# EDGAR Filing Document

**Accession Number:** 0001770561
**File Stem:** 0001562762-26-000024
**Filing Date:** 2026-3
**Character Count:** 97138
**Document Hash:** ee640762714d303095a8f3caf3baf4e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562762-26-000024.hdr.sgml**: 20260303

**ACCESSION NUMBER**: 0001562762-26-000024

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 180

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260303

**DATE AS OF CHANGE**: 20260303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Coronado Global Resources Inc.
- **CENTRAL INDEX KEY:** 0001770561
- **STANDARD INDUSTRIAL CLASSIFICATION:** BITUMINOUS COAL & LIGNITE MINING [1220]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 831780608
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56044
- **FILM NUMBER:** 26713013

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** LEVEL 33 CENTRAL PLAZA ONE
- **STREET 2:** 345 QUEEN STREET
- **CITY:** BRISBANE
- **NON US STATE TERRITORY:** QUEENSLAND
- **PROVINCE COUNTRY:** C3
- **BUSINESS PHONE:** 00 61 7 3031 7777

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** LEVEL 33 CENTRAL PLAZA ONE
- **STREET 2:** 345 QUEEN STREET
- **CITY:** BRISBANE
- **NON US STATE TERRITORY:** QUEENSLAND
- **PROVINCE COUNTRY:** C3

## Exhibit 10.6

![ex106p1i0](ex106p1i0.gif)

#### As approved by the Compensation and Nominating Committee of the Board on:

#### December 2, 2025

#### Supersedes prior version effective from:

#### January 1, 2019

#### Exhibit 10.6

#### SHORT TERM INCENTIVE PLAN – EXECUTIVE KMPs
1. #### PURPOSE
These guidelines provide information on the Coronado Global Resources Short Term Incentive (STI) plan of

which executive (being the CEO and any direct report of the CEO) Key Management Personnel (KMPs) of

Coronado Global Resources Inc (the Company) may be eligibile to participate.

The STI does not form part of a KMP's contract of employment nor does STI form part of their salary for the

purpose of calculating payment in lieu of notice or any other entitlement (except for superannuation / 401k

contributions by the Company).

All payments remain at the absolute discretion of the Company's Board of Directors (the Board) and can be

reduced or cancelled at any time throughout the performance period.

The performance period relative to the STI commences on January 1, each year and concludes on

December 31. The plan will be reviewed annually and is subject to change at the discretion of the Company's

Board of Directors.

2. #### ELIGIBILITY
All KMPs, whose employment commences prior to 1 October of the performance year and who are employed on

an ongoing basis as at 31 December of the performance year will be eligible to participate in the STI plan.

Where a participant ceases employment before 31 December by reason of redundancy, ill health, death or

retirement, they may be entitled to receive a pro-rata amount of the STI based on the actual performance against

the applicable measures and the period employed during the year. Determination of entitlements will be made

by the Board and if so approved by the Board, payment will be made following the end of the STI performance

period.

3. #### OPPORTUNITY / PAYMENT
Maximum STI opportunity will be expressed as a percentage of Total Employment Cost (TEC) for those KMP on

TEC packages; and as a percentage of base salary for those on base arrangements.

Any award of STI to the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer will be

delivered as follows:

● 50% will be delivered in cash after the release of the Company's audited full-year financial results; and

● 50% will be deferred for 12 months and delivered in cash after the release of the Company's audited full-

year financial results for the year following the year of the award. The payment of the deferred STI is not

contingent on continued service to the deferred payment date.

Awards of STI to other KMPs will be delivered in cash without any deferral. Payments will be calculated and

made as soon as practicable after the audited results have been received and accepted by the Board.

Payments will be calculated based on the participant's TEC / base salary as at 31 December of the performance

year.

Regardless of business performance, payments may be reduced or cancelled with respect to individual

performance or behaviour at the discretion of the Board.

![ex106p1i0](ex106p1i0.gif)

#### As approved by the Compensation and Nominating Committee of the Board on:

#### December 2, 2025

#### Supersedes prior version effective from:

#### January 1, 2019
4. #### STI MEASURES
The STI performance targets and other relevant measures to apply each year shall be approved by the

Compensation and Nominating Committee of the Board, or otherwise in accordance with the Charter of the

Committee or the Board on an annual basis.

## Exhibit 21.1

#### EXHIBIT 21.1

#### Coronado Global Resources Inc.

#### subsidiaries

#### as of December 31, 2025

#### Name

#### Coronado's Effective Ownership

#### Place of

#### Incorporation
Buchanan Minerals, LLC

100%

Delaware

Buchanan Mining Company LLC

100%

Delaware

Coronado Australia Holdings Pty Ltd

100%

Australia

Coronado Coal Corporation

100%

Delaware

Coronado Coal II LLC

100%

Delaware

Coronado Coal LLC

100%

Delaware

Coronado Curragh Pty Ltd

100%

Australia

Coronado Finance Pty Ltd

100%

Australia

Coronado Curragh LLC

100%

Delaware

Coronado II LLC

100%

Delaware

Coronado IV LLC

100%

Delaware

Coronado VA, LLC

100%

Delaware

Curragh Coal Sales Co Pty Ltd

100%

Australia

Curragh Queensland Mining Pty Ltd

100%

Australia

Metallurgical Mineral Holdings Pty Ltd

100%

Australia

Greenbrier Minerals, LLC

100%

Delaware

Powhatan Mid-Vol Coal Sales, LLC

100%

Delaware

Mon Valley Minerals LLC

100%

Delaware

Company B Virginia LLC

100%

Virginia

## Exhibit 23.1

#### EXHIBIT 23.1

#### CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the following Registration Statements (including all amendments

thereto):

1. Registration Statement (Form S-3 No. 333-239730) of Coronado Global Resources Inc.;

2. Registration Statement (Form S-8 No. 333-236597) pertaining to the Coronado Global Resources Inc.

2018 Equity Incentive Plan and the Coronado Global Resources Inc. 2018 Non-Executive Director Plan;

3. Registration Statement (Form S-8 No. 333-249566) pertaining to the Coronado Global Resources Inc.

2018 Equity Incentive Plan;

4. Registration Statement (Form S-8 No. 333-275748) pertaining to the Coronado Global Resources Inc.

Employee Stock Purchase Plan; and

5. Registration Statement (Form S-8 No. 333-281775) pertaining to the Coronado Global Resources Inc.

2018 Equity Incentive Plan;

of our reports dated March 3, 2026 with respect to the consolidated financial statements of Coronado Global

Resources Inc. and the effectiveness of internal control over financial reporting of Coronado Global Resources

Inc. included in this Annual Report (Form 10-K) of Coronado Global Resources Inc. for the year ended December

31, 2025.

/s/ Ernst & Young

Brisbane, Australia

March 3, 2026

## Exhibit 23.2

![ex232p1i0](ex232p1i0.jpg)

Resology Pty Ltd

5 Tristania Court,

Ormiston 4160

ACN # 622 794 834

ABN # 41622794834

#### Exhibit 23.2

#### CONSENT OF BARRY LAY
I, Barry Lay, BSc Geology (Hons); MAusIMM, Managing Director of Resology Pty Ltd prepared Sections

1.3, 1.4, 1.6, 5.2, 6, 7, 8, 9, 10, 11, 21, 22, 23, 24, 25 and 26 of the Technical Report Summary titled "

*Coronado Global Resources Inc. ("Coronado") Statement of Coal Resources and Reserves for the* 

*Curragh Mine Complex in Accordance with the JORC Code and United States SEC Regulation S-K* 

*1300 as of December 31, 2023 Bowen Basin Queensland, Australia*

", dated February 15, 2024 (the

"Technical Report Summary").

With respect to the portions of the Technical Report Summary that I prepared, I hereby consent to the

filing with the Securities and Exchange Commission of the Technical Report Summary as an exhibit to

the Annual Report on Form 10-K for the year ended December 31, 2025 (the "Annual Report") of

Coronado Global Resources Inc. (the "Company") and to the incorporation by reference of the Technical

Report Summary in the Company's Registration Statements on Form S-3 (No. 333-239730) and Form

S-8 (Nos. 333-236597, 333-249566, 333-275748 and 333-281775) (the "Registration Statements").

I hereby further consent to the inclusion or incorporation by reference in the Annual Report and the

Registration Statements of references to my name (including status as an expert or qualified person

(as defined in Item 1300 of Regulation S-K)) and the information derived from the portions of the

Technical Report Summary that I prepared, including any quotation therefrom or summarization thereof.

Date: February 11, 2026

/s/ Barry Lay

Name: Barry Lay

Managing Director

## Exhibit 23.3

![ex233p1i0](ex233p1i0.jpg)

Coronado Curragh Pty Ltd

ABN 90 009 362 565

Level 33, Central Plaza One, 345 Queen Street

GPO Box 51, Brisbane QLD 4000

#### T:
+61 7 3031 7777 \|

#### F:
+61 7 3229 7402

Private Mail Bag, Blackwater QLD 4717

#### T:
+61 7 4986 9211 \|

#### F:
+61 7 4986 9361

www.coronadoglobal.com

#### Exhibit 23.3

#### CONSENT OF DANIEL MILLERS
I, Daniel Millers, B. Eng.; MAusIMM(CP), Superintendent Long Term Planning of Coronado Curragh Pty Ltd, a

wholly owned subsidiary of Coronado Global Resources Inc. (the "Company"), prepared Sections 1.1, 1.2, 1.5,

1.7 through to 1.10, 2 through to 5, 12.1, 13.1 and 14 through to 26 and reviewed all other sections of the technical

report summary titled "Coronado Global Resources Inc. (*"Coronado") Statement of Coal Resources and* 

*Reserves for the Curragh Mine Complex in Accordance with the JORC Code and United States SEC Regulation* 

*S-K 1300 as of December 31, 2023 Bowen Basin Queensland, Australia*," dated February 15, 2024 (the

"Technical Report Summary").

With respect to the portions of the Technical Report Summary that I prepared, I hereby consent to the filing with

the Securities and Exchange Commission of the Technical Report Summary as an exhibit to the Company's

Annual Report on Form 10-K for the year ended December 31, 2025 (the "Annual Report") and to the

incorporation by reference of the Technical Report Summary in the Company's Registration Statements on Form

S-3 (No. 333-239730) and Form S-8 (Nos. 333-236597, 333-249566, 333-275748 and 333-281775) (the

"Registration Statements").

I hereby further consent to the inclusion or incorporation by reference in the Annual Report and the Registration

Statements of references to my name (including status as an expert or qualified person (as defined in Item 1300

of Regulation S-K)) and the information derived from the portions of the Technical Report Summary that I

prepared, including any quotation therefrom or summarization thereof .

February 13, 2026

/s/ Daniel Millers

Name: Daniel Millers

## Exhibit 23.4

![ex234p1i0](ex234p1i0.jpg)

#### Exhibit 23.4

#### CONSENT OF CLAIRE MCGAHAN
I, Claire McGahan, B (Eng); MAusIMM(CP), Principal Mining Engineer of Talisman Technical Pty Ltd, prepared

Sections 12.2, 13.2, 21, 22, 23, 24, 25 and 26 of the Technical Report Summary titled "Coronado Global Resources

Inc. ("Coronado") Statement of Coal Resources and Reserves for the Curragh Mine Complex in Accordance with the

JORC Code and United States SEC Regulation S-K 1300 as of December 31, 2023 Bowen Basin Queensland,

Australia", dated February 15, 2024 (the "Technical Report Summary").

With respect to the portions of the Technical Report Summary that I prepared, I hereby consent to the filing with the

Securities and Exchange Commission of the Technical Report Summary as an exhibit to the Annual Report on Form

10-K for the year ended December 31, 2025 (the "Annual Report") of Coronado Global Resources Inc. (the

"Company") and to the incorporation by reference of the Technical Report Summary in the Company's Registration

Statements on Form S-3 (No. 333-239730) and Form S-8 (Nos. 333-236597, 333-249566, 333-275748 and 333-

281775) (the "Registration Statements").

I hereby further consent to the inclusion or incorporation by reference in the Annual Report and the Registration

Statements of references to my name (including status as an expert or qualified person (as defined in Item 1300 of

Regulation S-K)) and the information derived from the portions of the Technical Report Summary that I prepared,

including any quotation therefrom or summarization thereof.

Date: February 13, 2026

/s/ Claire McGahan

Name: Claire McGahan

Principal Mining Engineer

Talisman Technical Pty Ltd

## Exhibit 23.5

![ex235p1i0](ex235p1i0.jpg)

582 Industrial Park Road, Bluefield, VA 24605-9364

#### ■
Phone 276.322.5467

www.mma1.com

info@gmail.com

#### ENERGY & MINERAL RESOURCES ■ HYDROGEOLOGY & GEOLOGY ■ GEOPHYSICAL LOGGING SERVICES

#### CARBON MANAGEMENT ■ EXPERT WITNESS TESTIMONY ■ MINING ENGINEERING ■ PETROLEUM ENGINEERING

#### EXHIBIT 23.5

#### CONSENT OF MARSHALL MILLER & ASSOCIATES, INC.
Marshall Miller & Associates, Inc. (*MM&A*), a third-party firm comprising mining experts, prepared the

technical report summaries identified below, each dated February 1, 2025, relating to estimates of coal

resources and reserves of Coronado Global Resources Inc. (the "Company") as of December 31, 2024

(the "Technical Report Summaries"). Specifically, MM&A prepared the following Technical Report

Summaries:

1. Technical Report Summary entitled

*"Coronado Global Resources Inc. Statement of Coal* 

*Resources and Reserves for the Buchanan Mine Complex in Accordance with the JORC Code* 

*and United States SEC Regulation S-K 1300 as of December 31, 2024 Central Appalachian Coal* 

*Basin Virginia, USA"*

;

2. Technical Report Summary entitled

*"Coronado Global Resources Inc. Statement of Coal* 

*Resources and Reserves for the Logan County Complex in Accordance with the JORC Code* 

*and United States SEC Regulation S-K 1300 as of December 31, 2024 Central Appalachian Coal* 

*Basin West Virginia, USA"*

; and

3. Technical Report Summary entitled

*"Coronado Global Resources Inc. Statement of Coal* 

*Resources and Reserves for the Mon Valley Complex Upper Freeport Holdings in Accordance* 

*with the JORC Code and United States SEC Regulation S-K 1300 as of December 31, 2024* 

*Northern Appalachian Coal Basin Pennsylvania, USA."*

MM&A hereby consents to the filing with the Securities and Exchange Commission of the Technical

Report Summaries as exhibits to the Company's Annual Report on Form 10-K for the year ended

December 31, 2025 (the "Annual Report") and to the incorporation by reference of the Technical Report

Summaries in the Company's Registration Statements on Form S-3 (No. 333-239730) and Form S-8

(Nos. 333-236597, 333-249566, 333-275748 and 333-281775) (the "Registration Statements").

MM&A hereby further consents to the inclusion or incorporation by reference in the Annual Report and

the Registration Statements of references to the MM&A name (including status as an expert or qualified

person (as defined in Item 1300 of Regulation S-K)) and the information derived from the Technical

Report Summaries, including any quotation therefrom or summarization thereof.

Date: February 13, 2026

/s/ Justin S. Douthat

Name: Justin S. Douthat

Title: Executive Vice President

(MM&A Representative)

## Exhibit 31.1

#### EXHIBIT 31.1
CERTIFICATION

I, Douglas Thompson, certify that:

1. I have reviewed this Annual Report on Form 10-K of Coronado Global Resources Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state

a material fact necessary to make the statements made, in light of the circumstances under which such

statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly

present in all material respects the financial condition, results of operations and cash flows of the registrant as

of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls

and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial

reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and

procedures to be designed under our supervision, to ensure that material information relating to the

registrant, including its consolidated subsidiaries, is made known to us by others within those entities,

particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial

reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability

of financial reporting and the preparation of financial statements for external purposes in accordance with

generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in

this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the

end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that

occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case

of an Annual Report) that has materially affected or is reasonably likely to materially affect, the registrant's

internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal

control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of

directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over

financial reporting which are reasonably likely to adversely affect the registrant's ability to record,

process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a

significant role in the registrant's internal control over financial reporting.

Date: March 3, 2026

/s/ Douglas Thompson

Douglas Thompson

Managing Director and Chief Executive Officer

## Exhibit 31.2

#### EXHIBIT 31.2
CERTIFICATION

I, Barend J. van der Merwe, certify that:

1. I have reviewed this Annual Report on Form 10-K of Coronado Global Resources Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state

a material fact necessary to make the statements made, in light of the circumstances under which such

statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly

present in all material respects the financial condition, results of operations and cash flows of the registrant as

of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls

and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial

reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and

procedures to be designed under our supervision, to ensure that material information relating to the

registrant, including its consolidated subsidiaries, is made known to us by others within those entities,

particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial

reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability

of financial reporting and the preparation of financial statements for external purposes in accordance with

generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in

this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the

end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that

occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case

of an Annual Report) that has materially affected or is reasonably likely to materially affect, the registrant's

internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal

control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of

directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over

financial reporting which are reasonably likely to adversely affect the registrant's ability to record,

process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a

significant role in the registrant's internal control over financial reporting.

Date: March 3, 2026

/s/ Barend J. van der Merwe

Barend J. van der Merwe

Group Chief Financial Officer

## Exhibit 32.1

#### EXHIBIT 32.1
CERTIFICATIONS PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Coronado Global Resources Inc. (the "Company") on Form 10-K for the

year ended December 31, 2025, as filed with the Securities and Exchange Commission on the date hereof (the

"Annual Report"), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. Section 1350,

as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer's knowledge:

1. The Annual Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities

Exchange Act of 1934; and

2. The information contained in the Annual Report fairly presents, in all material respects, the financial

condition and results of operations of the Company as of the dates and for the periods expressed in the

Annual Report.

/s/ Douglas Thompson

Douglas Thompson

Managing Director and Chief Executive Officer

/s/ Barend J. van der Merwe

Barend J. van der Merwe

Group Chief Financial Officer

Date: March 3, 2026

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as

part of the Annual Report or as a separate disclosure document.

A signed original of this written statement required by Section 906 has been provided to the Company and will

be retained by the Company and furnished to the Securities and Exchange Commission or its staff on request.

## Exhibit 95.1

#### EXHIBIT 95.1

#### Mine Safety Disclosures
Safety is the cornerstone of our Company's values and is the number one priority for all employees at Coronado

Global Resources. Our mining operation at Curragh, located in Australia, is subject to regulation by the

Queensland Department of Natural Resources, Mine and Energy, or DNRME, under the Coal Mining Safety and

Health Act 1999 (Qld). The operation of our mines located in the United States is subject to regulation by the

Mine Safety and Health Administration, or MSHA, under the Federal Mine Safety and Health Act of 1977, or the

Mine Act. MSHA inspects these mines on a regular basis and issues various citations and orders when it believes

a violation has occurred under the Mine Act. We present information below regarding certain mining safety and

health citations that MSHA has issued with respect to our mining operations. In evaluating this information,

consideration should be given to factors such as: (i) the number of citations and orders will vary depending on

the size of the mine; (ii) the number of citations issued will vary from inspector to inspector and mine to mine; and

(iii) citations and orders can be contested and appealed and, in that process, are often reduced in severity and

amount, and are sometimes dismissed. Since MSHA is a branch of the U.S. Department of Labor, its jurisdiction

only applies to our operations in the United States. As such, the mine safety disclosures included herein do not

contain information related to our Australian mines.

Under the Dodd-Frank Act, each operator of a coal or other mine is required to include certain mine safety results

within its periodic reports filed with the Securities and Exchange Commission, or the SEC. As required by the

reporting requirements included in §1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K (17 CFR

229.104), we present the following items regarding certain mining safety and health matters, for the year ended

December 31, 2025, for each of our U.S. mine locations that are covered under the scope of the Dodd-Frank Act.

The table that follows reflects citations and orders issued to us by MSHA during the year ended December 31,

2025. The table only includes those U.S. mines that were issued orders or citations during this period, and

commensurate with SEC regulations, does not reflect orders or citations issued to independent contractors

working at our mines. The proposed assessments for the year ended December 31, 2025, were retrieved from

the MSHA Data Retrieval System, or MSHA DRS, as of January 2, 2026.

(A) (B) (C) (D) (E) (F) (G) #### MSHA Mine

#### ID No.

#### Mine Name (1)(2)(3)

#### Section

#### 104

#### S&S

#### Citations

#### Section

#### 104(b)

#### Orders

#### Section 104(d)

#### Citations and

#### Orders

#### Section 110(b)(2)

#### Violations

#### Section

#### 107(a)

#### Orders

#### Total Dollar Value of

#### MSHA Assessments

#### Proposed

#### ($ in thousands)

#### Total Number of

#### Mining Related

#### Fatalities
4404856

Buchanan Mine #1 (4)

—

—

—

—

$266.0

—

4602140

Saunders Prep Plant (5)

—

—

—

—

5.8 —

4609217

Powellton #1 Mine

—

—

—

—

83.3 —

4609319

Lower War Eagle (6)

—

—

—

—

186.4 1

4609514

Muddy Bridge (7)

—

—

—

201.7 —

4609645

Middle Fork Surface (8)

—

—

—

—

5.1 —

4609564

Elklick Surface Mine (9)

—

—

—

—

31.6 —

4609563

Eagle No. 1 Mine (10)

—

—

—

—

85.1 —

4609101

Toney Fork Surface Mine

—

—

—

—

1.5 —

4604315

Elk Lick Tipple

—

—

—

0.8 —

#### Total:

#### 246
—

#### 2

#### —

#### $867.3

#### 1
(1) The definition of "mine" under Section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting

coal, such as land, structures, facilities, equipment, machines, tools and coal preparation facilities. Also, there are instances where the mine name per the MSHA

system differs from the mine name utilized by us.

(2) Idle facilities are not included in the table above unless they received a citation, order or assessment by MSHA during the current reporting period or are subject

to pending legal actions.

(3) During the year ended December 31, 2025, none of the Company's mines have received written notice from MSHA of a pattern of violations or the potential to

have such a pattern of violations of mandatory health or safety standards that are of such nature as could have significantly and substantially contributed to the

cause and effect of coal or other mine health or safety standards under section 104(e) of the Mine Act.

(4) One of the S&S citations was vacated and two were modified to non S&S as part of a settlement in docket VA 2025-0043.

(5) One of the S&S citations was modified to non S&S as part of a settlement in docket WEVA 2025-0254.

(6) Two of the S&S citations were modified to non S&S as part of settlements in dockets, WEVA 2025-0286 and WEVA 2024-0504.

(7) One of the S&S citations was modified to non S&S as part of the settlement in WEVA 2025-287.

(8) Three of the S&S citations were modified to non S&S as part of the settlements in WEVA 2025-0381 and WEVA 2025-0291.

(9) Two of the S&S citations were modifed to non S&S as part of the settlement in WEVA 2025-0289.

(10) One of the S&S citations was modified to non S&S as part of the settlement in WEVA 2025-0288.

References used in the table above are as follows:

A. The total number of violations of mandatory health or safety standards that could significantly and substantially contribute to the cause and effect of a coal or other

mine safety or health hazard under section 104 of the Mine Act (30 U.S.C. 814) for which the operator received a citation from MSHA.

B. The total number of orders issued under section 104(b) of the Mine Act (30 U.S.C. 814(b)).

C. The total number of citations and orders for unwarrantable failure of the mine operator to comply with mandatory health or safety standards under section 104(d)

of the Mine Act (30 U.S.C. 814(d)).

D. The total number of flagrant violations under section 110(b)(2) of the Mine Act.

E. The total number of imminent danger orders issued under section 107(a) of the Mine Act (30 U.S.C. 817(a)).

F. The total dollar value of proposed assessments from MSHA under the Mine Act (30 U.S.C. 801 et seq.).

G. The total number of mining-related fatalities.

The table below presents legal actions pending before the Federal Mine Safety and Health Review Commission, or FMSHRC, for each of the Company's U.S. mines as

of December 31, 2025, together with the number of legal actions initiated and the number of legal actions resolved during the year endedDecember 31, 2025.

#### Legal Actions Pending as of Last Day of the Year (December 31, 2025) (1)

#### MSHA

#### Mine ID

#### No.

#### Mine Name

#### Contests of

#### Citations

#### and Orders

#### (Subpart B)

#### Contests of

#### Proposed

#### Penalties

#### (Subpart C) (2)

#### Complaints for

#### Compensation

#### (Subpart D)

#### Complaints of

#### Discharge,

#### Discrimination

#### or Interference

#### (Subpart E) (3)

#### Applications of

#### Temporary Relief

#### (Subpart F)

#### Appeals of Judges'

#### Decisions or

#### Orders

#### (Subpart H) (4)

#### Legal Actions

#### Initiated

#### During the Year

#### Legal Actions

#### Resolved

#### During the

#### Year
4404856

Buchanan Mine #1

—

—

—

4609563

Eagle No. 1 Mine

—

—

—

—

4609514

Muddy Bridge

—

—

—

—

4609319

Lower War Eagle

—

—

—

—

—

4609217

Powellton #1 Mine

—

—

—

—

—

4609564

Elklick Surface Mine

—

—

—

—

—

—

4602140

Saunders Prep Plant

—

—

—

—

—

—

4609645

Middle Fork Surface

—

—

—

—

—

—

#### Total:

#### 5

#### 14

#### —

#### 1

#### —

#### 2

#### 57

#### 60
(1) The legal actions pending shown in the table above have been categorized by type of proceeding with reference to the procedural rules established by the

FMSHRC under 29 CFR Part 2700. Reference to the applicable Subparts under this Rule are listed in the columns above.

(2) The complaint for discrimination filed by an employee of Buchanan Minerals remains pending.

(3) Secretary of Labor's appeals to the United States Court of Appeals for the DC Circuit of the Federal Mine Safety and Health Review Commission's decisions

denying motions for settlement approval in two cases remain pending.

## Exhibit 10.11

#### Exhibit 10.11

#### AMENDMENT NO. 2 TO THE

#### CORONADO GLOBAL RESOURCES INC.

#### EMPLOYEE STOCK PURCHASE PLAN
Coronado Global Resources Inc. (the "Company") hereby adopts this Amendment

No. 2 (the "Amendment") to the Company's Employee Stock Purchase Plan (the

"Plan") effective as of February 17, 2026.

Section 9.2 of the Plan is hereby amended in its entirety to read as follows:

"

9.2 Further notwithstanding anything in the Plan to the contrary, any monies

attributable to Employee Contributions and Matching Contributions that remain

in a Participant's Account after the last Purchase Date during a Plan Year for

any reason (including as a result of the application of Sections 8.2 or 9.3) shall

remain in the Participant's Account as Employee Contributions and Matching

Contributions, and used to purchase CDIs on the Applicable Date unless such

Participant withdraws from the Plan as provided in Sections 11 or 26 prior to

the Applicable Date. For purposes of this Section 9.2, the "

#### Applicable Date
"

shall be, as determined in the sole discretion of the Committee:

9.2.1 The first Purchase Date in the Plan Year following the Plan Year

in which such contributions were originally made (the "Contribution Year"); or

9.2.2 On or after January 1, 2026, if no Plan Year is declared and in

effect on the first date that would have been a Purchase Date if a Plan Year

had been declared immediately following the Contribution Year, then such date

that would have been a Purchase Date.

Solely for purposes of allowing such Employee Contributions and Matching

Contributions to be used to purchase CDIs on the Applicable Date described in

Section 9.2.2, the Committee will be deemed to have declared a short Plan

Year beginning on the day after the Contribution Year ended and ending on the

Applicable Date described in Section 9.2.2."

Except as specifically amended herein, the Plan shall remain unchanged, and

as amended herein, shall continue in full force and effect.

## Exhibit 10.12

#### Exhibit 10.12

#### AMENDMENT NO. 3 TO THE

#### CORONADO GLOBAL RESOURCES INC.

#### EMPLOYEE STOCK PURCHASE PLAN
Coronado Global Resources Inc. (the "Company") hereby adopts this

Amendment No. 3 (the "Amendment") to the Company's Employee Stock Purchase

Plan (the "Plan") effective as of February 26, 2026.

I. Section 2.31 of the Plan is hereby amended in its entirety to read as follows:

"

2.31 '

#### Purchase Date
' shall mean the last payroll day of February, May,

August and November (or such other dates determined by the Committee and

set forth in the applicable Offer Document) of each Plan Year ; provided that if

such payroll day is not a Trading Day, then the Purchase Date will be the first

Trading Day following such payroll day and further provided that if such date

occurs during a blackout period under the Policy, the Purchase Date will be the

first Trading Day that occurs after such blackout period ends."

Except as specifically amended herein, the Plan shall remain unchanged, and

as amended herein, shall continue in full force and effect.

## Exhibit 10.16

#### Exhibit 10.16

#### EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT ("Agreement"), made as of, June 28, 2023, effective

on July 3, 2023, between CORONADO GLOBAL RESOURCES INC. (the "Company"), a

Delaware corporation and Jeffrey Bitzer ("Employee"), presently residing in or near Johnson City,

TN.

WITNESSETH:

WHEREAS, the Company wishes to offer employment to the Employee and to protect

against Employee's competing against the Company, and Employee desires to be employed by

the Company and to provide assurances of confidentiality as set forth in this Agreement,

#### NOW,
THEREFORE, intending to be legally bound hereby, the Company hereby agrees

to employ Employee, and Employee hereby agrees to be employed by the Company, upon the

following terms and conditions:

1. Duties and Responsibilities.

Employee shall hold the position of Chief Operating Officer and shall render such services

and perform such duties commensurate with his position as may be reasonably assigned to him

from time to time by the Company. Excluding any periods of vacation and sick leave to which

Employee is entitled, Employee agrees to devote reasonable attention and time during normal

business hours to the business and affairs of the Company and, to the extent necessary to

discharge the responsibilities assigned to Employee hereunder, to use Employee's reasonable

best efforts to perform faithfully and efficiently such responsibilities. 2.

Compensation. (a)

Employee's base salary effective as of the effective date set forth above shall be

US$625,000 per year, which shall be reviewed from time to time and may be increased by the

Company in the best interests of the Company and in accordance with Employee's then current

responsibilities, paid in accordance with the Company's regular payroll practices and on regularly

scheduled payroll dates. In addition, Employee shall be entitled to participate in all short term

incentive, long term incentive, welfare, savings and retirement and other employee benefit plans,

practices, policies, and programs applicable generally to other executive officers of the Company. (b)

The Company shall reimburse the Employee for all reasonable business expenses

paid by the Employee in the performance of his duties or as otherwise may be approved by the

Company. Expenses shall be reimbursed within a reasonable period of time (not to exceed four

(4) weeks) following the submission of appropriate proof of any such expenditures. 3.

Term; Termination of Employment. (a)

Subject to the terms and provisions of this Agreement, Employee's employment

hereunder shall commence as of July 3, 2023 and shall continue until December 31, 2023 (the

"Expiration Date"). Notwithstanding the forgoing to the contrary, each year the Expiration Date

shall be automatically extended to December 31 of the following year unless either party gives

written notice to the other party, on or before September 30 of the year in which the Expiration

Date is scheduled to occur, of its intention not to extend the Expiration Date. (b)

The employment of Employee hereunder may be terminated by the Company with

or without Cause (as defined below) or by Employee with or without Good Reason (as defined

below). Employee's employment shall terminate automatically if Employee dies. If the Company

determines in good faith that the Disability (as defined below) of Employee has occurred, it may

give to Employee written notice of its intention to terminate Employee's employment. In such

event, Employee's employment with the Company shall terminate effective on the 30th day after

receipt of such notice by Employee, provided that, within the 30 days after such receipt, Employee

shall not have returned to full-time performance of Employee's duties. Nothing in this section shall

be construed to waive the Employee's rights, if any, under existing law including, without limitation,

the Americans with Disabilities Act. (c)

"Cause" shall mean by reason of Employee's: (i) conviction of, or plea of

*nolo* 

*conlendere* 

to, any felony or to any crime or offense causing substantial harm to the Company or

its affiliates or involving acts of theft, fraud, embezzlement, moral turpitude, or similar conduct, (ii)

repeated intoxication by alcohol or drugs during the performance of such Employee's duties in a

manner that materially and adversely affects the Employee's performance of such duties, (iii)

malfeasance, in the conduct of such Employee's duties, that consists of (I) willful and intentional

misuse or diversion of funds of the Company or its affiliates, (2) embezzlement, or (3) fraudulent

or willful and material misrepresentations or concealments on any written reports submitted to the

Company or its Affiliates, or (iv) material failure to perform the duties of Employee's employment

or material failure to follow or comply with the reasonable and lawful written directives of the board

of directors or the board of managers or other governing body a subsidiary or affiliate of the

Company by which such Employee is employed, in either case after the Employee shall have

been informed, in writing, of such material failure and given a period of not more than thirty (30)

days to fully remedy same. (d)

"Disability" shall mean Employee's incapacity due to physical or mental illness that

(i) shall have prevented Employee from performing his duties for the Company or any of its

subsidiaries or affiliates on a full-time basis for more than 180 days or (ii) (I) the board of directors

determines, in good faith, is likely to prevent Employee from performing such duties for such a

180-day period and (2) 30 days has elapsed since delivery to Employee of the determination of

the board and Employee has not resumed such performance of duties.

"Good Reason" shall mean, without Employee's express written consent, the occurrence of any

one or more of the following: (i) a material diminution of Employee's authorities, duties,

responsibilities, and status (including offices, titles, and reporting requirements) as an employee

of the Company or any successor thereof (any such diminution occurring as a result of the

Company's ceasing to be a publicly traded entity (or its merger into, or acquisition of the business

of the Company or of a substantial portion of its assets by, another publicly traded entity) shall be

deemed material for purposes of the foregoing); (ii) the Company's requiring Employee to be

based at a location in excess of thirty-five miles from the location of Employee's principal job

location or office immediately prior to such change; (iii) a reduction in Employee's base salary or

any material reduction by the Company of Employee's other compensation or benefits; (iv) the

failure of the Company to obtain a satisfactory agreement from any successor to the Company to

assume and agree to perform the Company's obligations under this Agreement; (v) any purported

termination by the Company of Employee's employment that (1) is not effected pursuant to a

notice of termination indicating the specific termination provision in this Agreement relied upon,

and (2) shall set forth in reasonable detail the facts and circumstances claimed to provide a

reasonable good faith basis for termination of Employee's employment; and (vi) a material breach

of this Agreement by the Company. Employee must deliver the Company written notice of his

resignation for Good Reason no later than 30 days after the occurrence of any such event in order

for Employee's resignation with Good Reason to be effective hereunder, such resignation will not

be effective until the 30th day following receipt of such written notice by the Company and such

resignation shall not be deemed to be for "Good Reason" hereunder unless the circumstance

giving rise to Employee's "Good Reason" remains uncured at the end of such 30-day period. 4.

Compensation Upon Termination of Employment. (a)

Termination by the Company for Cause or Resignation by Employee Without Good

Reason. If Employee's employment is terminated by the Company for Cause or by Employee

without Good Reason, the Company shall provide the following (referred to in this Agreement as

the "Accrued Obligations") to the Employee (i) Employee's base salary, vacation, unpaid business

expenses and other cash entitlements accrued through the date of termination shall be paid to

Employee in a lump sum of cash on the first regularly scheduled payroll date that is at least ten (10) days from the date of termination to the extent theretofore unpaid, (ii) the amount of any

compensation previously deferred by Employee shall be paid to Employee in accordance with the

terms of the applicable deferred compensation plan to the extent theretofore unpaid and (iii)

amounts that are vested benefits or that Employee is otherwise entitled to receive under any plan,

policy, practice or program of or any other contract or agreement with the Company at or

subsequent to the date of termination, payable in accordance with such plan, policy, practice or

program or contract or agreement, and the Company shall have no other severance obligations

with respect to Employee under this Agreement. (b)

Termination by the Company Without Cause or Resignation by the Employee for

Good Reason. If Employee's employment is terminated by the Company without Cause or if

Employee resigns for Good Reason, the Company shall provide the following to Employee (i) the

Accrued Obligations, payable as provided in Section 4(a) hereof, (ii) a period of twelve (12) months

("Severance Period") base salary based upon the salary Employee earned at the time of his

termination, and (iii) an amount equal to the cost to Employee for the continuation of any health

and medical benefits during the Severance Period. Any payments due hereunder shall be

conditioned upon Employee having provided, within sixty (60) days of his termination of

employment, an irrevocable waiver and general release of claims in favor of the Company (and

its respective affiliates, subsidiaries, successors, officers, directors, and employees) in a form

reasonably satisfactory to the Company. (c)

Death or Disability. If Employee's employment is terminated by reason of

Employee's death or Disability, the Company shall provide the Accrued Obligations to Employee,

or in the event of Employee's death, to his estate or beneficiaries, and the Company shall have

no other severance obligations with respect to Employee under this Agreement. (d)

Upon termination or resignation in accordance with Section 4(b), the Employee will

only be entitled to receive applicable compensation payments as set out in this Section 4(b), if

Employee signs a release of legal claims in a form mutually agreeable to the parties. 5.

Confidential Information, etc. (a)

Employee recognizes and acknowledges that: (i) in the course of Employee's

employment by the Company it will be necessary for Employee to acquire information which could

include, in whole or in part, information concerning the Company's sales, sales volume, sales

methods, sales proposals, customers and prospective customers, identity of customers and

prospective customers, identity of key purchasing personnel in the employ of customers and

prospective customers, amount or kind of customers' purchases from the Company, the

Company's sources of supply, computer programs, system documentation, special hardware,

product hardware, related software development, manuals, formulae, processes, methods,

machines, compositions, ideas, improvements, inventions or other confidential or proprietary

information belonging to the Company or relating to the Company's affairs (collectively referred to

herein as the "Confidential Information"); (ii) the Confidential Information is the property of the

Company; (iii) the use, misappropriation or disclosure of the Confidential Information would

constitute a breach of trust and could cause irreparable injury to the Company; and (iv) it is

essential to the protection of the Company's good will and to the maintenance of the Company's

competitive position that the Confidential Information be kept secret and that Employee not

disclose the Confidential Information to others or use the Confidential Information to Employee's

own advantage or the advantage of others. For purposes of this Agreement, Confidential

Information shall not include information known by Employee before his employment with the

Company or information that becomes publicly available through some means other than

disclosure by Employee in violation of this Agreement. (b)

Employee further recognizes and acknowledges that it is essential for the proper

protection of the business of the Company that Employee be restrained (i) from soliciting or

inducing any employee of the Company or of any subsidiary of the Company (for purposes of

Sections 5, 6 and 7 herein the "Company" shall mean to include any subsidiaries or affiliates

thereof) to leave the employ of the Company, (ii) from hiring or attempting to hire any Employee

of the Company, (iii) from soliciting the trade of or trading with the customers of the Company for

any business purpose, and (iv) from competing against the Company each according to the terms

of Section 6 following. 6.

Confidentiality. Non-compete and Related Covenants. (a)

Employee agrees to hold and safeguard the Confidential Information in trust for the

Company, its successors and assigns and agrees that he shall not, without the prior written

consent of the Company, disclose or make available to anyone for use outside the Company at

any time, either during his employment by the Company or subsequent to the termination or

resignation of his employment by the Company, for any reason, any of the Confidential

Information, whether or not developed by Employee, except as required in the performance of

Employee's duties to the Company. For the avoidance of doubt, this provision shall not prohibit

Employee from reporting possible violations of federal law or regulation to any governmental

agency or entity or from making other disclosures that are protected under the whistleblower

provisions of federal law or regulation. The Company's approval shall not be required, nor shall

notice to the Company be required, in connection with such reports or disclosures. (b)

Upon the termination of Employee's employment by the Company or resignation

by the Employee, for any reason, Employee shall promptly deliver to the Company all originals

and copies of correspondence, drawings, blueprints, financial and business records, marketing

and publicity materials, manuals, letters, notes, notebooks, laptops, reports, flow-charts,

programs, proposals and any documents concerning the Company's customers or concerning

products or processes used by the Company and, without limiting the foregoing, shall promptly

deliver to the Company any and all other documents or materials containing or constituting

Confidential Information. (c)

Subject to the provisions of Section 6(f) following, Employee agrees that during his

employment by the Company he shall not, directly or indirectly, solicit the trade of, or trade with,

any customer or prospective customer of the Company for any business purpose other than for

the benefit of the Company. Upon termination of Employee's employment by the Company,

including without limitation termination by the Company in a termination for Cause or otherwise,

or upon the resignation of the Employee, except in the case of Good Reason, Employee further

agrees that for a period of one (1) year after the cessation of employment hereunder, Employee

shall not, directly or indirectly, solicit the trade of, or trade with, any customers, or prospective

customers, of the Company, or solicit or induce, or attempt to solicit or induce, any employee of

the Company to leave the Company for any reason whatsoever or hire any employee of the

Company. (d)

Subject to the provisions of Section 6(f) following, during the period of Employee's

employment hereunder and upon termination of Employee's employment by the Company,

including without limitation termination by the Company in a termination for Cause or otherwise,

or upon the resignation of the Employee except in the case of Good Reason, Employee agrees

that for a period of one (I) year after the cessation of employment hereunder, Employee shall not,

in any Competitive Territory, engage, directly or indirectly, whether as principal or as agent, officer,

director, employee, consultant, shareholder or otherwise, alone or in association with any other

person, corporation or other entity, in any Competing Business. For purposes of this Agreement,

(i) the term "Competing Business" shall mean the production or sales of metallurgical bituminous

coal, and (ii) the term "Competitive Territory" shall mean the United States of America, Australia

and any other nation in which, to the knowledge of Employee, the Company has made or

considered making such sales, either itself or through a subsidiary, affiliate or joint venture partner,

during the last two years prior to the termination of Employee's employment hereunder. (e)

Prior to accepting employment during the one year non-compete period referred to

in Section 6(d), Employee shall notify the Company of such employment opportunity in reasonable

detail in order for the Company to determine if the position Employee is seeking violates this

Agreement.

(f) Notwithstanding the provisions of Sections 6(c) or 6(d) to the contrary, the

Company, it is sole and absolute discretion, may, by written notice delivered to Employee promptly

after the termination of Employee's employment by the Company or the resignation of Employee,

elect to waive and not enforce the non-solicitation and non-compete provisions of Sections 6(c)

and 6 (d).

(g) Unless the Company has provided notice that it has waived and will not enforce

both the non-solicitation and non-compete provisions of Sections 6(c) and 6(d) as provided in

Section 6(f), during the six month period beginning on the first business day following the last day

of Employee's employment with the Company, the Company shall pay the Employee, in six equal

monthly payments during such period commencing 30 days after the last day of Employee's

employment with the Company, an amount equal to 3 months' worth of the annual salary of

Employee as of the business day immediately preceding the last day of Employee's employment

with the Company. Payments under this section shall be in addition to any severance or other

payments due to Employee under the terms of this Agreement. During such six-month period

(unless the waiver contemplated by Section 6(f) has been made), and in consideration of the

payments contemplated by this Section 6(g), Employee agrees to consult with the Company as

requested by the Company provided such consultation shall not require more than twenty (20)

hours of consultation per week and shall be reasonably related to the duties of Employee while

employed. Employee shall provide such consultation by phone, e-mail or other remote

communication or at the location of Employee's principal job location or office immediately prior

to the termination of his employment and shall not be required to otherwise travel. 7.

Injunctive and other relief. (a)

Employee represents that his experience and capabilities are such that Sections 5

and 6 hereof not prevent him from earning his livelihood and acknowledges that it would cause

the Company serious and irreparable injury and cost if Employee were to use his ability and

knowledge in competition with the Company or to otherwise breach the obligations contained in

said paragraphs.

(b) In the event of a breach by Employee of the terms of this Agreement, the Company

shall be entitled, if it shall so elect, to institute legal proceedings to enforce the specific

performance of this Agreement by Employee and to enjoin Employee from any further violation of

this Agreement and to exercise such remedies cumulatively or in conjunction with all other rights

and remedies provided by law. Employee acknowledges, however, that the remedies at law for

any breach by him of the provisions of this Agreement may be inadequate and that the Company

shall be entitled to injunctive relief against him in the event of any breach. (c)

It is the intention of the parties that the provisions of Sections 5 and 6 hereof shall

be enforceable to the fullest extent permissible under applicable law, but that the unenforceability

(or modification to conform to such law) of any provision or provisions hereof shall not render

unenforceable, or impair, the remainder thereof. If any provision or provisions hereof shall be

deemed inval id or unenforceable, either in whole or in part, this Agreement shall be deemed

amended to delete or modify, as necessary, the offending provision or provisions and to alter the

bounds thereof in order to render it valid and enforceable. 8.

Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the

State of West Virginia without giving effect to any choice or conflict of law provision or rule

(whether of the State of West Virginia or any other jurisdiction) that would cause the application

of the laws of any jurisdiction other than the State of West Virginia. 9.

Amendments, waivers, etc.

No amendment of any provision of this Agreement, and no postponement or waiver of any

such provision or of any default, misrepresentation, or breach of warranty or covenant hereunder,

whether intentional or not, shall be valid unless such amendment, postponement or waiver is in

writing and signed by or on behalf of the Company and Employee. No such amendment,

postponement or waiver shall be deemed to extend to any prior or subsequent matter, whether or

not similar to the subject matter of such amendment, postponement or waiver. No failure or delay

on the part of the Company or Employee in exercising any right, power or privilege under this

Agreement shall operate as a waiver thereof nor shall any single or partial exercise of any right,

power or privilege hereunder preclude any other or further exercise thereof or the exercise of any

other right, power or privilege. 10.

Assignment.

The rights and duties of the Company under this Agreement may be transferred to, and

shall be binding upon, any person or company which acquires or is a successor to the Company,

its business or a significant portion of the assets of the Company by merger, purchase or

otherwise, and the Company shall require any such acquirer or successor by agreement in form

and substance reasonably satisfactory to Employee, expressly to assume and agree to perform

this Agreement in the same manner and to the same extent that the Company, as the case may

be, would be required to perform if no such acquisition or succession had taken place. Regardless

of whether such agreement is executed, this Agreement shall be binding upon any acquirer or

successor in accordance with the operation of law and such acquirer or successor shall be

deemed the "Company", as the case may be, for purposes of this Agreement. The Employee may

not transfer any of his respective rights and duties hereunder except with the written consent of

the Compan

y. I.

Interpretation. etc.

The Company and Employee have participated jointly in the negotiation and drafting of

this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement shall

be construed as if drafted jointly by the Company and Employee and no presumption or burden

of proof shall arise favoring or disfavoring the Company or Employee because of the authorship

of any of the provisions of this Agreement. The word "including" shall mean including without

limitation. The rights and remedies expressly specified in this Agreement are cumulative and are

not exclusive of any rights or remedies which either party would otherwise have. The Section

headings hereof are for convenience only and shall not affect the meaning or interpretation of this

Agreement. For purposes of this Agreement, the term "termination" when used in the context of a

condition to, or timing of, payment hereunder shall be interpreted to mean a "separation from

service" as that term is used in Section 409A of the Code.

12. Integration; counterparts.

This Agreement constitutes the entire agreement among the parties and supersedes any

prior understandings, agreements or representations by or among the parties, written or oral, to

the extent they relate to the subject matter hereof. This Agreement may be executed in one or

more counterparts, each of which shall be deemed an original but all of which together shall

constitute one and the same instrument. It shall not be necessary in making proof of this

Agreement to produce or account for more than one such counterpart.

13. Code Section 409A.

This Agreement is intended to comply with Section 409A of the Internal Revenue Code of

1986, as amended (the "Code"), and its corresponding regulations, or an exemption, and

payments may only be made under this Agreement upon an event and in a manner permitted by

Section 409A, to the extent applicable. Any payments that qualify for the "short-term deferral"

exception or another exception under Section 409A shall be paid under the applicable exception.

Notwithstanding anything in this Agreement to the contrary, if required by Section 409A, if the

Employee is considered a "specified employee" for purposes of Section 409A and if payment of

any amounts under this Agreement is required to be delayed for a period of six months after

separation from service pursuant to Section 409A (after taking into account all applicable

exemptions), payment of such amounts shall be delayed as required by Section 409A, and the

accumulated amounts shall be paid in a lump sum payment within ten (10) days after the end of

the six-month period. If the Employee dies during the postponement period prior to the payment

of benefits, the amounts withheld on account of Section 409A shall be paid to the personal

representative of the Employee's estate within sixty (60) days after the date of the Employee's

death. All payments to be made upon a termination of employment under this Agreement may

only be made upon a "separation from service" under Section 409A. For purposes of Section 409A

of the Code, the right to a series of installment payments under this Agreement shall be treated

as a right to a series of separate payments. In no event may the Employee, directly or indirectly,

designate the calendar year of a payment. All reimbursements and in-kind benefits provided under

the Agreement shall be made or provided in accordance with the requirements of Section 409A,

including, where applicable, the requirement that (i) any reimbursement is for expenses incurred

during the period of time specified in this Agreement or if no such period is specified, during the

Employee's lifetime, (ii) the amount of expenses eligible for reimbursement, or in kind benefits

provided, during a calendar year may not affect the expenses eligible for reimbursement, or in

kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible

expense will be made no later than the last day of the calendar year following the year in which

the expense is incurred, and (iv) the right to reimbursement or in kind benefits is not subject to

liquidation or exchange for another benefit. Notwithstanding any provision contained herein, in no

event shall the Company be obligated to reimburse the Employee for any additional tax (or related

penalties and interest) Employee may incur by reason of application of Section 409A. "Termination

of employment," "resignation" or words of similar import, as used in this Agreement shall mean,

with respect to any payments subject to Section 409A, the Employee's "separation from service"

as defined by Section 409A.

14. Notices

Any notice, consent, waiver and other communications required or permitted pursuant to

the provision of this Agreement must be in writing and shall be deemed to have been properly

given (a) when delivered by hand; (b) when sent by email (with acknowledgement of complete

transmission), provided that a copy is also mailed by U.S. certified mail return receipt requested;

(c) five (5) days after sent by certified mail, return receipt requested; or (d) three (3) days after

deposit with a nationally recognized overnight delivery service, in each case to the appropriate

addresses and email addresses set forth below:

If to Employee:

Name

Address

If to the Company:

Coronado Global Resources Lvl 33 CPI, 345 Queen Street

Brisbane, 4000, Australia

15. indemnity.

Employer will, to the maximum extent permitted by Employer's bylaws and applicable law,

indemnify and hold Employee harmless for any acts or decisions made in good faith while

performing services for Employer; provided however, acts determined by a court of competent

jurisdiction to be acts of gross negligence or willful misconduct will not be deemed to be in good

faith.

*Signature Page Follows*

IN WITNESS WHEREOF, the due execution hereof as of the date first above written.

CORONADO GLOBAL RESOURCES INC.

/s/ Kerry-Lee Doyle

/s/ Douglas Thompson

Witness:

By:

Kerry-Lee Doyle

Douglas Thompson

Chief Executive Officer

/s/ Kerry-Lee Doyle

/s/ Jeffrey Bitzer

Witness:

By:

Kerry-Lee Doyle

Jeffrey Bitzer

## Exhibit 10.21

![ex1021p1i0](ex1021p1i0.jpg)

#### Exhibit 10.21

#### EMPLOYMENT AGREEMENT
This Employment Agreement ("Agreement"), made as of December 17, 2025 effective on December 31, 2025,

between Coronado Global Resources Inc. (the "Company"), a Delaware corporation and Craig Manz

("Employee").

WITNESSETH:

WHEREAS the Company wishes to offer employment to the Employee and to protect against Employee's

competing against the Company, and Employee desires to be employed by the Company and to provide

assurances of confidentiality as set forth in this Agreement.

NOW, THEREFORE, intending to be legally bound hereby, the Company hereby agrees to employ Employee,

and Employee hereby agrees to be employed by the Company, upon the following terms and conditions:

1.0 Duties and Responsibilities

Employee shall hold the position of Chief Operating Officer ("COO") and shall render such services and perform

such duties commensurate with this position as may be reasonably assigned from time to time by the

Company. Excluding any periods of vacation and sick leave to which Employee is entitled, Employee agrees to

devote reasonable attention and time during normal business hours to the business and affairs of the Company

and, to the extent necessary to discharge the responsibilities assigned to Employee hereunder, to use

Employee's reasonable best efforts to perform faithfully and efficiently such responsibilities.

2.0 Compensation

a) Employee's base salary effective as of the effective date set forth above shall be $505,450 per year,

which shall be reviewed from time to time and may be increased by the Company in the best interests of the

Company and in accordance with Employee's then current responsibilities, paid in accordance with the

Company's regular payroll practices and on regularly scheduled payroll dates. In addition, Employee shall be

entitled to participate in all short-term incentive, long-term incentive, welfare, savings and retirement and other

employee benefit plans, practices, policies, and programs applicable generally to other executive officers of the

Company.

b) The Company shall reimburse the Employee for all reasonable business expenses paid by the

Employee in the performance of duties or as otherwise may be approved by the Company. Expenses shall be

reimbursed within a reasonable period of time (not to exceed four (4) weeks) following the submission of

appropriate proof of any such expenditures.

3.0 Personnel Policies

Employee agrees to adhere to and abide by all personnel policies as may be established by the Company from

time to time with respect to all employees of the Company, subject to any provisions of this Agreement to the

contrary.

4.0 Termination of Employment

a) Subject to the terms and provisions of this Agreement, Employee's employment hereunder shall

commence as of December 31, 2025, and shall continue until December 31, 2027 (the "Expiration Date").

Notwithstanding the foregoing to the contrary, each year the Expiration Date shall be automatically extended to

December 31 of the following year unless either party gives written notice to the other party, on or before

September 30 of the year in which the Expiration Date is scheduled to occur, of its intention not to extend the

Expiration Date.

b) Either party may terminate this Agreement by giving the other party three (3) months' written notice. If

notice of termination is given to Employee, the Company may, at its discretion, make a payment in lieu of notice

for all or part of the notice period or require Employee to work for all or part of the notice period. If Employee or

the Company gives notice ending employment, the Company may direct Employee at any time during the

notice period not to attend work; not to perform all or part of Employee's duties; perform duties that Employee

has the necessary skills and competence to perform which are different to Employee's normal duties; or cease

contact with the Company's clients, customers or suppliers. In the event that Employee terminates this

Agreement without giving the required period of notice, Employee shall pay the Company an amount equal to

total remuneration for the balance of the notice period not served. Employee agrees that this amount is a

genuine pre-estimate of the loss the Company is likely to suffer as a result of the failure to give the specified

period of notice.

c) The employment of Employee hereunder may be terminated by the Company with or without Cause

(as defined below) or by Employee with or without Good Reason (as defined below). Employee's employment

shall terminate automatically if Employee dies. If the Company determines in good faith that the Disability (as

defined below) of Employee has occurred, it may give to Employee written notice of its intention to terminate

Employee's employment. In such event, Employee's employment with the Company shall terminate effective on

the 30th day after receipt of such notice by Employee, provided that, within the 30 days after such receipt,

Employee shall not have returned to full-time performance of Employee's duties. Nothing in this section shall be

construed to waive the Employee's rights, if any, under existing law including, without limitation, the Americans

with Disabilities Act.

d) "Cause" shall mean by reason of Employee's: (i) conviction of, or plea of nolo conlendere to, any felony

or to any crime or offense causing substantial harm to the Company or its affiliates or involving acts of theft,

fraud, embezzlement, moral turpitude, or similar conduct, (ii) repeated intoxication by alcohol or drugs during

the performance of such Employee's duties in a manner that materially and adversely affects the Employee's

performance of such duties, (iii) malfeasance, in the conduct of such Employee's duties, that consists of (I)

willful and intentional misuse or diversion of funds of the Company or its affiliates, (2) embezzlement, or (3)

fraudulent or willful and material misrepresentations or concealments on any written reports submitted to the

Company or its Affiliates, or (iv) material failure to perform the duties of Employee's employment or material

failure to follow or comply with the reasonable and lawful written directives of the board of directors or the board

of managers or other governing body a subsidiary or affiliate of the Company by which such Employee is

employed, in either case after the Employee shall have been informed, in writing, of such material failure and

given a period of not more than thirty (30) days to fully remedy same.

e) "Disability" shall mean Employee's incapacity due to physical or mental illness that (i) shall have

prevented Employee from performing duties for the Company or any of its subsidiaries or affiliates on a full-time

basis for more than 180 days or (ii) (I) the board of directors determines, in good faith, is likely to prevent

Employee from performing such duties for such a 180-day period and (2) 30 days has elapsed since delivery to

Employee of the determination of the board and Employee has not resumed such performance of duties.

f) "Good Reason" shall mean, without Employee's express written consent, the occurrence of any one or

more of the following: (i) a material diminution of Employee's authorities, duties, responsibilities, and status

(including offices, titles, and reporting requirements) as an employee of the Company or any successor thereof

(any such diminution occurring as a result of the Company's ceasing to be a publicly traded entity (or its merger

into, or acquisition of the business of the Company or of a substantial portion of its assets by, another publicly

traded entity) shall be deemed material for purposes of the foregoing); (ii) the Company requiring Employee to

be based at a location in excess of thirty-five miles from the location of Employee's principal job location or

office immediately prior to such change; (iii) a reduction in Employee's base salary or any material reduction by

the Company of Employee's other compensation or benefits; (iv) the failure of the Company to obtain a

satisfactory agreement from any successor to the Company to assume and agree to perform the Company's

obligations under this Agreement; (v) any purported termination by the Company of Employee's employment

that is not effected pursuant to a notice of termination (1) that indicates the specific termination provision in this

Agreement relied upon, and (2) sets forth in reasonable detail the facts and circumstances claimed to provide a

reasonable good faith basis for termination of Employee's employment; and (vi) a material breach of this

Agreement by the Company. Employee must deliver the Company written notice of resignation for Good

Reason no later than 30 days after the occurrence of any such event in order for Employee's resignation with

Good Reason to be effective hereunder, and such resignation shall not be deemed to be for "Good Reason"

hereunder unless the circumstance giving rise to Employee's "Good Reason" remains uncured at the end of

such 30-day period.

5.0 Compensation Upon Termination of Employment

a) Termination by the Company for Cause or Resignation by Employee Without Good Reason. The

Company may terminate this Agreement immediately without notice or payment in lieu of notice for Cause. If

Employee's employment is terminated by the Company for Cause or by Employee without Good Reason, the

Company shall provide the following (referred to in this Agreement as the "Accrued Obligations") to the

Employee (i) Employee's base salary, vacation, unpaid business expenses and other cash entitlements

accrued through the date of termination shall be paid to Employee in a lump sum of cash on the first regularly

scheduled payroll date that is at least ten (10) days from the date of termination to the extent theretofore

unpaid, (ii) the amount of any compensation previously deferred by Employee shall be paid to Employee in

accordance with the terms of the applicable deferred compensation plan to the extent theretofore unpaid and

(iii) amounts that are vested benefits or that Employee is otherwise entitled to receive under any plan, policy,

practice or program of or any other contract or agreement with the Company at or subsequent to the date of

termination, payable in accordance with such plan, policy, practice or program or contract or agreement, and

the Company shall have no other severance obligations with respect to Employee under this Agreement.

b) Termination by the Company Without Cause or Resignation by the Employee for Good Reason. If

Employee's employment is terminated by the Company without Cause or if Employee resigns for Good

Reason, the Company shall provide the following to Employee (i) the Accrued Obligations, payable as provided

in Section 5(a) hereof, (ii) a period of nine (9) months ("Severance Period") base salary based upon the salary

Employee earned at the time of termination, and (iii) an amount equal to the cost to Employee for the

continuation of any health and medical benefits during the Severance Period. Any payments due hereunder

shall be conditioned upon Employee having provided, within sixty (60) days of termination of employment, an

irrevocable waiver and general release of claims in favor of the Company (and its respective affiliates,

subsidiaries, successors, officers, directors, and employees) in a form reasonably satisfactory to the Company.

c) Death or Disability. If Employee's employment is terminated by reason of Employee's death or

Disability, the Company shall provide the Accrued Obligations to Employee, or in the event of Employee's

death, to Employee's estate or beneficiaries, and the Company shall have no other severance obligations with

respect to Employee under this Agreement.

d) Upon termination or resignation in accordance with Section 5(b), the Employee will only be entitled to

receive applicable compensation payments as set out in this Section 5(b), if Employee signs a release of legal

claims in a form mutually agreeable to the parties.

6.0 Confidential Information etc.

a) Employee recognizes and acknowledges that: (i) in the course of Employee's employment by the

Company it will be necessary for Employee to acquire information which could include, in whole or in part,

information concerning the Company's sales, sales volume, sales methods, sales proposals, customers and

prospective customers, identity of customers and prospective customers, identity of key purchasing personnel

in the employ of customers and prospective customers, amount or kind of customers' purchases from the

Company, the Company's sources of supply, computer programs, system documentation, special hardware,

product hardware, related software development, manuals, formulae, processes, methods, machines,

compositions, ideas, improvements, inventions or other confidential or proprietary information belonging to the

Company or relating to the Company's affairs (collectively referred to herein as the "Confidential Information");

(ii) the Confidential Information is the property of the Company; (iii) the use, misappropriation or disclosure of

the Confidential Information would constitute a breach of trust and could cause irreparable injury to the

Company; and (iv) it is essential to the protection of the Company's good will and to the maintenance of the

Company's competitive position that the Confidential Information be kept secret and that Employee not disclose

the Confidential Information to others or use the Confidential Information to Employee's own advantage or the

advantage of others. For purposes of this Agreement, Confidential Information shall not include information

known by Employee before employment with the Company or information that becomes publicly available

through some means other than disclosure by Employee in violation of this Agreement.

b) Employee further recognizes and acknowledges that it is essential for the proper protection of the

business of the Company that Employee be restrained (i) from soliciting or inducing any employee of the

Company or of any subsidiary of the Company (for purposes of Sections 6.0, 7.0, and 8.0 herein the

"Company" shall mean to include any subsidiaries or affiliates thereof) to leave the employ of the Company, (ii)

from hiring or attempting to hire any Employee of the Company, (iii) from soliciting the trade of or trading with

the customers of the Company for any business purpose, and (iv) from competing against the Company each

according to the terms of Section 6 following.

7.0 Confidentiality. Non-compete and Related Covenants

a) Employee agrees to hold and safeguard the Confidential Information in trust for the Company, its

successors and assigns and agrees that Employee shall not, without the prior written consent of the Company,

disclose or make available to anyone for use outside the Company at any time, either during employment by

the Company or subsequent to the termination or resignation of employment by the Company, for any reason,

any of the Confidential Information, whether or not developed by Employee, except as required in the

performance of Employee's duties to the Company. For the avoidance of doubt, this provision shall not prohibit

Employee from reporting possible violations of federal law or regulation to any governmental agency or entity or

from making other disclosures that are protected under the whistleblower provisions of federal law or

regulation. The Company's approval shall not be required, nor shall notice to the Company be required, in

connection with such reports or disclosures.

b) Upon the termination of Employee's employment by the Company or resignation by the Employee, for

any reason, Employee shall promptly deliver to the Company all originals and copies of correspondence,

drawings, blueprints, financial and business records, marketing and publicity materials, manuals, letters, notes,

notebooks, laptops, reports, flow-charts, programs, proposals and any documents concerning the Company's

customers or concerning products or processes used by the Company and, without limiting the foregoing, shall

promptly deliver to the Company any and all other documents or materials containing or constituting

Confidential Information.

c) Subject to the provisions of Section 7(f) following, Employee agrees that during employment by the

Company, Employee shall not, directly or indirectly, solicit the trade of, or trade with, any customer or

prospective customer of the Company for any business purpose other than for the benefit of the Company.

Upon termination of Employee's employment by the Company, including without limitation termination by the

Company in a termination for Cause or otherwise, or upon the resignation of the Employee, except in the case

of Good Reason, Employee further agrees that for a period of one (1) year after the cessation of employment

hereunder, Employee shall not, directly or indirectly, solicit the trade of, or trade with, any customers, or

prospective customers, of the Company, or solicit or induce, or attempt to solicit or induce, any employee of the

Company to leave the Company for any reason whatsoever or hire any employee of the Company, provided

that nothing in this agreement shall restrict Employee from making a general solicitation that is not specifically

directed at any employee(s) of the Company, including through use of a recruiting website or employment

search firm (so long as such firm us instructed not to solicit any employee(s) of the Company).

d) Subject to the provisions of Section 7(f) following, during the period of Employee's employment

hereunder and upon termination of Employee's employment by the Company, including without limitation

termination by the Company in a termination for Cause or otherwise, or upon the resignation of the Employee

except in the case of Good Reason, Employee agrees that for a period of one (1) year after the cessation of

employment hereunder, Employee shall not, in any Competitive Territory, engage, directly or indirectly, whether

as principal or as agent, officer, director, employee, consultant, shareholder or otherwise, alone or in

association with any other person, corporation or other entity, in any Competing Business. For purposes of this

Agreement, (i) the term "Competing Business" shall mean the production or sales of metallurgical bituminous

coal, and (ii) the term "Competitive Territory" shall mean West Virginia and Virginia.

e) Prior to accepting employment during the one year non-compete period referred to in Section 6(d),

Employee shall notify the Company of such employment opportunity in reasonable detail in order for the

Company to determine if the position Employee is seeki ng violates this Agreement.

f) Notwithstanding the provisions of Sections 7(c) or 7(d) to the contrary, the Company, it is sole and

absolute discretion, may, by written notice delivered to Employee promptly after the termination of Employee's

employment by the Company or the resignation of Employee, elect to waive and not enforce the non-solicitation

and non-compete provisions of Sections 7(c) and 7(d).

g) Unless the Company has provided notice that it has waived and will not enforce both the non-

solicitation and non-compete provisions of Sections 7(c) and 7(d) as provided in Section 7(f), during the six (6)

month period beginning on the first business day following the last day of Employee's employment with the

Company, the Company shall pay the Employee, in six (6) equal monthly payments during such period

commencing 30 days after the last day of Employee's employment with the Company, an amount equal to

three (3) months' worth of the annual salary of Employee as of the business day immediately preceding the last

day of Employee's employment with the Company. Payments under this section shall be in addition to any

severance or other payments due to Employee under the terms of this Agreement. During such six-month

period (unless the waiver contemplated by Section 7(f) has been made), and in consideration of the payments

contemplated by this Section 7(g), Employee agrees to consult with the Company as requested by the

Company provided such consultation shall not require more than twenty (20) hours of consultation per week

and shall be reasonably related to the duties of Employee while employed. Employee shall provide such

consultation by phone, e-mail or other remote communication or at the location of Employee's principal job

location or office immediately prior to the termination of employment and shall not be required to otherwise

travel.

8.0 Injunctive and other relief

a) Employee represents that his experience and capabilities are such that Sections 6.0 and 7.0 hereof do

not prevent him from earning a livelihood and acknowledges that it would cause the Company serious and

irreparable injury and cost if Employee were to use Employee's ability and knowledge in competition with the

Company or to otherwise breach the obligations contained in said paragraphs.

b) In the event of a breach by Employee of Sections 6.0 or 7.0 of this Agreement, the Company shall be

entitled, if it shall so elect, to institute legal proceedings to enforce the specific performance of such Sections by

Employee and to enjoin Employee from any further violation Sections 6.0 or 7.0 and to exercise such remedies

cumulatively or in conjunction with all other rights and remedies provided by law. Employee acknowledges,

however, that the remedies at law for any breach by Employee of the provisions of this Agreement may be

inadequate and that the Company shall be entitled to injunctive relief against Employee in the event of any

breach.

c) It is the intention of the parties that the provisions of Sections 6.0 and 7.0 hereof shall be enforceable to

the fullest extent permissible under applicable law, but that the unenforceability (or modification to conform to

such law) of any provision or provisions hereof shall not render unenforceable, or impair, the remainder thereof.

If any provision or provisions hereof shall be deemed invalid or unenforceable, either in whole or in part, this

Agreement shall be deemed amended to delete or modify, as necessary, the offending provision or provisions

and to alter the bounds thereof in order to render it valid and enforceable.

9.0 Governing Law

a) This Agreement shall be governed by and construed in accordance with the laws of the State of West

Virginia without giving effect to any choice or conflict of law provision or rule (whether of the State of West

Virginia or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the

State of West Virginia.

10.0 Amendments. waivers etc.

No amendment of any provision of this Agreement, and no postponement or waiver of any such provision or of

any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall

be valid unless such amendment, postponement or waiver is in writing and signed by or on behalf of the

Company and Employee. No such amendment, postponement or waiver shall be deemed to extend to any prior

or subsequent matter, whether or not similar to the subject matter of such amendment, postponement or

waiver. No failure or delay on the part of the Company or Employee in exercising any right, power or privilege

under this Agreement shall operate as a waiver thereof nor shall any single or partial exercise of any right,

power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,

power or privilege.

11.0 Assignment

The rights and duties of the Company under this Agreement may be transferred to, and shall be binding upon,

any person or company which acquires or is a successor to the Company, its business or a significant portion

of the assets of the Company by merger, purchase or otherwise, and the Company shall require any such

acquirer or successor by agreement in form and substance reasonably satisfactory to Employee, expressly to

assume and agree to perform this Agreement in the same manner and to the same extent that the Company,

as the case may be, would be required to perform if no such acquisition or succession had taken place.

Regardless of whether such agreement is executed, this Agreement shall be binding upon any acquirer or

successor in accordance with the operation of law and such acquirer or successor shall be deemed the

"Company", as the case may be, for purposes of this Agreement. The Employee may not transfer any

respective rights and duties hereunder except with the written consent of the Company.

12.0 Interpretation etc.

The Company and Employee have participated jointly in the negotiation and drafting of this Agreement. If an

ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by

the Company and Employee and no presumption or burden of proof shalI arise favoring or disfavoring the

Company or Employee because of the authorship of any of the provisions of this Agreement. The word

"including" shall mean including without limitation. The rights and remedies expressly specified in this

Agreement are cumulative and are not exclusive of any rights or remedies which either party would otherwise

have. The Section headings hereof are for convenience only and shall not affect the meaning or interpretation

of this Agreement. For purposes of this Agreement, the term "termination" when used in the context of a

condition to, or timing of, payment hereunder shall be interpreted to mean a "separation from service" as that

term is used in Section 409A of the Internal Revenue Code, as set forth in Paragraph 13.0 below. All monetary

amounts herein are expressed in Unites States dollars.

13.0 Integration, Counterparts

This Agreement constitutes the entire agreement among the parties and supersedes any prior understandings,

agreements or representations by or among the parties, written or oral, to the extent they relate to the subject

matter hereof. This Agreement may be executed in one or more counterparts, each of which shall be deemed

an original but all of which together shall constitute one and the same instrument. It shall not be necessary in

making proof of this Agreement to produce or account for more than one such counterpart.

14.0 Code Section 409A

This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended

(the "Code"), and its corresponding regulations, or an exemption, and payments may only be made under this

Agreement upon an event and in a manner permitted by Section 409A, to the extent applicable. Any payments

that qualify for the "short-term deferral" exception or another exception under Section 409A shall be paid under

the applicable exception. Notwithstanding anything in this Agreement to the contrary, if required by Section

409A, if the Employee is considered a "specified employee" for purposes of Section 409A and if payment of

any amounts under this Agreement is required to be delayed for a period of six months after separation from

service pursuant to Section 409A (after taking into account all applicable exemptions), payment of such

amounts shall be delayed as required by Section 409A, and the accumulated amounts shall be paid in a lump

sum payment within ten (10) days after the end of the six -month period. If the Employee dies during the

postponement period prior to the payment of benefits, the amounts withheld on account of Section 409A shall I

be paid to the personal representative of the Employee's estate within sixty (60) days after the date of the

Employee's death. All payments to be made upon a termination of employment under this Agreement may only

be made upon a "separation from service" under Section 409A. For purposes of Section 409A of the Code, the

right to a series of installment payments under this Agreement shall be treated as a right to a series of separate

payments. In no event may the Employee, directly or indirectly, designate the calendar year of a payment. All

reimbursements and in-kind benefits provided under the Agreement shall be made or provided in accordance

with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement

is for expenses incurred during the period of time specified in this Agreement or if no such period is specified,

during the Employee's lifetime, (ii) the amount of expenses eligible for reimbursement, or in kind benefits

provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to

be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made no later

than the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to

reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. Notwithstanding

any provision contained herein, in no event shall the Company be obligated to reimburse the Employee for any

additional tax (or related penalties and interest) Employee may incur by reason of application of Section 409A.

"Termination of employment," "resignation" or words of similar import, as used in this Agreement shall mean,

with respect to any payments subject to Section 409A, the Employee's "separation from service" as defined by

Section 409A.

15.0 Notices

Any notice, consent, waiver and other communications required or permitted pursuant to the provision of this

Agreement must be in writing and shall be deemed to have been properly given (a) when delivered by hand; (b)

when sent by email (with acknowledgement of complete transmission), provided that a copy is also mailed by

U.S. certified mail return receipt requested; (c) five (5) days after sent by certified mail, return receipt requested;

or (d) three (3) days after deposit with a nationally recognized overnight delivery service, in each case to the

appropriate addresses and email addresses set forth below:

If to Employee:

Craig Manz

Email: cmanz@coronadoglobal.com

If to the Company:

Coronado Global Resources

Lvl 33 CP1, 345 Queen Street

Brisbane, 4000, Australia

Attn: Douglas Thompson

Email: dthompson@coronadoglobal.com

16.0 Indemnity

Employer will, to the maximum extent permitted by Employer's bylaws and applicable law, indemnify and hold

Employee harmless for any acts or decisions made in good faith while performing services for Employer;

provided however, acts determined by a court of competent jurisdiction to be acts of gross negligence or willful

misconduct will not be deemed to be in good faith.

17.0 Severability of Provisions.

Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such

jurisdiction and the application to such facts and circumstances, be ineffective to the extent of such prohibition

or unenforceability without invalidating the remaining provisions hereof or the application thereof to other facts

and circumstances, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render

unenforceable such provision in any other jurisdiction.

IN WITNESS WHEREOF, the due execution hereof as of the date first above written.

IN WITNESS WHEREOF, the due execution hereof as of the date first above written.

/s/ Emma Pollard

/s/ Douglas Thompson

Witness: Emma Pollard

CORONADO GLOBAL RESOURCES

INC.

Douglas Thompson

/s/ Shaun Newberry

/s/ Craig Manz

Witness: Shaun Newberry

EMPLOYEE

Craig Manz