Facility is less than a certain amount. As of June 30, 2021, the Company is not subject to this covenant. As at June 30, 2021, the Company met its undertakings under the ABL Facility. To establish the ABL Facility, the Company incurred debt issuance costs of $ 5.4 million. The Company has elected an accounting policy to present debt issuance costs incurred before the debt liability is recognized (e.g., before the debt proceeds are received) as an asset which will be amortized ratably over the term of the line-of-credit. The costs will not be subsequently reclassified as a direct deduction of the liability. At June 30, 2021, issuance costs incurred to establish the ABL Facility have been classified in “Other non-current assets” in the unaudited Condensed Consolidated Balance Sheet. As at June 30, 2021, no amounts were drawn and no letters of credit were outstanding under the ABL Facility.

Other Financial Liabilities

Other Financial Liabilities	6 Months Ended
	Jun. 30, 2021
Other Financial Liabilities [Abstract]
Other Financial Liabilities	12. Other Financial Liabilities On January 6, 2021, the Company entered into an agreement with a third-party financier to sell and leaseback items of property, plant and equipment owned by Curragh, a wholly-owned subsidiary of the Company. The transaction did not satisfy the sale criteria under ASC 606 – Revenues from Contracts with Customers. As a result, the transaction was deemed a financing arrangement and the Company has continued to recognize the underlying property, plant and equipment on its unaudited Condensed Consolidated Balance Sheet. The proceeds received from the transaction of $ 23.5 million (A$ 30.2 million) were recognized as “Other financial liabilities” on the unaudited Condensed Consolidated Balance Sheet. The term of the financing arrangement ranges up to five years with an implied interest rate of up to 7.8% per annum. The carrying value of this financial liability, net of issuance costs, was $ 20.4 million as at June 30, 2021, $ 4.0 million of which is classified as a current liability.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes [Abstract]
Income Taxes	13. Income Taxes For the six months ended June 30, 2021 and 2020, the Company estimated its annual effective tax rate and applied this effective tax rate to its year-to-date pretax income at the end of the interim reporting period. The tax effects of unusual or infrequently occurring items, including effects of changes in tax laws or rates and changes in judgment about the realizability of deferred tax assets, are reported in the interim period in which they occur. The Company’s 2021 estimated annual effective tax rate, including discrete items, is 10.19%. The Company had an income tax benefit of $ 10.9 million based on a loss before tax of $ 106.9 million for the six months ended June 30, 2021. Income tax expense of $ 20.4 million for the six months ended June 30, 2020 was calculated based on an estimated annual effective tax rate of 14.2% for the period. The Company assessed the need for a valuation allowance by evaluating future taxable income, available for tax strategies and the reversal of temporary tax differences. As of June 30, 2021, the Australian Operations were in a cumulative loss position and held a valuation allowance of $ 19.8 million against the full amount of their deferred tax assets. A cumulative loss position constitutes significant negative evidence regarding future taxable income, and is defined as a cumulative pre-tax loss for the current and two preceding years. The Company’s deferred tax liabilities, related to its U.S. Operations, decreased during the period due to the impact of the valuation allowance recorded in its Australian Operations’ deferred tax assets and the overall tax loss position during the six months ended June 30, 2021. The Company utilizes the “more likely than not” standard in recognizing a tax benefit in its financial statements. For the six months ended June 30, 2021 and the year ended December 31, 2020, the Company had no unrecognized tax benefits. If accrual for interest or penalties is required, it is the Company’s policy to include these as a component of income tax expense. The Company is subject to taxation in the U.S. and its various states, as well as Australia and its various localities. In the U.S. and Australia, the first tax return was lodged for the year ended December 31, 2018. In the U.S., companies are subject to open tax audits for a period of seven years at the federal level and five years at the state level. In Australia, companies are subject to open tax audits for a period of four years from the date of assessment. On March 27, 2020, the United States Congress enacted the Coronavirus Aid, Relief and Economic Security Act, or CARES Act, to provide certain relief as a result of the COVID-19 outbreak. The Company is currently evaluating how provisions in the CARES Act will impact its consolidated financial statements, but it is not expected to have a material impact. On April 9, 2021, West Virginia Governor Jim Justice signed into law House Bill 2026, adopting significant changes to the state’s income tax code, including market-based source, single-sales factor apportionment and limitations on temporary or mobile worker withholding. The new law resulted in a tax impact of approximately $ 0.9 million.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2021
Earnings per Share [Abstract]
Earnings per Share	14. Earnings per Share Basic earnings per share of common stock is computed by dividing net income attributable to the Company for the period, by the weighted-average number of shares of common stock outstanding during the same period. Diluted earnings per share of common stock is computed by dividing net income attributable to the Company by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities. Basic and diluted earnings per share was calculated as follows (in thousands, except per share data): Three months ended June 30, Six months ended June 30, (in US$ thousands, except per share data) 2021 2020 2021 2020 Numerator: Net loss $ ( 55,085) $ ( 114,330) $ ( 96,057) $ ( 123,196) Less: Net loss attributable to Non-controlling interest — ( 2) ( 2) ( 4) Net loss attributable to Company stockholders $ ( 55,085) $ ( 114,328) $ ( 96,055) $ ( 123,192) Denominator (in thousands): Weighted-average shares of common stock outstanding 152,877 96,652 145,633 96,652 Weighted average diluted shares of common stock outstanding 152,877 96,652 145,633 96,652 Earnings Per Share (US$): Basic ( 0.36) ( 1.18) ( 0.66) ( 1.27) Dilutive ( 0.36) ( 1.18) ( 0.66) ( 1.27)

Derivatives and Fair Value Meas

Derivatives and Fair Value Measurement	6 Months Ended
	Jun. 30, 2021
Derivatives and Fair Value Measurement [Abstract]
Derivatives and Fair Value Measurement	15. Derivatives and Fair Value Measurement (a) Derivatives The Company may use derivative financial instruments to manage its financial risks in the normal course of operations, including foreign currency risks, commodity price risk related to purchase of raw materials (such as gas or diesel) and interest rate risk. Derivatives for speculative purposes are strictly prohibited under the Treasury Risk Management Policy approved by the Board of Directors. The financing counterparties to the derivative contracts potentially expose the Company to credit-related risk. Credit risk is the risk that a third party might fail to fulfill its performance obligations under the terms of the financial instrument. The Company mitigates such credit risk by entering into derivative contracts with high credit quality counterparties, limiting the amount of exposure to each counterparty and frequently monitoring their financial condition. Forward fuel contracts In 2020, the Company entered into forward derivative contracts to hedge its exposure to diesel fuel that is used, or is expected to be used, at its Australian Operations during 2021. In connection with the repayment and termination of the SFA, the Company closed out all outstanding forward fuel derivative contracts and received proceeds, representing hedge gain on settlement, of $ 5.8 million. This hedge gain on settlement has been deferred in “Accumulated other comprehensive loss” on the unaudited Condensed Consolidated Balance Sheet until the hedge transaction impacts income, at which point the related hedge gain would be reclassified to the “Cost of coal revenues” in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. No forward fuel derivative contracts were outstanding at June 30, 2021. Hedge gains, net of tax, recognized in “Accumulated other comprehensive loss” of $ 4.2 million as at June 30, 2021 are expected to be recognized into “Cost of coal revenues” in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income within the next six months when the hedged transaction impacts income. Refer to Note 16 “Accumulated Other Comprehensive Losses” for further disclosure. Fair Value of Financial Instruments The fair value of a financial instrument is the amount that will be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values of financial instruments involve uncertainty and cannot be determined with precision. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2 Inputs: Other than quoted prices that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. Financial Instruments Measured on a Recurring Basis As of June 30, 2021, there were no financial instruments required to be measured at fair value on a recurring basis. Other Financial Instruments The following methods and assumptions are used to estimate the fair value of other financial instruments as of June 30, 2021 and December 31, 2020:  Cash and restricted cash, accounts receivable, accounts payable, accrued expenses, lease liabilities and other current financial liabilities: The carrying amounts reported in the unaudited Condensed Consolidated Balance Sheets approximate fair value due to the short maturity of these instruments.  Restricted deposits and reclamation bonds, lease liabilities, interest bearing liabilities and other financial liabilities: The fair values approximate the carrying values reported in the unaudited Condensed Consolidated Balance Sheets.  Interest bearing liabilities: The Company’s outstanding interest-bearing liabilities are carried at amortized cost. As of June 30, 2021, there were no borrowings outstanding under the ABL Facility. The estimated fair value of the Notes is approximately $ 372.8 million based upon observable market data (Level 2).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Losses	6 Months Ended
	Jun. 30, 2021
Capital Structure [Abstract]
Accumulated Other Comprehensive Income	16. Accumulated Other Comprehensive Losses Accumulated other comprehensive losses consisted of the following at June 30, 2021: Net unrealized gain (loss) (in US$ thousands) Foreign currency translation adjustments Cash flow fuel hedges Total Balance at December 31, 2020 $ ( 26,777) $ ( 2,029) $ ( 28,806) Net current-period other comprehensive income (loss): Gain in other comprehensive income (loss) before reclassifications 1,130 11,446 12,576 Loss on long-term intra-entity foreign currency transactions ( 9,960) — ( 9,960) Gains reclassified from accumulated other comprehensive income (loss) — ( 3,062) ( 3,062) Tax effects — ( 2,135) ( 2,135) Total net current-period other comprehensive gain (loss) ( 8,830) 6,249 ( 2,581) Balance at June 30, 2021 $ ( 35,607) $ 4,220 $ ( 31,387)

Commitments

Commitments	6 Months Ended
	Jun. 30, 2021
Commitments [Abstract]
Commitments	17. Commitments (a) Mineral Leases The Company leases mineral interests and surface rights from land owners under various terms and royalty rates. The future minimum royalties under these leases are as follows: (in US$ thousands) Amount Year ending December 31, 2021 $ 3,593 2022 5,656 2023 4,978 2024 5,443 2025 4,729 Thereafter 24,702 Total $ 49,101 Mineral leases are not in scope of ASC 842 and continue to be accounted for under the guidance in ASC 932, Extractive Activities – Mining. (b) Other commitments As of June 30, 2021, purchase commitments for capital expenditures were $ 20.3 million, all of which is obligated within the next twelve months. In Australia, the Company has generally secured the ability to transport coal through rail contracts and coal export terminal contracts that are primarily funded through take-or-pay arrangements with terms ranging up to 11 years. In the U.S., the Company typically negotiates its rail and coal terminal access on an annual basis. As of June 30, 2021, these Australian and U.S. commitments under take-or-pay arrangements totaled $ 1.3 billion, of which approximately $ 104.3 million is obligated within the next year.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2021
Contingencies [Abstract]
Contingencies	18. Contingencies In the normal course of business, the Company is a party to certain guarantees and financial instruments with off-balance sheet risk, such as letters of credit and performance or surety bonds. No liabilities related to these arrangements are reflected in the Company’s unaudited Condensed Consolidated Balance Sheets. Management does not expect any material losses to result from these guarantees or off-balance sheet financial instruments. At June 30, 2021, the Company had outstanding bank guarantees of $ 46.2 million to secure various obligations and commitments. Restricted deposits and reclamation bonds represent cash deposits held at third parties as required by certain agreements entered into by the Company to provide cash collateral. The Company had cash collateral in the form of deposits in the amount of $ 72.7 million and $ 8.4 million as of June 30, 2021 and December 31, 2020, respectively, to provide back-to-back support for bank guarantees, financial payments and other performance obligations and various other operating agreements. These deposits and reclamations bonds are restricted and classified as long-term assets in the unaudited Condensed Consolidated Balance Sheets. In accordance with the terms of the ABL Facility, the Company may be required to cash collateralize the ABL Facility to the extent of outstanding letters of credit after the expiration or termination date of such letter of credit. As of June 30, 2021, no letter of credit were outstanding and no cash collateral was required. For the U.S. Operations in order to provide the required financial assurance, the Company generally uses surety bonds for post-mining reclamation. The Company can also use bank letters of credit to collateralize certain obligations. As of June 30, 2021, the Company had outstanding surety bonds of $ 29.7 million, to secure various obligations and commitments. Future regulatory changes relating to these obligations could result in increased obligations, additional costs or additional collateral requirements. From time to time, the Company becomes a party to other legal proceedings in the ordinary course of business in Australia, the U.S. and other countries where the Company does business. Based on current information, the Company believes that such other pending or threatened proceedings are likely to be resolved without a material adverse effect on its financial condition, results of operations or cash flows. In management’s opinion, the Company is not currently involved in any legal proceedings, which individually or in the aggregate could have a material effect on the financial condition, results of operations and/or liquidity of the Company.

Description of Business, Basi_2

Description of Business, Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2021
Description of Business, Basis of Presentation [Abstract]
Description of the Business	(a) Description of the Business Coronado Global Resources Inc. is a global producer, marketer, and exporter of a full range of metallurgical coals, an essential element in the production of steel. The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the United States, or U.S.
Basis of Presentation	(b) Basis of Presentation The interim unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of U.S. generally accepted accounting principles, or U.S. GAAP, and with the instructions to Form 10-Q and Article 10 of Regulation S-X related to interim financial reporting issued by the Securities and Exchange Commission, or the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC and the Australian Securities Exchange, or the ASX, on February 25, 2021. The interim unaudited condensed consolidated financial statements are presented in U.S. dollars, unless otherwise stated. They include the accounts of Coronado Global Resources Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. References to “US$” or “USD” are references to U.S. dollars. References to “A$” or “AUD” are references to Australian dollars, the lawful currency of the Commonwealth of Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, or to Coronado Global Resources Inc., as appropriate to the context. Interests in subsidiaries controlled by the Company are consolidated with any outside stockholder interests reflected as noncontrolling interests. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, these interim financial statements reflect all normal, recurring adjustments necessary for the fair presentation of the Company’s financial position, results of operations, comprehensive income, cash flows and changes in equity for the periods presented. Balance sheet information presented herein as of December 31, 2020 has been derived from the Company’s audited consolidated balance sheet at that date. The Company’s results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies [Abstract]
Newly Adopted Accounting Standards	(a) Newly Adopted Accounting Standards “Income Taxes - Simplifying the Accounting for Income Taxes” - In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, 2019-12, which simplified various aspects related to accounting for income taxes. ASU 2019-12 removed certain exceptions to the general principles in Accounting Standards Codification, or ASC, Topic 740 – Income Taxes, and clarified and amended existing guidance to improve consistent application. The adoption of ASU 2019-12 on January 1, 2021 did not have material impact on the Company’s consolidated financial statements.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Information [Abstract]
Reportable Segment Results	Australia United States Other and Corporate Total (in US$ thousands) Three months ended June 30, 2021 Total revenues $ 251,432 $ 172,824 $ — $ 424,256 Adjusted EBITDA ( 13,880) 39,434 ( 7,493) 18,061 Net (loss) income ( 63,507) 18,323 ( 9,901) ( 55,085) Total assets 1,115,815 872,345 168,427 2,156,587 Capital expenditures 13,180 16,087 435 29,702 Three months ended June 30, 2020 Total revenues $ 228,410 $ 75,938 $ — $ 304,348 Adjusted EBITDA ( 6,804) 3,490 ( 7,163) ( 10,477) Net loss ( 16,933) ( 74,006) ( 23,391) ( 114,330) Total assets 1,043,222 975,045 83,042 2,101,309 Capital expenditures 13,535 6,396 578 20,509 Six months ended June 30, 2021 Total revenues $ 489,726 $ 310,641 $ — $ 800,367 Adjusted EBITDA ( 36,937) 75,963 ( 13,324) 25,702 Net (loss) income ( 105,838) 28,713 ( 18,932) ( 96,057) Total assets 1,115,815 872,345 168,427 2,156,587 Capital expenditures 20,214 30,625 1,468 52,307 Six months ended June 30, 2020 Total revenues $ 473,555 $ 240,111 $ — $ 713,666 Adjusted EBITDA 6,260 41,740 ( 13,056) 34,944 Net loss ( 22,900) ( 64,877) ( 35,419) ( 123,196) Total assets 1,043,222 975,045 83,042 2,101,309 Capital expenditures 18,804 41,917 1,206 61,927
Reconciliation of EBITDA to Net Income	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (in US$ thousands) (in US$ thousands) Net loss $ ( 55,085) $ ( 114,330) $ ( 96,057) $ ( 123,196) Depreciation, depletion and amortization 41,212 41,547 94,293 86,849 Interest expense (net of income) 16,596 12,064 31,731 24,318 Other foreign exchange losses (gains) 140 9,777 1,889 4,217 Loss on extinguishment of debt 5,744 — 5,744 — Income tax expense (benefit) 8,184 ( 22,646) ( 10,884) ( 20,355) Impairment of assets — 63,111 — 63,111 Restructuring costs (1) 2,300 — 2,300 — Losses on idled assets held for sale (2) 836 — 2,330 — Unwind of discounting and credit losses ( 1,866) — ( 5,644) — Consolidated Adjusted EBITDA $ 18,061 $ ( 10,477) $ 25,702 $ 34,944 (1) (2)
Reconciliation of Capital Expenditures	Six months ended June 30, 2021 2020 (in US$ thousands) Capital expenditures per Condensed Consolidated Statements of Cash Flows $ 58,307 $ 61,927 Payment for capital acquired in prior periods ( 6,000) — Capital expenditures per segment detail $ 52,307 $ 61,927
Disaggregation of Revenue	Three months ended June 30, 2021 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 221,659 $ 168,472 $ 390,131 Thermal coal 21,090 2,543 23,633 Total coal revenue 242,749 171,015 413,764 Other (1) 8,683 1,809 10,492 Total $ 251,432 $ 172,824 $ 424,256 Three months ended June 30, 2020 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 194,909 $ 74,839 $ 269,748 Thermal coal 25,041 417 25,458 Total coal revenue 219,950 75,256 295,206 Other (1) 8,460 682 9,142 Total $ 228,410 $ 75,938 $ 304,348 Six months ended June 30, 2021 Australia United States Total (in US$ thousands) Product Groups Metallurgical coal $ 428,110 $ 305,456 $ 733,566 Thermal coal 44,089 3,311 47,400 Total coal revenue 472,199 308,767 780,966 Other (1) 17,527 1,874 19,401 Total $ 489,726 $ 310,641 $ 800,367 Six months ended June 30, 2020 Australia United States Total (in US$ thousands) Product Groups Metallurgical coal $ 407,831 $ 234,198 $ 642,029 Thermal coal 50,650 2,138 52,788 Total coal revenue 458,481 236,336 694,817 Other (1) 15,074 3,775 18,849 Total $ 473,555 $ 240,111 $ 713,666 (1) Other revenue for the Australian segment includes the amortization of the Stanwell non-market coal supply contract obligation liability.

Expenses (Tables)

Expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Expenses [Abstract]
Schedule of Other, Net	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (in US$ thousands) (in US$ thousands) Other foreign exchange losses $ ( 140) $ ( 9,777) $ ( 1,889) $ ( 4,217) Other income (expense) 710 1,240 ( 469) ( 268) Total Other, net $ 570 $ ( 8,537) $ ( 2,358) $ ( 4,485)

Provision for Credit Losses (Ta

Provision for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Provision for Credit Losses [Abstract]
Schedule of Credit Losses	(in US$ thousands) Trade and related party trade receivables Other Assets Total As at January 1, 2021 $ 9,298 $ — $ 9,298 Change in estimates during the current period ( 120) 407 287 Unwind of provision for expected credit losses ( 5,931) — ( 5,931) As of June 30, 2021 $ 3,247 $ 407 $ 3,654

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventories [Abstract]
Schedule of Inventories	(in US$ thousands) June 30, 2021 December 31,2020 Raw coal $ 16,587 $ 19,557 Saleable coal 43,646 26,581 Total coal inventories 60,233 46,138 Supplies inventory 59,720 63,997 Total inventories $ 119,953 $ 110,135

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	(in US$ thousands) June 30, 2021 December 31,2020 Land $ 27,647 $ 27,985 Buildings and improvements 89,311 89,726 Plant, machinery, mining equipment and transportation vehicles 964,852 939,521 Mineral rights and reserves 374,310 374,340 Office and computer equipment 8,756 4,316 Mine development 574,971 577,631 Asset retirement obligation asset 80,079 81,603 Construction in process 32,320 38,321 2,152,246 2,133,443 Less accumulated depreciation, depletion and amortization 688,741 611,935 Net property, plant and equipment $ 1,463,505 $ 1,521,508

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Accrued Expenses and Other Current Liabilities [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	(in US$ thousands) June 30, 2021 December 31,2020 Wages and employee benefits $ 42,262 $ 32,386 Taxes other than income taxes 9,252 7,024 Accrued royalties 30,754 36,149 Accrued freight costs 25,304 29,199 Accrued mining fees 62,828 76,044 Acquisition related accruals 32,327 33,119 Other liabilities 26,537 20,605 Total accrued expenses and other current liabilities $ 229,264 $ 234,526

Interest Bearing Liabilities (T

Interest Bearing Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Interest Bearing Liabilities [Abstract]
Summary of Interest Bearing Liabilities	The following is a summary of interest-bearing liabilities at June 30, 2021: (in US$ thousands) June 30, 2021 December 31, 2020 Weighted Average Interest Rate at June 30, 2021 Final Maturity 10.75% Senior Secured Notes $ 350,000 $ — 12.14% (2) 2026 ABL Facility — — 2024 Multicurrency Revolving Syndicated Facility — 327,625 2023 Discount and debt issuance costs (1) ( 17,866) — Total interest bearing liabilities $ 332,134 $ 327,625 (1) (2)

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings per Share [Abstract]
Schedule of Earnings Per Share	Basic and diluted earnings per share was calculated as follows (in thousands, except per share data): Three months ended June 30, Six months ended June 30, (in US$ thousands, except per share data) 2021 2020 2021 2020 Numerator: Net loss $ ( 55,085) $ ( 114,330) $ ( 96,057) $ ( 123,196) Less: Net loss attributable to Non-controlling interest — ( 2) ( 2) ( 4) Net loss attributable to Company stockholders $ ( 55,085) $ ( 114,328) $ ( 96,055) $ ( 123,192) Denominator (in thousands): Weighted-average shares of common stock outstanding 152,877 96,652 145,633 96,652 Weighted average diluted shares of common stock outstanding 152,877 96,652 145,633 96,652 Earnings Per Share (US$): Basic ( 0.36) ( 1.18) ( 0.66) ( 1.27) Dilutive ( 0.36) ( 1.18) ( 0.66) ( 1.27)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Capital Structure [Abstract]
Schedule of Accumulated Other Comprehensive Losses	Net unrealized gain (loss) (in US$ thousands) Foreign currency translation adjustments Cash flow fuel hedges Total Balance at December 31, 2020 $ ( 26,777) $ ( 2,029) $ ( 28,806) Net current-period other comprehensive income (loss): Gain in other comprehensive income (loss) before reclassifications 1,130 11,446 12,576 Loss on long-term intra-entity foreign currency transactions ( 9,960) — ( 9,960) Gains reclassified from accumulated other comprehensive income (loss) — ( 3,062) ( 3,062) Tax effects — ( 2,135) ( 2,135) Total net current-period other comprehensive gain (loss) ( 8,830) 6,249 ( 2,581) Balance at June 30, 2021 $ ( 35,607) $ 4,220 $ ( 31,387)

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments [Abstract]
Future Minimum Royalties	(in US$ thousands) Amount Year ending December 31, 2021 $ 3,593 2022 5,656 2023 4,978 2024 5,443 2025 4,729 Thereafter 24,702 Total $ 49,101 Mineral leases are not in scope of ASC 842 and continue to be accounted for under the guidance in ASC 932, Extractive Activities – Mining.

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021segment
Buchanan And Logan Segment [Member]
Segment Reporting Information [Line Items]
Number of operating segments	2
Greenbrier Segment [Member]
Segment Reporting Information [Line Items]
Number of operating segments	1
Pangburn-Shaner-Fallowfield And Russel County Segment [Member]
Segment Reporting Information [Line Items]
Number of operating segments	2
Amonate Segment [Member]
Segment Reporting Information [Line Items]
Number of operating segments	1

Segment Information (Reportable

Segment Information (Reportable Segment Results) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Reportable segment results
Total revenues	$ 424,256		$ 304,348		$ 800,367	$ 713,666
Adjusted EBITDA	18,061		(10,477)		25,702	34,944
Net loss	(55,085)	$ (40,972)	(114,330)	$ (8,865)	(96,057)	(123,196)
Total assets	2,156,587		2,101,309		2,156,587	2,101,309	$ 2,148,476
Capital expenditures	29,702		20,509		52,307	61,927
Other and Corporate [Member]
Reportable segment results
Adjusted EBITDA	(7,493)		(7,163)		(13,324)	(13,056)
Net loss	(9,901)		(23,391)		(18,932)	(35,419)
Total assets	168,427		83,042		168,427	83,042
Capital expenditures	435		578		1,468	1,206
Australia Segment [Member] | Operating Segments [Member]
Reportable segment results
Total revenues	251,432		228,410		489,726	473,555
Adjusted EBITDA	(13,880)		(6,804)		(36,937)	6,260
Net loss	(63,507)		(16,933)		(105,838)	(22,900)
Total assets	1,115,815		1,043,222		1,115,815	1,043,222
Capital expenditures	13,180		13,535		20,214	18,804
United States Segment [Member] | Operating Segments [Member]
Reportable segment results
Total revenues	172,824		75,938		310,641	240,111
Adjusted EBITDA	39,434		3,490		75,963	41,740
Net loss	18,323		(74,006)		28,713	(64,877)
Total assets	872,345		975,045		872,345	975,045
Capital expenditures	$ 16,087		$ 6,396		$ 30,625	$ 41,917

Segment Information (Reconcilia

Segment Information (Reconciliation of EBITDA to Net Income) (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Information [Abstract]
Net (loss) income	$ (55,085,000)	$ (40,972,000)	$ (114,330,000)	$ (8,865,000)	$ (96,057,000)	$ (123,196,000)
Depreciation, depletion and amortization	41,212,000		41,547,000		94,293,000	86,849,000
Interest expense (net of income)	16,596,000		12,064,000		(31,731,000)	(24,318,000)
Other foreign exchange gains (losses)	140,000		9,777,000		(1,889,000)	(4,217,000)
Loss on extinguishment of debt	5,744,000		0		5,744,000	0
Income tax expense (benefit)	8,184,000		(22,646,000)		10,884,000	20,355,000
Impairment of assets	0		(63,111,000)		0	63,111,000
Restructuring costs	2,300,000		0		2,300,000	0
Losses on idled assets held for sale	(836,000)		0		(2,330,000)
Unwind of discounting and credit losses	(1,866,000)		0		(5,644,000)	0
Consolidated Adjusted EBITDA	$ 18,061,000		$ (10,477,000)		$ 25,702,000	$ 34,944,000

Segment Information (Reconcil_2

Segment Information (Reconciliation of Capital Expenditures) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures per Condensed Consolidated Statements of Cash Flows	$ 58,307	$ 61,927
Operating Segments [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures per Condensed Consolidated Statements of Cash Flows	58,307	61,927
Accruals for capital expenditures	(6,000)	0
Capital expenditures per segment detail	$ 52,307	$ 61,927

Segment Information (Disaggrega

Segment Information (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 424,256	$ 304,348	$ 800,367	$ 713,666
Other revenues	10,492	9,142
Total	424,256	304,348	800,367	713,666
Product Groups [Member]
Disaggregation of Revenue [Line Items]
Total	424,256	304,348	800,367	713,666
Metallurgical Coal [Member]
Disaggregation of Revenue [Line Items]
Revenues	390,131	269,748
Total			733,566	642,029
Thermal Coal [Member]
Disaggregation of Revenue [Line Items]
Revenues	23,633	25,458
Total			47,400	52,788
Total Coal Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	413,764	295,206
Total			780,966	694,817
Other [Member]
Disaggregation of Revenue [Line Items]
Total			19,401	18,849
Australia Segment [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Other revenues	8,683	8,460
Total	251,432	228,410	489,726	473,555
Australia Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	221,659	194,909
Total			428,110	407,831
Australia Segment [Member] | Thermal Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	21,090	25,041
Total			44,089	50,650
Australia Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	242,749	219,950
Total			472,199	458,481
Australia Segment [Member] | Other [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Total			17,527	15,074
United States Segment [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Other revenues	1,809	682
Total	172,824	75,938	310,641	240,111
United States Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	168,472	74,839
Total			305,456	234,198
United States Segment [Member] | Thermal Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,543	417
Total			3,311	2,138
United States Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 171,015	$ 75,256
Total			308,767	236,336
United States Segment [Member] | Other [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Total			$ 1,874	$ 3,775

Expenses (Schedule of Other, Ne

Expenses (Schedule of Other, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Expenses [Abstract]
Other foreign exchange (losses) gains	$ (140)	$ (9,777)	$ 1,889	$ 4,217
Other expenses	710	1,240	(469)	(268)
Total Other, net	$ 570	$ (8,537)	$ (2,358)	$ (4,485)

Capital Structure (Narrative) (

Capital Structure (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Millions	Jun. 01, 2021AUD ($)$ / sharesshares	Jun. 01, 2021USD ($)	May 14, 2021AUD ($)$ / sharesshares	May 14, 2021USD ($)	Jun. 30, 2021$ / sharesshares	Jun. 30, 2021USD ($)$ / sharesshares	Mar. 31, 2021shares	Dec. 31, 2020$ / sharesshares	Jun. 30, 2020shares	Mar. 31, 2020shares	Dec. 31, 2019shares
Capital Structure [Line Items]
Entitlement offer, ratio			0.0473
Gross proceeds | $						$ 97,741
Par value | $ / shares					$ 0.01	$ 0.01		$ 0.01
Common stock shares issued					167,645,373	167,645,373		138,387,890
EMG [Member]
Capital Structure [Line Items]
Ownership percentage			50.40%
CHESS Depositary Interests [Member]
Capital Structure [Line Items]
Shares issued	39,466,010		253,108,820		845,061,399	845,061,399
Price per share | $ / shares	$ 0.45		$ 0.45
Gross proceeds	$ 17.8	$ 13,700	$ 113.9	$ 87,700
Shares outstanding					1,676,453,730	1,676,453,730		1,383,878,900
CHESS Depositary Interests [Member] | Coronado Group LLC [Member] | New Investors [Member]
Capital Structure [Line Items]
Shares outstanding					831,392,331	831,392,331
CHESS Depositary Interests [Member] | EMG [Member]
Capital Structure [Line Items]
Shares issued			71,980,363
Price per share | $ / shares			$ 0.45
Gross proceeds			$ 32.4	$ 24,900
Common Stock [Member]
Capital Structure [Line Items]
Shares issued	3,946,601		25,310,882		29,257,483	29,257,483
New shares issued					29,257,483
Shares outstanding					167,645,373	167,645,373	138,387,890	138,387,890	96,651,692	96,651,692	96,651,692
Common Stock [Member] | Coronado Group LLC [Member]
Capital Structure [Line Items]
Shares issued					84,506,140	84,506,140
Common Stock [Member] | Coronado Group LLC [Member] | New Investors [Member]
Capital Structure [Line Items]
Shares outstanding					83,139,233	83,139,233
Common Stock [Member] | EMG [Member]
Capital Structure [Line Items]
Shares issued			7,198,036

Trade and Related Party Recei_2

Trade and Related Party Receivables (Narrative) (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jun. 30, 2021	May 27, 2021	Jun. 30, 2021	Jun. 30, 2020	May 27, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Unwound of provision for expected credit losses							$ (5,931)
Provision for discounting and credit losses				$ (1,866)	$ 0		(5,644)	$ 0
Trade receivables		$ 209,184		209,184			209,184		$ 175,206
Revenues				424,256	$ 304,348		800,367	713,666
Reduction in accounts receivable							45,205	$ (6,223)
Xcoal Energy and Resources [Member]
Related Party Transaction [Line Items]
Revenue from related parties			$ 29,300	9,000		$ 97,300	89,100
Related party receivables									91,000
Receipts from related party							48,300
Provision on expected credit losses									9,000
Unwound of provision for expected credit losses				2,100			5,900
Provision for discounting and credit losses							3,100		9,000
Trade receivables, before provision for credit loss		36,900		36,900			36,900
Trade receivables		33,800		$ 33,800			$ 33,800		82,000
Letters of credit outstanding, amount									5,800
Revenues		$ 14,400
Xcoal Energy and Resources [Member] | Financial Asset, Past Due [Member]
Related Party Transaction [Line Items]
Related party receivables									$ 85,200
Xcoal Energy and Resources [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Trade receivables	$ 33,500
Reduction in accounts receivable	$ 3,400

Provision for Credit Losses (Sc

Provision for Credit Losses (Schedule of Credit Losses) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Provision for Credit Losses [Line Items]
Beginning balance	$ 9,298
Change in estimates during the period	287
Unwound of provision for expected credit losses	5,931
Ending balance	3,654
Accounts Receivable [Member]
Provision for Credit Losses [Line Items]
Beginning balance	9,298
Change in estimates during the period	(120)
Unwound of provision for expected credit losses	5,931
Ending balance	3,247
Other Assets [Member]
Provision for Credit Losses [Line Items]
Beginning balance	0
Change in estimates during the period	407
Unwound of provision for expected credit losses	0
Ending balance	$ 407

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventories [Abstract]
Raw coal	$ 16,587	$ 19,557
Saleable coal	43,646	26,581
Total coal inventories	60,233	46,138
Supplies inventories	59,720	63,997
Total inventories	$ 119,953	$ 110,135

Property, Plant and Equipment (

Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	$ 2,152,246	$ 2,133,443
Less accumulated depreciation, depletion and amortization	688,741	611,935
Net property, plant and equipment	1,463,505	1,521,508
Land [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	27,647	27,985
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	89,311	89,726
Plant, Machinery, Mining Equipment And Transportation Vehicles [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	964,852	939,521
Mineral Rights And Reserves [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	374,310	374,340
Office And Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	8,756	4,316
Mine Development [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	574,971	577,631
Asset Retirement Obligation Asset [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	80,079	81,603
Construction In Process [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	$ 32,320	$ 38,321

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Schedule of Accrued Expenses and Other Current Liabilities) (Details) $ in Thousands, $ in Millions	Jun. 30, 2021AUD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020AUD ($)	Dec. 31, 2020USD ($)
Accrued Expenses and Other Current Liabilities [Abstract]
Wages and employee benefits		$ 42,262		$ 32,386
Taxes other than income taxes		9,252		7,024
Accrued royalties		30,754		36,149
Accrued freight costs		25,304		29,199
Accrued mining fees		62,828		76,044
Acquisition related accruals		32,327		33,119
Other liabilities		26,537		20,605
Total accrued expenses and other current liabilities		229,264		234,526
Stamp duty payable	$ 43	$ 32,300	$ 43	$ 32,300

Interest Bearing Liabilities (N

Interest Bearing Liabilities (Narrative) (Details)	May 14, 2021USD ($)	May 12, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment			$ (5,744,000)	$ 0	$ (5,744,000)	$ 0
Debt issuance costs			17,866,000		17,866,000		$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayments of long term debt	$ 324,100,000
Loss on debt extinguishment	$ 5,700,000
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 350,000,000
Interest rate		10.75%
Percentage of principal issued		98.112%
Long-term debt			350,000,000		$ 350,000,000		0
Debt Instrument, Maturity Date					May 15, 2026
Debt issuance costs		$ 11,600,000
Debt discount		6,600,000
Senior Secured Notes [Member] | EMG [Member]
Debt Instrument [Line Items]
Principal amount		$ 65,000,000
Interest payable			900,000		$ 900,000
Senior Secured Notes [Member] | Debt Instrument, Redemption, Change of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage		101.00%
Proceeds from issuance of notes		$ 331,800,000
Senior Secured Notes [Member] | Debt Instrument, Redemption, Change of Control [Member] | Maximum [Member]
Debt Instrument [Line Items]
Redemption price, percentage		90.00%
Senior Secured Notes [Member] | Debt Instrument, Redemption, Change of Control [Member] | Minimum [Member]
Debt Instrument [Line Items]
Redemption price, percentage		60.00%
Redemption period		120 days
Senior Secured Notes [Member] | Debt Instrument, Redemption, Changes in Tax Law [Member]
Debt Instrument [Line Items]
Redemption price, percentage		100.00%
Senior Secured Notes [Member] | Debt Instrument, Redemption, Beginning May 15, 2023 [Member]
Debt Instrument [Line Items]
Redemption price, percentage		108.063%
Senior Secured Notes [Member] | Debt Instrument, Redemption, During Twelve-month Period to May 15, 2023 [Member]
Debt Instrument [Line Items]
Redemption price, percentage		103.00%
Senior Secured Notes [Member] | Debt Instrument, Redemption, Any Time Prior to May 15 2023 [Member]
Debt Instrument [Line Items]
Redemption price, percentage		110.75%
Senior Secured Notes [Member] | Debt Instrument, Redemption, Beginning May 15, 2025 [Member]
Debt Instrument [Line Items]
Redemption price, percentage		100.00%
ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 100,000,000
Available credit		100,000,000	0		0
Long-term debt			0		$ 0		$ 0
Debt issuance costs		5,400,000
Swingline loans		5,000,000
Fixed charge coverage ratio					1
ABL Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Available credit		$ 30,000,000	0		$ 0
Line of credit			$ 0		$ 0

Interest Bearing Liabilities (S

Interest Bearing Liabilities (Summary of Interest Bearing Liabilities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	May 12, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Discount and debt issuance costs	$ 17,866		$ 0
Interest bearing liabilities	332,134		327,625
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 350,000		0
Discount and debt issuance costs		$ 11,600
Weighted Average Interest Rate	12.14%
Final Maturity	2026
ABL Facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0		0
Discount and debt issuance costs		$ 5,400
Final Maturity	2024
Multicurrency Revolving Syndicated Facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0		$ 327,625
Final Maturity	2023

Other Financial Liabilities (Na

Other Financial Liabilities (Narrative) (Details) $ in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2021AUD ($)	Jun. 30, 2021USD ($)	Jan. 06, 2021	Dec. 31, 2020USD ($)
Line of Credit Facility [Line Items]
Long-term debt		$ 332,134		$ 327,625
Liabilities		1,351,275		1,341,613
Current liabilities		417,589		$ 387,746
Third Party Financer [Member]
Line of Credit Facility [Line Items]
Proceeds from debt	$ 30.2	23,500
Liabilities		20,400
Current liabilities		$ 4,000
Third Party Financer [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Debt instrument, interest rate			7.80%
Debt term	5 years	5 years

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	Apr. 09, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Taxes
Unrecognized tax benefits		$ 0		$ 0			$ 0
Income tax benefit		8,184,000	$ (22,646,000)	10,884,000	$ 20,355,000
Income loss before tax		(46,901,000)	$ (136,976,000)	(106,941,000)	$ (143,551,000)
Effective tax rate					14.20%
Australia Segment [Member]
Income Taxes
Deferred tax assets, valuation allowance		$ 19,800,000		$ 19,800,000
State And Local Jurisdiction [Member] | West Virginia [Member]
Income Taxes
Change in enacted tax law	$ 900,000
Scenario, Forecast [Member]
Income Taxes
Effective tax rate						10.19%

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net loss	$ (55,085)	$ (40,972)	$ (114,330)	$ (8,865)	$ (96,057)	$ (123,196)
Less: Net loss attributable to noncontrolling interest	0		(2)		(2)	(4)
Net income attributable to Company stockholders	$ (55,085)		$ (114,328)		$ (96,055)	$ (123,192)
Denominator:
Weighted-average shares of common stock outstanding	152,877		96,652		145,633	96,652
Weighted average diluted shares of common stock outstanding	152,877		96,652		145,633	96,652
Earnings Per Share (US$):
Basic	$ (0.36)		$ (1.18)		$ (0.66)	$ (1.27)
Diluted	$ (0.36)		$ (1.18)		$ (0.66)	$ (1.27)

Derivatives and Fair Value Me_2

Derivatives and Fair Value Measurement (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	May 12, 2021
Derivatives, Fair Value [Line Items]
Proceeds from derivative	$ 5,800,000
Derivative contract outstanding	0
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of notes	372,800,000
Fair Value, Measurements, Recurring
Derivatives, Fair Value [Line Items]
Financial instruments measured at fair value	0
ABL Facility [Member]
Derivatives, Fair Value [Line Items]
Available credit	0	$ 100,000,000
Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains (loss), net of tax	$ 4,200,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Losses (Schedule of Accumulated Comprehensive Losses) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income, beginning of period		$ (28,806)			$ (28,806)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications					12,576
Loss on long-term intra-entity foreign currency transactions					(9,960)
Gain reclassified from accumulated other comprehensive gain (loss)					(3,062)
Tax effects	$ (24)	(2,111)	$ (6,534)	$ (13,781)	(2,135)
Total net current-period other comprehensive gain (loss)	(2,898)	317	$ 58,707	$ (87,759)	(2,581)	$ (29,052)
Accumulated other comprehensive income, end of period	(31,387)				(31,387)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income, beginning of period		(26,777)			(26,777)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications					1,130
Loss on long-term intra-entity foreign currency transactions					(9,960)
Gain reclassified from accumulated other comprehensive gain (loss)					0
Tax effects					0
Total net current-period other comprehensive gain (loss)					(8,830)
Accumulated other comprehensive income, end of period	(35,607)				(35,607)
Net Unrealized Gain (Loss) On Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income, beginning of period		$ (2,029)			(2,029)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications					11,446
Loss on long-term intra-entity foreign currency transactions					0
Gain reclassified from accumulated other comprehensive gain (loss)					(3,062)
Tax effects					(2,135)
Total net current-period other comprehensive gain (loss)					6,249
Accumulated other comprehensive income, end of period	$ 4,220				$ 4,220

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Commitments [Abstract]
Purchase commitments for capital expenditures	$ 20.3
Take-or-pay arrangement term	11 years
Take-or-pay arrangements, total	$ 1,300
Take-or-pay arrangements, due within the next year	$ 104.3

Commitments (Future Minimum Roy

Commitments (Future Minimum Royalties) (Details) $ in Thousands	Jun. 30, 2021USD ($)
Commitments [Abstract]
2021	$ 3,593
2022	5,656
2023	4,978
2024	5,443
2025	4,729
Thereafter	24,702
Total	$ 49,101

Contingencies (Narrative) (Deta

Contingencies (Narrative) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Company guarantees	$ 46,200,000
Surety bonds	29,700,000
Restricted deposits and reclamation bonds	72,709,000	$ 8,425,000
ABL Facility [Member] | Letter of Credit [Member]
Loss Contingencies [Line Items]
Line of credit	$ 0

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Subsequent Event [Line Items]
Gross proceeds	$ 97,741