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UNITED STATES Washington, D.C. 20549 | ||
FORM
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CURRENT
REPORT
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Date of report (date of earliest event
reported):
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(Exact name of registrant as specified in its charter)
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(State
or other jurisdiction |
(Commission |
(IRS Employer |
(Address of principal executive offices) |
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| Registrant’s
telephone number, including area code: ( |
Not Applicable (Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | Trading Symbol(s) | Name
of each exchange on which registered |
| None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of New Chief Executive Officer
On July 13, 2026 (July 14, 2026 in Australia), the Board of Directors (the “Board”) of Coronado Global Resources Inc. (the “Company”), at the recommendation of the Compensation and Nominating Committee of the Board (the “Committee”), appointed Barend (Barrie) J. van der Merwe, the current Chief Financial Officer of the Company, to the position of Chief Executive Officer of the Company, effective as of August 1, 2026 (the “Effective Date”).
Mr. Van der Merwe, age 50, has served as the Company’s Chief Financial Officer since April 2025. Prior to joining the Company, Mr. Van der Merwe served as Chief Financial Officer of Evolution Mining, a gold mining company, from March 2023 to March 2025. Mr. Van der Merwe previously served as Vice President, Organizational Effectiveness Transformation Program at Orica Limited, a commercial explosives provider, from May 2022 to December 2023, and as Vice President, Group Finance from July 2019 to May 2022. Prior to that, Mr. Van der Merwe served as the Chief Financial Officer and Executive Director at Lonmin Plc, a platinum group metals mining company, from April 2016 to June 2019, and Chief Financial Officer at Debswana Diamond Company Limited, a diamond mining company, from December 2012 to December 2015. Mr. Van der Merwe also held various senior finance roles within Anglo American Platinum, a platinum mining company, between 2002 to 2012. Mr. Van der Merwe also held various audit and accounting roles at PricewaterhouseCoopers from 1998 to 2002. Mr. Van der Merwe has a B Com (Hons) with a major in Accounting Sciences from the University of Pretoria. He became a Chartered Accountant and member of the South African Institute of Chartered Accountants (SAICA) in May 2001, and is a full Chartered Accountant and current member of Chartered Accountants Australia & New Zealand.
There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Van der Merwe.
The terms of Mr. Van der Merwe’s appointment shall be governed by an appointment agreement, dated as of July 14, 2026 (Australia) between Curragh Queensland Mining Pty Ltd. (“Curragh”), an Australian subsidiary of the Company, and Mr. Van der Merwe (the “Van der Merwe Appointment Agreement”). Pursuant to the Van der Merwe Appointment Agreement, Mr. Van der Merwe will receive an annual base salary of AU$1,200,000, which includes Australian statutory defined contribution superannuation contributions made on Mr. Van der Merwe’s behalf. Mr. Van der Merwe will also receive payments equal to AU$350,000 payable in December 2026 and AU$350,000 payable in December 2027, each of which include Australian statutory defined contribution superannuation contributions made on Mr. Van der Merwe’s behalf. Additionally, Mr. Van der Merwe is eligible to participate in incentive arrangements offered by the Company from time to time to senior executives.
Mr. Van der Merwe’s employment can be terminated by either him or Curragh by giving the other party three months’ written notice (or by Curragh making payment in lieu of part or all of his notice period). In the event Curragh terminates Mr. Van der Merwe’s employment for cause, no notice period will apply.
In addition to any notice payments, in the event Curragh terminates Mr. Van der Merwe’s employment other than for cause, Curragh must pay Mr. Van der Merwe a termination payment equal to six months base salary (including superannuation contributions). If Mr. van der Merwe is terminated by reason of redundancy, he is entitled to receive redundancy payments in accordance with Australian legislation. Mr. Van der Merwe is also subject to post-termination restrictions on competing with the Company or any subsidiary and/or soliciting its employees and customers for a period of one year following termination of his employment.
Election of Director
On July 13, 2026 (July 14, 2026 in Australia), at the recommendation of the Committee, the Board increased the size of the Board from six directors to seven directors, effective as of the Effective Date. In accordance with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company, the Board, at the recommendation of the Committee, appointed Mr. Van der Merwe to serve as Managing Director of the Board, effective as of the Effective Date. Mr. Van der Merwe will hold office until the Company’s annual general meeting of stockholders in 2027 and until his successor has been duly elected and qualified or until his earlier resignation or removal.
There are no related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Van der Merwe.
Compensatory Arrangements of Current Interim Chief Executive Officer
In connection with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company and Managing Director of the Board, Mr. Spindler will resign as Interim Chief Executive Officer of the Company, effective as of July 31, 2026. Mr. Spindler will remain on the Board as a non-executive director.
As a non-executive director of the Company, from the Effective Date, Mr. Spindler will be entitled to receive compensation in the same manner as the Company’s other non-executive directors, as governed by the appointment letter agreement, dated as of July 14, 2026 (Australia), between the Company and Mr. Spindler (the “Spindler Appointment Agreement”); with such fee arrangements as described in the Company’s definitive proxy statement on Schedule 14A filed on April 22, 2026 with the Securities and Exchange Commission.
Appointment of Interim Chief Financial Officer
In connection with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company and Managing Director of the Board, on July 13, 2026 (July 14, 2026 in Australia), at the recommendation of the Committee, the Board appointed Sandeep Deoji, the Company’s current Vice President, Group Financial Control, to serve as the Company’s Interim Chief Financial Officer (“Interim CFO”), effective as of the Effective Date.
Mr. Deoji, age 42, has served as Vice President, Group Financial Control of the Company since July 2022 and, prior to that, served as Group Financial Controller from May 2021 to July 2022 and Manager, Group Financial Reporting from January 2019 to May 2021. From January 2025 to March 2025, Mr. Deoji served as the Company’s interim principal financial officer and interim principal accounting officer. Mr. Deoji continued to serve as the Company’s Vice President, Group Financial Control since April 2025. Mr. Deoji has been a Director of Wiggins Island Coal Export Terminal Pty Limited since June 2025.
There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Deoji.
The terms of Mr. Deoji’s appointment shall be governed by an appointment agreement, dated as of July 14, 2026 (Australia) between Curragh and Mr. Deoji (the “Deoji Appointment Agreement”). Pursuant to the Deoji Appointment Agreement, Mr. Deoji will receive an annual base salary of AU$580,000, which includes Australian statutory defined contribution superannuation contributions made on Mr. Deoji’s behalf. Mr. Deoji is also eligible to participate in incentive arrangements offered by the Company from time to time to senior executives. Mr. Deoji’s employment can be terminated by either him or Curragh by giving the other party eight weeks’ written notice (or by Curragh making payment in lieu of part or all of his notice period). In the event Curragh terminates Mr. Deoji’s employment for cause, no notice period will apply. If Mr. Deoji is terminated by reason of redundancy, he is entitled to receive redundancy payments in accordance with Australian legislation. Mr. Deoji is also subject to post-termination restrictions on competing with the Company or any subsidiary and/or soliciting its employees and customers for a period of one year following termination of his employment.
The foregoing descriptions of the Van der Merwe Appointment Agreement, the Spindler Appointment Agreement and the Deoji Appointment Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of each of the Van der Merwe Appointment Agreement, the Spindler Appointment Agreement and the Deoji Appointment Agreement, which have been filed as Exhibit 10.1, Exhibit 10.2, and Exhibit 10.3, respectively, hereto and are incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit No. |
Description | |
| 10.1 | Appointment Agreement, dated July 14, 2026, between Barend J. van der Merwe and Curragh Queensland Mining Pty Ltd. | |
| 10.2 | Appointment Letter Agreement, dated July 14, 2026, between Garold Spindler and Coronado Global Resources Inc. | |
| 10.3 | Appointment Agreement, dated July 14, 2026, between Sandeep Deoji and Curragh Queensland Mining Pty Ltd. | |
| 99.1 | Announcement Regarding Management Transitions | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Coronado Global Resources Inc. | ||
| By: | /s/ Philip Peacock | |
| Name: | Philip Peacock | |
| Title: | Chief Legal Officer | |
| Date: | July 13, 2026 | |
Exhibit 10.1
Coronado Global Resources Inc.
Appointment of Chief Executive Officer and Managing Director
This appointment agreement (“Contract") confirms the express contractual terms and conditions of Barend J. van der Merwe ("the Employee" or "you") appointment to the position of Chief Executive Officer and Managing Director of Coronado Global Resources Inc. (the “Company”) and your employment by Curragh Queensland Mining Pty Ltd. ("Curragh Queensland" or "Employer") as your Employer. When referring to the Coronado Group this refers to the Company, the Employer and any of the companies owned directly or indirectly by the Company.
Commencement and Location of Employment
Unless agreed otherwise, your appointment to this position will commence on 1 August 2026.
Your employment will continue until terminated in accordance with the terms of this Contract.
Your position will be based in Brisbane, Australia; however, in this position, you will be expected to spend time in the United States to perform the inherent requirements of your position.
Role and Reporting Structure
In addition to your appointment as Chief Executive Officer, the board of directors of the Company ('the Board") has also appointed you to the position of Managing Director. The position reports to the Chair of the Board ("the Chair”), specifically, and the Board, generally.
Duties
During your employment you must:
| a) | during your working hours and at other times as reasonably necessary, devote your whole time, attention and ability to the business of the Company; |
| b) | serve the Company and perform your duties diligently, honestly and faithfully; |
| c) | exercise and cany out all duties required of you within your skills and competence; |
| d) | follow all lawful and reasonable directions and instructions given to you by the Company; |
| e) | not, without the prior written consent of the Company, directly or indirectly engage in any other employment or in any other activity (whether paid or unpaid) which may conflict with your duties as Chief Executive Officer and Managing Director or may adversely affect the reputation of the Company or any of the companies in the Coronado Group (and you warrant that you are not under any obligation or restriction which would interfere or conflict with your employment in this role or your obligations and duties under this Contract); |
| f) | notify the Company immediately if any interest or obligation arises which may be inconsistent with your obligations to the Company or which may adversely affect the reputation of the Coronado Group; |
| g) | comply with any direction from the Board to take all necessary action to remove any conflict (whether direct or indirect) (and you acknowledge that in some circumstances a serious conflict may justify the termination of your employment; |
| h) | promote the interests and welfare of the Company, and not act in any way which may harm or prejudice the reputation and goodwill of the Company or the Coronado Group; and |
| i) | as lawfully required by the Company, perform work for any other member or members of the Coronado Group. |
You must perform the duties reasonably associated with your position. The Company may vary your duties and responsibilities from time to time or assign you additional duties and responsibilities as may be directed by the Company or the Board. You may be required to perform any duties in any area of the operation, subject to your competence and any safety and statutory requirements. You may also be requested to train to become competent in new skills as required by the Board.
If your position, duties or reporting structure change, this Contract will continue to apply to your employment unless you and the Employer enter a new written employment contract or vary this Contract In writing.
Hours of Work
Your ordinary hours are 38 hours per week (in accordance with the National Employment Standards under the Fair Work Act 2009 (Cth)), during the Employee's ordinary business hours, and reasonable additional hours in accordance with the Company's operational requirements. Because of the nature of your position, you acknowledge and agree that any additional hours that you are required to work more than your ordinary hours per week are reasonable so far as they are necessary for the full and proper performance of your duties under this Contract. Your remuneration includes compensation for this.
The Company may change your hours of work, days of work or starting and finishing times.
Your hours of work may be averaged over a period of up to six months.
You acknowledge and agree that you will comply with any time recording requirements as notified by the Company from time to time.
Total Employment Cost
You will be paid by the Employer on a total employment cost ("TEC") basis. Your initial TEC Is $1,200,000 less applicable tax) per annum (inclusive of superannuation).
Your TEC Is made up of the following components:
| a) | Cash salary: |
Your cash salary will be the amount remaining after deducting from your TEC from your TEC the amounts for Company superannuation contributions paid by Curragh Queensland, a member of the Coronado Group, for your benefit, and any other pre-tax deductions nominated by you. Your cash salary, net of tax and authorised deductions, will be paid by Curragh Queensland no less frequently than on a monthly basis by electronic funds transfer into bank account/s nominated by you.
| b) | Superannuation: |
The Company will make compulsory superannuation guarantee contributions, on your behalf, up to the quarterly maximum contribution required under the Superannuation Guarantee (Administration) Act 1992 (Cth). Superannuation guarantee contributions are Included as part of your TEC.
By agreement with the Company, you may choose to make additional voluntary contributions to your chosen fund.
If you do not nominate a superannuation fund, contributions payable on your behalf will be directed to the Company's default superannuation fund. A Choice of Fund form can be returned at any time, and future contributions will be made to your nominated fund.
You consent to the provision of your personal information, Including any health information, between the Company and the superannuation fund and their service providers. This information Is necessary to facilitate the provision of benefits in the course of your employment and for the management of the fund.
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Your TEC is in full recognition of the requirements of the role and the hours of work necessary to perform the role. Unless otherwise specified in this Contract, your TEC includes compensation for all entitlements, benefits or payments that you may be otherwise entitled to, Including under any applicable industrial instrument or legislation.
Accordingly, you will not be paid any special rates or allowances for working particular times or under particular conditions unless otherwise agreed in writing.
The Company is entitled to apply:
| · | any over-Industrial Instrument payments or other benefits provided for in this Contract, or paid to you more than minimum statutory or industrial instrument entitlements, in satisfaction of any industrial instrument entitlements or other entitlements to which you are, or become, entitled; and |
| · | overpayments for any entitlement In any pay period against another entitlement or pay period. |
For avoidance of doubt, your annual remuneration should not be regarded as an annualised wage arrangement under any applicable Industrial instrument.
Incentive Arrangements
You may be eligible to participate in incentive arrangements offered by the Company or Coronado Group from time to time to the senior executive employees of the Company. Details of these arrangements will be provided to you separately, and do not form a part of this Contract.
Annual Leave
You will be entitled to annual leave in accordance with the applicable legislation. Currently, full-time employees are entitled to 4 weeks’ annual leave per annum. Annual leave approved by your Leader and taken during employment will be paid based on your usual rate of pay.
Annual leave is to be taken within 12 months of accruing. If you do not take leave within this period, the Company may direct you to do so upon giving you one month's notice (without limiting the Company's rights at law).
On termination of employment, you will be paid for any accrued and untaken annual leave based on your usual rate of pay.
Long Service Leave
You are entitled to long service leave In accordance with applicable legislation.
Other Leave
You are entitled to personal/carer's leave, parental leave, compassionate leave, community service leave and family and domestic violence leave in accordance with applicable legislation.
Public Holidays
Public Holidays will be those declared as public holidays in the state or territory in which you work. Although you are not normally required to work on public holidays (and will be entitled to paid leave), you may be requested, and you will not unreasonably refuse, to work on a public holiday in order to perform your duties and meet the operational requirements of the Company, compensation for which is Included in your remuneration.
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Medical Assessments
The Employer may, from time to time at its discretion, require you to undergo an independent medical assessment by a doctor or other health professional(s) nominated by the Employer.
You consent to the doctor or health professional releasing the results of that assessment to the Company. The Company will keep this information confidential, and the Company will only use it to assess your ability to perform your duties or meet the Company's work health and safety obligations, which may result in the Company taking action including, but not limited to:
| · | requiring you to return to work; |
| · | requiring you to leave, or remain away from work, for a period of time; or |
| · | ending your employment. |
The above requirement is separate to, and in addition to, any requirement for a health or medical assessment under applicable legislation.
Compliance with Company Policies and Procedures
During your employment you are required to always comply with all Coronado Group's policies and procedures as varied or introduced from time to time.
It is your obligation to familiarise yourself with current policies and procedures that are relevant to your employment and to always comply with such policies and procedures. The Coronado Group's policies and procedures operate independently of this Contract and are not incorporated into this Contract and are not binding on the Coronado Group or the Company.
The Coronado Group reserves the right to amend, revoke, introduce or replace fts policies and procedures at its discretion.
Occupational Health and Safety
You must comply with all occupational health and safety systems and requirements that are relevant to your work. You must attend to your work safely, take all reasonable care and notify your Leader if you become aware of any workplace risks. You must not create a potential safety risk to yourself or others in the course of your employment.
Privacy
You consent to the Employer collecting, storing, using and disclosing your personal and health information for any lawful purpose relating to your employment, and to the Employer transferring your personal and health information outside Queensland and Australia during its business activities.
You also consent to the Employer disclosing your personal and health Information to third parties for any lawful purpose relating to your employment. These persons include the Australian Tax Office or other government agencies, related entities, superannuation fund trustees and administrators, contractors, bankers, insurers, medical, rehabilitation or occupational practitioners, laboratory analysts, investigators, financial and legal advisers, potential purchasers on sale of business, law enforcement bodies and regulatory authorities.
Confidential Information
"Confidential information" means any information which Is confidential and not in the public domain (unless in the public domain because of a breach of confidentiality}, including, but not limited to:
| · | technical information relating to the Coronado Group, including its operations, products and services: |
| · | ail information concerning the Coronado Group, its methods of operating, marketing and other activities: |
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| · | information concerning the Coronado Group's customers or clients or prospective customers or clients; |
| · | personal information about officers, employees or contractors engaged by the Coronado Group; |
| · | the Coronado Group's policies, procedures, handbooks, manuals and forms; and |
| · | competitive and financial information concerning the Coronado Group not In the public domain. |
During your employment with the Company, you will have access to or may become acquainted with Confidential Information.
You must not use or disclose Confidential Information, except
| a) | for the purpose of and to the extent necessary to properly perform your duties; or |
| b) | where disclosure of specific Confidential Information is required to comply with any applicable law including to comply with any obligations under the whistleblower protection provisions in Part 9.4AAA of the Corporations Act 2001 (Cth)); or |
| c) | the use or disclosure of the Confidential Information is agreed by the Company in writing. |
Nothing In this letter prohibits you from providing truthful information to governmental or regulatory bodies, including reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistle-blower provisions of federal law or regulation. You do not need the prior authorisation of the Company to make any such reports or disclosures, and you are not required to notify the Company that such reports or disclosures have been made.
You must immediately notify the Company of any suspected or actual authorised use, copying or disclosure of Confidential Information.
You agree that upon termination of your employment for any reason you will return to the Company all the Confidential Information that you have in your possession.
Your obligations under this clause continue after your employment ends.
Intellectual Property
For the purpose of this clause:
"Work" means any invention, discovery, design, improvement, formula, process, technique, literary or artistic work, or any other item in which Intellectual Property Rights subsist or are capable of subsisting and Is wholly or partly created, made or discovered by you solely or Jointly with any other person either:
| a) | during your employment {whether or not during ordinary working hours); or |
| b) | otherwise using the facilities, resources, time, Confidential Information or any other opportunity provided by the Company, or the broader Coronado Group. |
"Intellectual Property Rights" means all existing and future rights, which may be protected by copyright, patent, design, trademark or other registration or other forms of protection in the United States, Australia or elsewhere.
"Moral Rights" includes the right to be identified as the author of the Work, the right not to have any other person identified as the author of the Work and the right of integrity of authorship {as defined in the Copyright Act 1968 (Cth}).
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The Work and all Intellectual Property Rights in the Work will belong absolutely to the relevant company or companies within the Coronado Group, and you agree to do all things necessary and execute any document required to give effect to this ownership.
You must immediately and fully disclose to the Company any Work created, contributed to, made or discovered by you during your employment. '
You consent to any act or omission by the Company or the Coronado Group which would otherwise infringe or breach any Moral Rights you may have in any Work made by you in the course of employment.
You also agree that this consent and waiver extends to any licensees and successors in title to the Company or relevant company within the Coronado Group in respect of such Works, as well as to any persons who are authorised by the Coronado Group or by its licensees and successors in title to do acts comprising the copyright of such Works.
You agree to execute any further document necessary to give effect to this. If you do not comply with such a request by the Company within 7 days, you authorise the Company (or any person authorised by the Company) to do all things and execute all the necessary documents to give effect to that request on your behalf.
For the avoidance of doubt, your obligations under this clause continue after your employment ends.
Termination of Employment
Either party may terminate your employment by giving the other party three (3) months' written notice.
In the event that the Employer terminates your employment for any reason other than the reasons set forth in this clause under subparagraphs (a}, (b), (c) and (d), the Employer will pay a termination payment equivalent to six months' TEC.
The Employer may, at its discretion, make a payment in lieu of notice for all or part of the notice period or require you to work for all or part of the notice period. In the event that you end your employment without giving the specified period of notice, you agree to pay the Employer an amount equal to your total remuneration for the balance of the notice period not served. You agree that this amount is a genuine pre-estimate of the loss the Coronado Group is likely to suffer because of the failure to give the specified period of notice.
The Employer may terminate your employment immediately without notice or payment in lieu of notice if you:
| a) | engage in any serious or willful misconduct including by committing any willful, serious or persistent breach of your terms and conditions of employment or any Company policy, procedure or guideline or by serious negligence in the performance of your duties: |
| b) | engage in any other conduct (either at work or otherwise) which in the reasonable opinion of the Board is likely to affect adversely the reputation of the Company or the Coronado Group and/or render you unsuitable for employment: |
| c) | are convicted of an offence punishable by Imprisonment; or |
| d) | commit any other act that would justify summary dismissal at law. |
If your employment is terminated for any of the above reasons, the Employer will pay you up to the day of termination only.
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Suspension
Without limiting the Employer's right to terminate your employment without notice in the circumstances set out above, the Board may suspend you from duty with pay, or direct you to perform work In a different position, at any time during the term of your employment, including but not limited to in circumstances where the Board forms the view that your conduct, capacity or performance may warrant serious disciplinary action (including ending of your employment). If the Board suspends you from duty, it may appoint someone else to your role for the period of suspension.
Redundancy Benefits
In addition to the above notice period, if your employment is terminated due to redundancy, you will be entitled to receive redundancy payments in accordance with applicable legislation amended from time to time.
Directorship
The stockholders of the Company have appointed you to become a director of the Company and any of its Related Bodies Corporate (as defined by the Corporations Act 2001 {Cth)) without any additional remuneration and the benefits under this Contract are In part consideration of you agreeing to become a director.
Should you agree to become a director of the Company or any of its Related Bodies Corporate, on termination of your employment:
| a) | you must resign all directorships held as a consequence of the employment, as directed by the Company; |
| b) | you irrevocably appoint the Company Secretary of the Company, or any other person nominated by the Board, as your agent to execute any documents on your behalf; and |
| c) | you acknowledge and agree that you have no entitlement to any compensation for loss of office. |
You agree to resign as a director if the Chair, the Board or the Employer requires you to do so.
Your obligations under this clause survive the end of your employment.
Compliance and Approvals
The exercise of, or compliance with, any discretion, right or obligation under this Contract Is subject to any required Board or stockholder approvals, any necessary regulatory consent (being the consent of any entity or governmental body that has statutory or other powers over corporations) and compliance with the Company's (and each Coronado Group company's) constitution, and all applicable laws, or the listing rules of any applicable stock exchange on which the Company or a successor entity is listed.
This clause has effect regardless of any other provision of this Contract.
Company Property
Upon the cessation of your employment, you will return to the Employer or an authorised officer of the Company:
| a) | all originals and copies In any form (Including but not limited to computer data) of all books, records and documents relating to your duties, functions and responsibilities as an employee of the Employer or its business affairs (including customer lists and details); and |
| b) | all other things belonging to the Coronado Group (including but not limited to keys, security cards and passes, corporate credit cards, mobile phones, copies of documents and computerised information). |
Your obligations under this clause continue after your employment ends.
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Set Off
Immediately on your employment ending or at any other time requested by the Company, to the extent permitted by law, you:
| a) | agree to pay to the Company, all amounts you owe to it or a related entity (for example, amounts such as personal expenses incurred on a Company mobile telephone, or amounts owing for Company funded study assistance) or any amounts mistakenly paid to you such as an overpayment; |
| b) | authorise and direct the Employer to deduct or withhold unpaid amounts from monies otherwise owed to you during employment or upon termination of employment; and |
| c) | acknowledge that if you fail to repay any monies owing to the Company, including any amounts paid to you by mistake, the Company may demand and enforce the recovery of such monies as a debt immediately due and payable by you to the Company or the Employer, as appropriate. |
Post-Employment Restrictions
'Confidential Information' has the meaning given in the clause of this Contract entitled "Confidential Information".
'Competitive Business' means any business that is competitive with or substantially similar to the Company or the Coronado Group during the period of 6 months preceding the End Date or during the Restricted Period.
'End Date' means the date on which your employment with the Coronado Group ends.
'Entity' means an individual, company, partnership, joint venture (whether corporate or incorporate) or any other body (whether corporate or incorporate).
'Prescribed Position' means:
| 1. | a position as employee, director, secretary, company officer, agent, contractor, consultant or adviser of any Entity; |
| 2. | a partner, shareholder or member of any Entity; and |
| 3. | acting as any of the persons referred to in items 1 and 2 of this definition. |
'Restricted Area' means:
| 1. | Any country where the Coronado Group has operations, including at the date of this Contract the United States of America and Australia; or failing that |
| 2. | The United States of America and Australia; or failing that |
| 3. | Australia; or falling that |
| 4. | Queensland and New South Wales; or failing that |
| 5. | Queensland. |
'Restricted Period' means:
| 1. | the period of 12 months starting on the End Date; or failing that |
| 2. | the period of 6 months starting on the Encl Date; or failing that |
| 3. | the period of 3 months starting on the End Date: or failing that |
| 4. | the period of 1 months starting on the End Date. |
Inducing directors, employees or contractors to leave the Coronado Group
You must not (whether directly or Indirectly and in any position including a Prescribed Position) during the Restricted Period and in the Restricted Area, encourage, induce or attempt to encourage or induce any director, officer, employee or contractor of the Coronado Group, with whom you had work related dealings during the 12 months preceding the End Date, or about whom you have, or have had, Confidential information about in respect of their engagement with the Coronado Group, to terminate his or her engagement with the entity within the Coronado Group which engages them, whether or not that person would commit a breach of that person's contract of engagement.
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Persuading the Coronado Group's customers or suppliers to cease or reduce business
You must not (whether directly or indirectly and in any position including a Prescribed Position) during the Restricted Period and in the Restricted Area, solicit, canvass or approach any person or entity who was:
| a) | a customer, client, agency or supplier of the Coronado Group with whom you had work-related dealings during the 12 months Immediately preceding the End Date or about whom you have, or have had, Confidential Information; or |
| b) | a potential customer, potential client, potential agency or potential supplier of the Coronado Group with whom, or in respect of whom, you had work-related dealings during the 12 months preceding the End Date or about whom you have, or have had, Confidential Information, |
with a view to:
| a) | obtaining the customer or business of any such person or entity for your benefit or the benefit of any other person; |
| b) | persuading any such person or entity to cease doing business with the Coronado Group; or |
| c) | persuading any such person or entity to reduce the amount of business which the person or entity would normally do, or otherwise would have done, with the Coronado Group. |
Competing with the Coronado Group
You agree that you will not {whether directly or indirectly and in any position including a Prescribed Position), during the Restricted Period and In the Restricted Area, carry on, be employed by, or engaged in or otherwise interested in any Competitive Business:
| a) | for purposes of performing duties or providing services which are the same as or similar to those you provided to the Coronado Group at any time within the 2 months immediately prior to the End Date; or |
| b) | in a position in which you can use Confidential Information to gain an advantage for a Competitive Business or cause detriment to the Coronado Group. |
Priority of restrictions
You agree that you intend the restrictions in this section ('Post-Employment Restrictions') to operate to their maximum extent. However, should a court consider it necessary to reduce the extent of a restriction, the parties intend that any reduction should be made to the Restricted Area before any reductions are made to the Restricted Period.
Consent
The restrictions in this section ('Post-Employment Restrictions') do not apply in circumstances where you have obtained the Company's prior written consent.
Restrictions reasonable and inclusive
You agree that:
| a) | you will obtain Confidential Information during your employment, the disclosure of which could materially harm the Coronado Group; |
| b) | the restrictions in this section ('Post-Employment Restrictions') are reasonable and necessary for the protection of the Coronado Group's Confidential Information and goodwill; |
| c) | you intend the restrictions to operate to the maximum extent; |
| d) | damages may be inadequate to protect the Coronado Group's interests, and the Coronado Group is entitled to seek and obtain injunctive relief, or any other remedy, in any court; |
| e) | the restrictions are separate, distinct and several, so that the unenforceability of any restriction does not affect the enforceability of the other restrictions; |
| f) | consideration for these restraints is included in your remuneration; and |
| g) | despite anything in this section ('Post-Employment Restrictions'), for the purposes of this clause, a "substance over form" approach is intended to be taken as to whether the conduct prohibited by this clause occurred in the Restricted Area. For example, the provisions in this clause will apply if you solicit an employee located Inside the Restricted Area but you take the relevant action (e.g., make a telephone call or send an email to that employee) from a location outside the Restricted Area. |
9
Modification of restrictions
If the restrictions in this section ('Post-Employment Restrictions'):
| a. | are void as unreasonable for the protection of the Coronado Group's interests; and |
| b. | would be valid if part of the wording was deleted or the period or area was reduced, |
the restrictions will apply with the modifications necessary to make them effective.
Obligations continue
Your obligations under this section ('Post-Employment Restrictions') survive the end of your employment.
Entitlement to Work in Australia
You warrant that you are legally able to reside and work in Australia, and you acknowledge that your employment with the Company is conditional upon you being able to legally reside and work in Australia at all times.
Should your entitlement to work in Australia change you are required to advise the Company Immediately. If you are unable to provide confirmation of your current (and updated) entitlement to work in Australia this offer of employment will be withdrawn or your employment with the Company will come to an end.
General
| a) | This Contract states all the express terms of the agreement between the parties In relation to your employment and supersede all prior discussions, negotiations, understandings and agreements with respect to your employment by the Employer. These terms may only be modified by an agreement in writing signed by both parties. |
| b) | Any notice to be given under these terms and conditions must be given in writing and may be given either personally or by registered mail. Any notice you are required to provide must be handed to the Chair or mailed addressed to the Company's mailing address. If the Company Is required to provide you with notice, it will be either handed to you or addressed to you at your last known place of residence. |
| c) | In this Contract, a reference to: |
| i. | legislation Is to that legislation as amended, re-enacted or replaced, and includes any subordinate legislation issued under it; |
| ii. | a policy or other document is to that policy or document as amended, supplemented, replaced or novated; and |
| iii. | the "Coronado Group" includes a reference to any member of the Coronado Group. |
| d) | Any provision of this Contract which is unenforceable or partly unenforceable Is, where possible, to be severed to the extent necessary to make this Contract enforceable, unless this would materially change the Intended effect of this Contract. |
| e) | These terms and conditions and your employment referred to in this Contract will be governed by the laws of Queensland. |
10
Acceptance Of Contract
By signing this Contract, you are acknowledging that:
| a) | you have not relied on any representations regarding your employment made by the Company, the Employer or the Coronado Group (or its agents or employees} other than matters expressly set out in this Contract; |
| b) | you have been given an opportunity to obtain advice concerning its contents and effect; and |
| c) | you have read and understand the contents of this Contract and the letter of offer and your obligations. |
| Signed: | /s/ Barend J. van der Merwe | Date: | July 14, 2026 |
Barend J. van der Merwe
Exhibit 10.2

July 14, 2026
Garold Spindler
Dear Gerry,
Appointment as Non-Executive Director
I am pleased to confirm that upon your resignation as Interim Chief Executive Officer of Coronado Global Resources Inc. (Company), effective as of July 31, 2026, your role as a director of the Company will continue but your appointment as Non-Executive Director of the Company will take effect on 1st August 2026.
If you have any questions about this letter or any of the documents that will be provided to you, please contact Philip Peacock, Chief Legal Officer.
Term of appointment and vacation of office
Your role as a director is contingent on, satisfactory performance and re-election in accordance with the Certificate of Incorporation, By-laws and ASX Listing Rules (as applicable).
Following your appointment, you will hold office until:
| · | you resign in writing to the Company; or |
| · | you cease to be a director in accordance with the Certificate of Incorporation and/or By-laws and the ASX Listing Rules (as applicable). |
Role and responsibilities
The Board as a whole is collectively responsible for promoting the success of the Company by directing and supervising the Company’s affairs. The Board has a number of functions, including:
| · | providing leadership of the Company with a framework of prudent and effective controls which enable risk to be assessed and managed; |
| · | setting the Company’s strategic aims, ensuring that the necessary financial and human resources are in place for the Company to meet its objectives, and reviewing management performance; and |
| · | setting the Company’s values and ensuring that its obligations to its shareholders and others are understood and met. |
Your role as a Non-Executive Director has the following key elements:
| · | constructively challenge and contribute to the development of strategy; |
| · | scrutinise the performance of management in meeting agreed goals and objectives, and monitor the reporting of performance; |
| · | ensure that compliance programs are established in order to assist in satisfying that financial information is accurate and that financial controls and systems of risk management are robust and defensible; and |
| · | be responsible for succession planning and determining appropriate levels of remuneration of executive directors. |
| Coronado Global Resources Inc. | Level 33, Central Plaza One, 345 Queen Street |
| ARBN: 628 199 468 | Brisbane QLD 4000 |
| T: +61 7 3031 7777 | F: +61 7 3229 7402 | |
| www.coronadoglobal.com |
Full details of the role of the Board and key Board responsibilities are set out in the Board Charter and Corporate Governance Guidelines.
As a Non-Executive Director you continue to have certain directors’ duties, including duties under the Australian Corporations Act and Delaware law to act with care and diligence, in good faith, in the best interest of the Company and its shareholders and put the interest of the Company and its shareholders over your own personal interests when making decisions for the Company, and duties in relation to a directors' use of position and information.
Training and continuing education
Should you require any information regarding your role and duties as a Non-Executive Director and details of the Company and the environment in which it operates please contact Philip Peacock, Chief Legal Officer. You will be required to attend site visits to the Company’s major centres of operation (including Curragh Mine) as well as meetings with members of management..
You will be regularly briefed at Board meetings in relation to business performance and current major issues, with this process being supported by periodic site visits in conjunction with Board meetings.
The Board will also provide a program of continuing education to ensure that all directors are kept up to date with developments in the industry both locally and at an international level. Directors are also expected to undertake any necessary continuing professional education to enable them to discharge their duties.
Please contact the Chief Legal Officer if you have any specific queries or requests of management.
Board meetings
It is expected that the Board will meet for regular meetings approximately 4 times a year. At least 2 of the 4 Board meetings will be physically held in the United States with the remaining Board meetings to be held in Australia.
In addition to the scheduled meetings, the Board may also meet at other times to consider significant matters as they arise. The Secretary will separately notify you of any additional special meetings.
It is expected that you will attend all meetings of the Board in person, or failing that, participate by electronic or other means. By accepting this appointment, you consent to the use of technology such as email or telephone to convene meetings, and to the holding of meetings by telephone or videoconference. You are asked to notify the Secretary in advance if you cannot attend any meeting.
Board papers will be distributed to you electronically and will generally be sent to you at least one week prior to Board meetings.
Board committees
The Board operates the following standing committees:
| · | Audit, Governance and Risk Committee; |
| · | Compensation and Nominating Committee; and |
| · | Health, Safety, Environment and Community Committee. |
You may be asked from time to time to participate in one or more of the Board’s other committees or be removed from a committee. As a member of a committee, you will be required to involve yourself in the activities of the committee that will include, as a minimum, attendance at committee meetings.
Time commitment envisaged
It is expected that you will commit sufficient time to adequately discharge your duties as a director of the Company. At times this will include being available at short notice and may include periods where you will be asked to commit substantial amounts of time.
You should expect to devote sufficient preparation time ahead of each Board and committee meeting as necessary.
Page 2 of 8
Apart from preparing for and attending Board and committee meetings it is expected that you will keep yourself up to date concerning matters affecting the Company and the coal mining industry generally. This may involve meetings with other directors, senior management and shareholders of the Company outside formal scheduled meetings. In addition, it is expected that you will attend all meetings of the Company’s shareholders in person.
You should formally notify the Company of all other directorships held by you and other current significant commitments that have not been advised to date.
By accepting this appointment, you acknowledge that you have sufficient capacity to meet the necessary time commitments required by your performance as a Non -Executive Director.
Performance Evaluation
Your performance as a director, together with the performance of the Board as a whole and the Board’s committees, will be reviewed in accordance with processes agreed by the Board from time to time.
Directors will provide feedback in relation to the performance of the Board and its committees on an annual basis. It is important that individual directors participate in such reviews. Each Board committee will also be required to provide feedback in terms of a review of its own performance.
Fees and expenses
You will receive compensation for your services as a Non-Executive Director in accordance with the compensation program for Non-Executive Directors as in effect from time to time. The current compensation for your position, including the standard director’s fee, is currently AU$175,000 per annum, which includes any statutory superannuation required.
Non-Executive Directors may elect to receive some of their annual base fees as Restricted Security Units (RSUs). Further information about the election process for RSUs will be provided to you separately.
Your fees will be paid on a monthly basis by electronic funds transfer into a bank account nominated by you. Please contact the Chief People & Sustainability Officer to make the necessary arrangements.
If applicable, you may choose to receive your superannuation contributions through the Company’s superannuation fund. Alternatively, you may choose to receive your superannuation contributions through your nominated personal superannuation fund or other complying fund. We will provide you with a superannuation standard choice form. Please complete this form and give this to the Chief Legal Officer or the Secretary as soon as possible.
It is understood and agreed that in performing services as a director, you are acting as an independent contractor and not as an employee of the Company or any of its affiliates. You will not be entitled to participate in any benefit plan, policy or program sponsored or maintained by the Company or its affiliates for the benefit of their employees. You will be solely responsible for making all applicable tax filings and remittances with respect to amounts paid to you as a director. You are required to provide any information or forms reasonably requested by the Company to determine whether applicable law requires that taxes should be withheld from any payment made to you pursuant to this letter. Notwithstanding the foregoing, if the Company reasonably determines that applicable law requires that such taxes should be withheld, the Company reserves the right to withhold, as legally required, and to notify you accordingly.
You are entitled to be reimbursed travelling and other expenses you properly incur concerning the Company’s affairs, including attending and returning from general meetings of the Company or meetings of the Board or Board committees. It is the usual practice for the Company to provide transport and accommodation for Directors in respect of Company related business.
Except for expenses associated with travelling, you should obtain the approval of the Chair for the expense before you incur it. Please note that the Company does not pay benefits (other than statutory entitlements) on the retirement of a Non-Executive Director.
Page 3 of 8
Directors’ shareholding
The Company has established a Minimum Shareholding Policy for Non-Executive Directors (a copy of which will be provided to you) which requires Non-Executive Directors to maintain a minimum holding of Company securities.
The Company also has in place a Securities Dealing Policy (a copy of which will be provided to you) that regulates dealing in the Company’s securities by directors and their associates. You should make yourself familiar with this policy, as you are required to comply with it.
You are also required to disclose any trading in Company securities (refer below).
Ongoing disclosure of interests and matters affecting independence
We acknowledge that you have business and other interests outside the Company.
Copies of the current standing notices about interests of all current directors will be provided to you for your information. Your completed notification of interests will be circulated to other directors.
You are expected to declare any current conflict (or potential conflict) of interests and any potential conflict that you become aware of to the Chief Legal Officer as soon as apparent. This would include details of:
| · | outside directorships; |
| · | outside investments of significance, of both you and your immediate family; and |
| · | outside employment or engagements. |
The Board may require you to take such steps as are necessary and reasonable to resolve any conflict of interest within an appropriate period. In the event of an actual or potential conflict, the Board may also determine that you should not receive access to certain books and records to which the conflict relates, including any relevant Board papers and that you should absent yourself from the room when the Board discusses and votes on matters to which the conflict relates.
You have been given guidelines, contained in the Board Charter and Corporate Governance Guidelines, which have been adopted to assess the independence of directors and have confirmed that you regard yourself as an independent director within the framework of those guidelines. The Board will assess the independence of each Non-Executive Director at least once a year, and more frequently if required.
If there is a change in circumstances which could affect your independence (or be perceived to do so), you must immediately disclose this to the Board.
Notification of interests to ASX
As a listed company, the Company is required to provide to the ASX information in relation to a director’s interests and transactions in securities of the Company or its related bodies corporate, and to make arrangements with directors obliging them to provide certain information to enable the Company to meet its disclosure obligations within the required time frame. A copy of the Listing Rule 3.19B agreement for these purposes will be provided to you for your completion and signing.
In addition, you will be expected to comply with the Company’s reporting requirements of the Exchange Act of 1934, as amended. If the Company becomes listed in the United States, you will be expected to comply with certain additional disclosures relating to director interests as required in the United States.
There are prescribed forms for notification to ASX. The Secretary will prepare the initial notification based on the information you provide in relation to your current interests and holdings and will lodge it with the ASX. Please notify the Chief Legal Officer within the time frames set out in the Listing Rule 3.19B agreement if your interests in the Company change.
Page 4 of 8
Indemnity, insurance and access to Company documents
You have already entered into an Agreement of Indemnity, Insurance and Access (Agreement) on terms similar to those entered into with the current directors. A copy of the Agreement can be provided to you if requested.
A copy of the Company’s D&O insurance policy will be provided to you. This D&O insurance policy will be maintained while you hold office of director and for a further 7 years after you cease to be a director of the Company, under the terms of the Agreement.
Independent Advice
Occasions may arise when you consider that you need professional advice in the furtherance of your duties as a director and it is understood that it may be appropriate for you to seek advice from independent advisers at the Company’s expense. It is expected that you will comply with relevant Board policies when doing so (including consulting with the Chair before seeking such advice).
Confidentiality
Directors must keep confidential Board discussions, deliberations and decisions which have not been publicly disclosed by the Company.
Confidential information received by a director in the course of the exercise of directorial duties remains the property of the Company, and it is improper to disclose it (or allow it to be disclosed) either during your appointment or following cessation of your appointment, unless that disclosure has been properly authorised (including in the case of certain directors, pursuant to the Stockholders Agreement between the Company and Coronado Group LLC), or is required by law.
Nothing in this letter prohibits a director from providing truthful information to governmental or regulatory bodies, including reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistle-blower provisions of federal law or regulation. Directors do not need the prior authorization of the Company to make any such reports or disclosures and Directors are not required to notify the Company that such reports or disclosures have been made.
In addition, some information coming to the Board may be subject to a confidentiality undertaking in favour of third persons, and use of that information in breach of the undertaking could expose the Company to liability.
Management
All directors have access to the Chief Legal Officer and the Secretary. If you wish to contact a member of the Company’s management, either the Chief Legal Officer or the Secretary are available to facilitate the meeting.
Charters and policies
In addition to the documents specifically referred to in this letter, Schedule 1 lists various other materials relevant to your role which will be provided to you. These policies and other documents are designed to ensure that the directors, management and employees not only meet their legal obligations, but maintain the Company’s core values.
From time to time, the Company may revise the existing policies and adopt new policies in accordance with applicable legislative and governance requirements.
Page 5 of 8
We look forward to you continuing as a director of the Company in the role as a Non-Executive Director to our Board. Please feel free to contact me or Philip Peacock, Chief Legal Officer, if you have any queries in relation to the above.
Yours sincerely
| /s/ Greg Pritchard |
Greg Pritchard
Chair
Please sign and return a copy of this letter to the Chief Legal Officer
Acknowledgment
I, Garold Spindler, confirm that I accept the appointment as Non-Executive Director of Coronado Global Resources Inc. on the terms of appointment set out in this letter.
| Date | July 14, 2026 |
sign here ► /s/ Garold Spindler
| print name | Garold Spindler |
Page 6 of 8
Schedule 1
Relevant material
| Form | Action required | |
| Consent to act as a Director | No action required | |
| Notification of Interests | No action required | |
| ASX Letter Agreement (Listing Rule 3.19B) | No action required | |
| Appendix 3X – Initial Directors’ Notice | No action required | |
| Notification of Bank Account Details | No action required | |
| ATO Tax File Number Declaration1 | No action required | |
| Form W-8 (for Australian Directors) | No action required | |
| Form W-9 (for US Persons) | No action required | |
| Superannuation Election Form | No action required | |
| Agreement of Indemnity,Insurance and Access | No action required | |
| Copy of the Company D&O insurance policy | No action required | |
1 Note that failure to complete this form obliges the Company to deduct PAYG instalments at the top marginal rate of tax.
Page 7 of 8
| Form | Action required | |
| Board & Committee Calendar | No action required | |
| Board and Committee Charters | No action required |
| · | Board Charter and Corporate Governance Guidelines |
| · | Audit, Governance and Risk Committee |
| · | Compensation and Nominating Committee |
| · | Health, Safety, Environment and Community Committee |
| Board and Company Policies | No action required |
| · | Code of Business Conduct and Ethics |
| · | Securities Dealing Policy |
| · | Continuous Disclosure Policy |
| · | Gender Diversity Policy |
| · | Whistleblowing Policy |
| · | Anticorruption Policy |
| · | External Audit Policy |
| · | Minimum Shareholding Policy |
| Certificate of Incorporation and By-laws | No action required |
| Copies of current Directors’ current Standing Notice of Directors’ Interests | No action required | |
Page 8 of 8
Exhibit 10.3

July 14, 2026
Sandeep Deoji
c/o: [email protected]
PRIVATE AND CONFIDENTIAL
Dear Sandeep,
RE: INTERIM APPOINTMENT CONFIRMATION
I am pleased to confirm your temporary appointment to the role of Interim Chief Financial Officer for Coronado Global Resources, effective 1st August 2026. This appointment will continue until communicated otherwise.
Effective from 1st August 2026, your TEC will be increased to $580,000 per annum (inclusive of tax and superannuation). This increase is provided in recognition of you assuming the responsibilities associated with the Interim Chief Financial Officer role.
All other terms and conditions of your employment will remain unchanged during this time. The increase in TEC will remain in place until communicated otherwise.
We appreciate your willingness to take on this Interim position and look forward to having you as a member of the Leadership Team.
| Yours sincerely | |
| /s/ Emma Pollard |
Emma Pollard
Chief People & Sustainability Officer
| Curragh Queensland Mining Pty Ltd | Private Mail Bag | |
| ABN: 55 095 450 418 | Blackwater QLD 4717 | |
| T: +61 7 4986 9211 | F: +61 7 4986 9361 | ||
| www.coronadoglobal.com |
6 May 2021
PRIVATE AND CONFIDENTIAL
Sandeep Deoji
Dear Sandeep,
I am pleased to offer you full-time employment in the position of Group Financial Controller with Curragh Queensland Mining Pty Ltd (CQMPL) ("the Company").
Your employment under the terms of this letter and the attached Contract of Employment will start on Monday 17 May 2021 unless otherwise agreed. The Company acknowledges that your service commenced on 28 September 2015 and will recognise that date for the purpose of all service-related entitlements.
Attached to this letter is your Contract of Employment which further details the terms and conditions of your employment. This letter and the attached Contract of Employment will together form your terms of employment. These supersede all prior discussions, negotiations, understandings and agreements.
All employees of the Company are required to adhere to Company policies, procedures and guidelines although these do not form a part of your Contract of Employment. You must ensure that you are familiar with the contents of the Company's policies, procedures and guidelines as are current or updated from time to time.
I look forward to continuing to work with you to ensure the success of our operations.
Should you have any queries concerning this offer or the terms and conditions of your employment, please do not hesitate to contact me.
To accept this offer of employment please return a signed and dated copy of this Letter of Offer, together with a signed and dated copy of the attached Contract of Employment to Leanne Spencer (lspencena,curraqh.com.au) by Friday 07 May 2021.
Yours sincerely
Gerhard Ziems
Group Chief Financial Officer
I have read, understand, agree to and accept all the terms and conditions that apply to my employment with the Company as outlined in this Letter of Offer and related documents, including the attached Contract of Employment. I confirm that the payment amounts which I receive under the Contract of Employment, satisfies any obligations on the Company to pay to me any entitlements to which I may otherwise be entitled under an industrial instrument or law.
| Signed: | /s/ Sandeep Deoji | Date: | May 10, 2021 | |
| Sandeep Deoji | ||||
Contract of Employment
This contract of employment ("Contract") confirms the express contractual terms and conditions of employment between Curragh Queensland Mining Ply Ltd ("the Company") and the employee ("the Employee" or "you").
Commencement and Location of Employment
Unless agreed otherwise, your appointment to this position will commence on Monday 17 May 2021.
Your employment with the Company will continue until terminated by either party in accordance with the terms of this Contract.
Your position will be based at Brisbane, however you may be required by the Company to work at other locations (on a temporary or permanent basis) to perform the inherent requirements of your position. The Company may require you to travel within the state, interstate or overseas to perform your duties.
You may be required to transfer to other positions and locations with the Company or the Coronado Global Resources Group ("Coronado Group"), subject to appropriate consultation and notice.
Role and Reporting Structure
The Company will employ you in the role of Group Financial Controller. The position currently reports to the Group Chief Financial Officer (Leader). You will report to the Leader or as otherwise directed by the Company.
Duties
During your employment you must:
| (a) | during your working hours and at other times as reasonably necessary, devote your whole time, attention and ability to the business of the Company; |
| (b) | serve the Company and perform your duties diligently, honestly and faithfully; |
| (c) | exercise and carry out all duties required of you within your skills and competence; |
| (d) | follow all lawful and reasonable directions and instructions given to you by the Company; |
| (e) | not, without the prior written consent of the Company, directly or indirectly engage in any other employment or in any other activity (whether paid or unpaid) which may conflict with your duties as an employee of the Company or may adversely affect the reputation of the Company or the Coronado Group (and you warrant that you are not under any obligation or restriction which would interfere or conflict with your employment in this role or your obligations and duties under this Contract); |
| (f) | notify the Company immediately if any interest or obligation arises which may be inconsistent with your obligations to the Company or which may adversely affect the reputation of the Company; |
| (g) | comply with any direction from the Company to take all necessary action to remove any conflict (whether direct or indirect) (and you acknowledge that in some circumstances a serious conflict may justify the termination of your employment); |
| (h) | promote the interests and welfare of the Company, and not act in any way which may harm or prejudice the reputation and goodwill of the Company or the Coronado Group; and |
| (i) | as lawfully required by the Company, perform work for any other member or members of the Coronado Group. |
You must perform the duties reasonably associated with your position. The Company may vary your duties and responsibilities from time to time or assign you additional duties and responsibilities as may be directed by the Company or your Leader. In particular, you may be required to perform any duties in any area of the operation, subject to your competence and any safety and statutory requirements. You may also be requested to train to become competent in new skills as required by the Company.
If your position, duties or reporting structure change, this Contract will continue to apply to your employment unless you and the Company enter a new written employment contract or vary this Contract in writing.
Hours of Work
Your ordinary hours are in accordance with the NES, during the Company's ordinary business hours, and reasonable additional hours in accordance with the Company's operational requirements. Because of the nature of your position, you acknowledge and agree that any additional hours that you are required to work in excess of your ordinary hours per week are reasonable so far as they are necessary for the full and proper performance of your duties under this Contract. Your remuneration includes compensation for this.
Your hours of work may be averaged over a period of up to six months.
You acknowledge and agree that you will comply with any time recording requirements as notified by the Company from time to time.
Total Employment Cost
You will be paid on a total employment cost (TEC) basis. Your initial TEC is $275,000 (less applicable tax) per annum (inclusive of superannuation).
Your TEC is made up of the following components:
| (a) | Cash salary: |
Your cash salary will be the amount remaining after deducting from your TEC the amounts for Company superannuation contributions paid by the Company for your benefit, and any other pre-tax deductions nominated by you. Your cash salary, net of tax and authorised deductions, will be paid no less frequently than on a monthly basis by electronic funds transfer into bank account/s nominated by you.
| (b) | Superannuation: |
The Company will make compulsory superannuation guarantee contributions, on your behalf, up to the quarterly maximum contribution required under the Superannuation Guarantee (Administration) Act 1992 (Cth). Superannuation guarantee contributions are included as part of your TEC.
By agreement with the Company, you may choose to make additional voluntary contributions to your chosen fund.
If you do not nominate a superannuation fund, contributions payable on your behalf will be directed to the Company's default superannuation fund. A Choice of Fund form can be returned at any time and future contributions will be made to your nominated fund.
You consent to the provision of your personal information, including any health information, between the Company and the superannuation fund and their service providers. This information is necessary to facilitate the provision of benefits in the course of your employment and for the management of the fund.
Your TEC is in full recognition of the requirements of the role and the hours of work necessary to perform the role. Unless otherwise specified in this Contract, your TEC includes compensation for all entitlements, benefits or payments that you may be otherwise entitled to, including under any applicable industrial instrument or legislation. This includes, but is not limited to:
| · | minimum weekly wages; | |
| · | allowances; | |
| · | overtime; | |
| · | penalty rates; | |
| · | shift loadings; | |
| · | annual leave loading; and | |
| · | any other loadings or penalties. |
Accordingly, you will not be paid any special rates or allowances for working particular times or under particular conditions unless otherwise agreed in writing.
The Company is entitled to apply:
| · | any over-industrial instrument payments or other benefits provided for in this Contract, or paid to you in excess of minimum statutory or industrial instrument entitlements, in satisfaction of any industrial instrument entitlements or other entitlements to which you are, or become, entitled; | |
| · | overpayments for any entitlement in any pay period against another entitlement or pay period. |
For avoidance of doubt, your annual remuneration should not be regarded as an annualised wage arrangement under any applicable industrial instrument.
Incentive Arrangements
You may be eligible to participate in incentive arrangements offered by the Company or Coronado Group from time to time. Details of these arrangements will be provided to you separately, and do not form a part of this Contract.
Annual Leave
You will be entitled to annual leave in accordance with the applicable legislation. Currently, full time employees are entitled to 4 weeks annual leave per annum. You are required to apply for annual leave at least 4 weeks prior to your first day of intended leave, or such shorter period as may be agreed with your Leader. Annual leave approved by your Leader and taken during employment will be paid based on your usual rate of pay.
Annual leave is to be taken within 12 months of accruing. If you do not take the leave within this period, the Company may direct you to do so upon giving you one month's notice (without limiting the Company's rights at law).
You and the Company may agree in writing for you to cash out an amount of paid annual leave in accordance with statutory requirements.
On termination of employment, you will be paid for any accrued and untaken annual leave based on your usual rate of pay.
Long Service Leave
You are entitled to long service leave in accordance with applicable legislation.
Other Leave
You are entitled to personal/carer's leave, parental leave, compassionate leave, community service leave and family and domestic violence leave in accordance with applicable legislation.
Public Holidays
Public Holidays will be those declared as public holidays in the state or territory in which you work. Although you are not normally required to work on public holidays (and will be entitled to paid leave), you may be requested, and you will not unreasonably refuse, to work on a public holiday in order to perform your duties and meet the operational requirements of the Company, compensation for which is included in your remuneration.
Medical Assessments
The Company may, from time to time at its discretion, require you to undergo an independent medical assessment by a doctor or other health professional(s) nominated by the Company.
You consent to the doctor or health professional releasing the results of that assessment to the Company. The Company will keep this information confidential and the Company will only use it to assess your ability to perform your duties or meet the Company's work health and safety obligations, which may result in the Company taking action including, but not limited to:
| · | requiring you to return to work; | |
| · | requiring you to leave, or remain away from work, for a period of time; or | |
| · | ending your employment. |
The above requirement is separate to, and in addition to, any requirement for a health or medical assessment under applicable legislation.
Guarantee of Annual Earnings
This clause, and the Company's undertaking in this clause, only applies if at any time during your employment your remuneration package (inclusive of salary and the value of non-monetary benefits) exceeds the high income threshold as defined in the Fair Work Act 2009 (Cth). If your remuneration exceeds the high income threshold, for the purpose of section 330 the Fair Work Act 2009 (Cth), the Company undertakes that it will pay you your remuneration package set out in this Contract or a variation to this Contract (inclusive of salary and the value of non-monetary benefits), for a period of at least 12 months. As a result, the modern award you are covered by will not apply to your employment for the period during which this undertaking operates. By entering into this Contract, you accept this undertaking and the amount of your annual remuneration package.
This undertaking will continue until the earlier of your employment with the Company ending; you accepting a new undertaking from the Company; or you and the Company agreeing to revoke this undertaking.
This undertaking does not affect the rights of either you or the Company to end the employment relationship in accordance with the termination provisions set out in this Contract.
Compliance with Company Policies and Procedures
During your employment you are required to comply at all times with all Coronado Group's policies and procedures as varied or introduced from time to time.
It is your obligation to familiarise yourself with current policies and procedures that are relevant to your employment and to comply at all times with such policies and procedures. The Coronado Group's policies and procedures operate independently of this Contract and are not incorporated into this Contract and are not binding on the Coronado Group or the Company.
The Coronado Group reserves the right to amend, revoke, introduce or replace its policies and procedures at its discretion.
Occupational Health and Safety
You must comply with all occupational health and safety systems and requirements that are relevant to your work. You must attend to your work safely, take all reasonable care and notify your Leader if you become aware of any workplace risks. You must not create a potential safety risk to yourself or others in the course of your employment.
Privacy
You consent to the Company collecting, storing, using and disclosing your personal and health information for any lawful purpose relating to your employment, and to the Company transferring your personal and health information outside Queensland and Australia in the course of its business activities.
You also consent to the Company disclosing your personal and health information to third parties for any lawful purpose relating to your employment. These persons include the Australian Tax Office or other government agencies, related entities, superannuation fund trustees and administrators, contractors, bankers, insurers, medical, rehabilitation or occupational practitioners, laboratory analysts, investigators, financial and legal advisers, potential purchasers on sale of business, law enforcement bodies and regulatory authorities.
Confidential Information
"Confidential Information" means any information which is confidential and not in the public domain (unless in the public domain because of a breach of confidentiality), including, but not limited to:
| · | technical information relating to the Coronado Group, including its operations, products and services; | |
| · | all information concerning the Coronado Group, its methods of operating, marketing and other activities; | |
| · | information concerning the Coronado Group's customers or clients or prospective customers or clients; | |
| · | personal information about officers, employees or contractors engaged by the Coronado Group; | |
| · | the Coronado Group's policies, procedures, handbooks, manuals and forms; and | |
| · | competitive and financial information concerning the Coronado Group not in the public domain. |
During your employment with the Company you will have access to or may become acquainted with Confidential Information.
You must not use or disclose Confidential Information, except
| (a) | for the purpose of and to the extent necessary to properly perform your duties; or |
| (b) | where disclosure of specific Confidential Information is required to comply with any applicable law; or |
| (c) | the use or disclosure of the Confidential Information is agreed by the Company in writing. |
You must immediately notify the Company of any suspected or actual unauthorised use, copying or disclosure of Confidential Information.
You agree that upon termination of your employment for any reason you will return to the Company all of the Confidential Information that you have in your possession.
Your obligations under this clause continue after your employment ends.
Intellectual property
For the purpose of this clause:
Work means any invention, discovery, design, improvement, formula, process, technique, literary or artistic work, or any other item in which Intellectual Property Rights subsist or are capable of subsisting and is wholly or partly created, made or discovered by you either:
| (a) | during your employment (whether or not during ordinary working hours): or |
| (b) | otherwise using the facilities, resources, time, Confidential Information or any other opportunity provided by the Company, or the broader Coronado Group. |
Intellectual Property Rights means all existing and future rights, which may be protected by copyright, patent, design, trademark or other registration or other forms of protection in Australia or elsewhere.
Moral Rights includes the right to be identified as the author of the work, the right not to have any other person identified as the author of the work and the right of integrity of authorship (as defined in the Copyright Act 1968 (Cth)).
The Work and all Intellectual Property Rights in the Work will belong absolutely to the relevant company or companies within the Coronado Group and you agree to do all things necessary and execute any document required to give effect to this ownership.
You must immediately and fully disclose to the Company any Work created, contributed to, made or discovered by you during your employment.
You consent to any act or omission by the Company or the Coronado Group which would otherwise infringe or breach any Moral Rights you may have in any Work made by you in the course of employment.
You also agree that this consent and waiver extends to any licensees and successors in title to the Company or relevant company within the Coronado Group in respect of such Works, as well as to any persons who are authorised by the Coronado Group or by its licensees and successors in title to do acts comprising the copyright of such Works.
You agree to execute any further document necessary to give effect to this. If you do not comply with such a request by the Company within 7 days, you authorise the Company (or any persons authorised by the Company) to do all things and execute all documents necessary to give effect to that request on your behalf.
For the avoidance of doubt, your obligations under this clause continue after your employment ends.
Termination of Employment
Either party may terminate your employment by giving the other party eight [8] weeks' written notice (or other greater period if required by law). If notice of termination is given to you, the Company may, at its discretion, make a payment in lieu of notice for all or part of the notice period or require you to work for all or part of the notice period.
If you or the Company gives notice ending your employment, the Company may direct you at any time during the notice period:
| · | not to attend work; or | |
| · | not to perform all or part of your duties; or | |
| · | perform duties that you have the necessary skills and competence to perform which are different to your normal duties; or | |
| · | cease contact with the Company's clients, customers or suppliers. |
In the event that you end your employment without giving the specified period of notice, you agree to pay the Company an amount equal to your total remuneration for the balance of the notice period not served. You agree 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.
The Company may terminate your employment immediately without notice or payment in lieu of notice if you:
| (a) | engage in any serious or willful misconduct including by committing any willful, serious or persistent breach of your terms and conditions of employment or any Company policy, procedure or guideline or by serious negligence in the performance of your duties; |
| (b) | engage in any other conduct (either at work or otherwise) which in the reasonable opinion of the Company is likely to affect adversely the reputation of the Company or the Coronado Group and/or render you unsuitable for employment by the Company; or |
| (c) | are convicted of an offence punishable by imprisonment; or |
| (d) | commit any other act that would justify summary dismissal at law. |
If your employment is terminated for any of the above reasons, the Company will pay you up to the day of termination only.
Suspension
Without limiting the Company's right to terminate your employment without notice in the circumstances set out above, the Company may suspend you from duly with pay, or direct you to perform work in a different position, at any time during the term of your employment, including but not limited to in circumstances where the Company forms the view that your conduct, capacity or performance may warrant serious disciplinary action (including ending of your employment). If the Company suspends you from duly, it may appoint someone else to your role for the period of suspension.
Retrenchment Benefits
In addition to the above notice period, if your employment is terminated by the Company due to redundancy you will be entitled to receive retrenchment benefits in accordance with applicable legislation as advised to you and amended from time to time.
Company Property
Upon the cessation of your employment you will return to the Company or an authorised officer of the Company:
| (a) | all originals and copies in any form (including but not limited to computer data) of all books, records and documents relating to your duties, functions and responsibilities as an employee of the Company or its business affairs (including customer lists and details); and |
| (b) | all other things belonging to the Company (including but not limited to keys, security cards and passes, corporate credit cards, mobile phones, copies of documents and computerised information). |
Your obligations under this clause continue after your employment with the Company ends.
Set Off
Immediately on your employment ending or at any other time requested by the Company, you:
| (a) | agree to pay to the Company all amounts you owe to it or a related entity (for example, amounts such as personal expenses incurred on a Company mobile telephone, or amounts owing for Company funded study assistance) or any amounts mistakenly paid to you such as an overpayment; |
| (b) | authorise and direct the Company to deduct or withhold unpaid amounts from monies otherwise owed to you during employment or upon termination of employment; and |
| (c) | acknowledge that if you fail to repay any monies owing to the Company, including any amounts paid to you by mistake, the Company may demand and enforce the recovery of such monies as a debt immediately due and payable by you to the Company. |
Post-Employment Restrictions
'Confidential Information' has the meaning given in the clause of this Contract entitled "Confidential Information".
'Competitive Business' means any business that is competitive with or substantially similar to the Company or the Coronado Group during the period of 6 months preceding the End Date or during the Restricted Period.
'End Date' means the date on which your employment with the Coronado Group ends.
'Entity' means an individual, company, partnership, joint venture (whether corporate or incorporate) or any other body (whether corporate or incorporate).
'Prescribed Position' means:
| 1. | a position as employee, director, secretary, company officer, agent, contractor, consultant or adviser of any Entity; |
| 2. | a partner, shareholder or member of any Entity: and |
| 3. | acting as any of the persons referred to in items 1 and 2 of this definition. |
'Restricted Area' means:
| 1. | Any country where the Coronado Group has operations, including at the date of this Contract the United States of America and Australia; or failing that |
| 2. | The United States of America and Australia; or failing that |
| 3. | Australia; or failing that |
| 4. | Queensland and New South Wales; or failing that |
| 5. | Queensland. |
'Restricted Period' means:
| 1. | the period of 12 months starting on the End Date; or failing that |
| 2. | the period of 6 months starting on the End Date; or failing that |
| 3. | the period of 3 months starting on the End Date; or failing that |
| 4. | the period of 1 months starting on the End Date. |
Inducing directors. employees or contractors to leave the Coronado Group
You must not (whether directly or indirectly) during the Restricted Period and in the Restricted Area, encourage, Induce or attempt to encourage or induce any director, officer, employee or contractor of the Coronado Group, with whom you had work related dealings during the 12 months preceding the End Date, or about whom you have, or have had, Confidential Information about in respect of their engagement with the Coronado Group, to terminate his or her engagement with the entity within the Coronado Group which engages them, whether or not that person would commit a breach of that person's contract of engagement.
Persuading the Coronado Group's customers or suppliers to cease or reduce business
You must not (whether directly or indirectly) during the Restricted Period and in the Restricted Area, solicit, canvass or approach any person or entity who was:
| (a) | a customer, client, agency or supplier of the Coronado Group with whom you had work-related dealings during the 12 months immediately preceding the End Date or about whom you have, or have had, Confidential Information; or |
| (b) | a potential customer, potential client, potential agency or potential supplier of the Coronado Group with whom, or in respect of whom, you had work-related dealings during the 12 months preceding the End Date or about whom you have, or have had, Confidential Information, |
with a view to:
| (c) | obtaining the custom or business of any such person or entity for your benefit or the benefit of any other person; |
| (d) | persuading any such person or entity to cease doing business with the Coronado Group; or |
| (e) | persuading any such person or entity to reduce the amount of business which the person or entity would normally do, or otherwise would have done, with the Coronado Group. |
Competing with the Coronado Group
You agree that you will not (whether directly or indirectly and in any position including a Prescribed Position), during the Restricted Period and in the Restricted Area, use Confidential Information to gain an advantage for a Competitive Business or to cause detriment to the Coronado Group.
Priority of restrictions
You agree that you intend the restrictions in this clause ('Post-Employment Restrictions') to operate to their maximum extent. However, should a court consider it necessary to reduce the extent of a restriction, the parties intend that any reduction should be made to the Restricted Area before any reductions are made to the Restricted Period.
Consent
The restrictions in this clause ('Post-Employment Restrictions') do not apply in circumstances where you have obtained the Company's prior written consent.
Restrictions reasonable and inclusive
You agree that:
| (a) | you will obtain Confidential Information during your employment, the disclosure of which could materially harm the Coronado Group; |
| (b) | the restrictions in this clause ('Post-Employment Restrictions') are reasonable and necessary for the protection of the Coronado Group's Confidential Information and goodwill; |
| (c) | you intend the restrictions to operate to the maximum extent; |
| (d) | damages may be inadequate to protect the Coronado Group's interests and the Coronado Group is entitled to seek and obtain injunctive relief, or any other remedy, in any court; |
| (e) | the restrictions are separate, distinct and several, so that the unenforceability of any restriction does not affect the enforceability of the other restrictions; |
| (f) | consideration for these restraints is included in your remuneration; and |
| (g) | despite anything in this clause ('Post-Employment Restrictions'), for the purposes of this clause ('Post-Employment Restrictions'), a "substance over form" approach is intended to be taken as to whether the conduct prohibited by this clause ('Post-Employment Restrictions') occurred in the Restricted Area. For example, the provisions in this clause will apply if you solicit an employee located inside the Restricted Area but you take the relevant action (e.g. make a telephone call or send an email to that employee) from a location outside the Restricted Area. |
Modification of restrictions
If the restrictions in this clause ('Post-Employment Restrictions'):
(a) are void as unreasonable for the protection of the Coronado Group's interests; and
(b) would be valid if part of the wording was deleted or the period or area was reduced, the restrictions will apply with the modifications necessary to make them effective.
Obligations continue
Your obligations under this clause ('Post-Employment Restrictions') survive the ending of your employment.
Entitlement to Work in Australia
You warrant that you are legally able to reside and work in Australia and you acknowledge that your employment with the Company is conditional upon you being able to legally reside and work in Australia at all times.
Should your entitlement to work in Australia change you are required to advise the Company immediately. If you are unable to provide confirmation of your current (and updated) entitlement to work in Australia this offer of employment will be withdrawn or your employment with the Company will end.
General
| (a) | This Contract and the letter of offer states all of the express terms of the agreement between the parties in relation to your employment and supersede all prior discussions, negotiations, understandings and agreements with respect to your employment by the Company. These terms may only be modified by an agreement in writing signed by both parties. |
| (b) | Any notice to be given under these terms and conditions must be given in writing and may be given either personally or by registered mail. Any notice you are required to provide must be handed to your Leader or mailed addressed to the Company's mailing address. If the Company is required to provide you with notice, i) will be either handed to you or addressed to you at your last known place of residence. |
| (c) | In this Contract, a reference to: |
| (i) | legislation is to that legislation as amended, re-enacted or replaced, and includes any subordinate legislation issued under it; |
| (ii) | a policy or other document is to that policy or document as amended, supplemented, replaced or novated; and |
| (iii) | the "Coronado Group" includes a reference to any member of the Coronado Group. |
| (d) | Any provision of this Contract which is unenforceable or partly unenforceable is, where possible, to be severed to the extent necessary to make this Contract enforceable, unless this would materially change the intended effect of this Contract. |
| (e) | These terms and conditions and your employment referred to in this Contract will be governed by the laws of Queensland. |
Acceptance of Contract
By signing this Contract, you are acknowledging that:
| (a) | you have not relied on any representations regarding your employment made by the Company (or its agents or employees) other than matters expressly set out in this Contract; |
| (b) | you have been given an opportunity to obtain advice concerning its contents and effect; and |
| (c) | you have read and understand the contents of this Contract and the letter of offer and your obligations. |
| Signed: | /s/ Sandeep Deoji | Date: | May 10, 2021 | |
| Sandeep Deoji | ||||
Exhibit 99.1

ASX Announcement
14 July 2026
Coronado Global Resources Appoints Barrie van der Merwe as Chief Executive Officer
Coronado Global Resources Inc. (ASX: CRN; the Company or Coronado) today announced the appointment of Barend (Barrie) J. van der Merwe, currently Chief Financial Officer, as Chief Executive Officer and Managing Director, effective 1 August 2026.
Mr. Van der Merwe has served as Coronado's Chief Financial Officer and has been a member of the Company's executive leadership team since 2025. He brings more than three decades of mining industry experience across business turnarounds, restructuring, operational leadership, finance, strategy, project development and stakeholder engagement.
Coronado Chairman Greg Pritchard said:
"Following a thorough recruitment process, the Board is delighted to appoint Barrie as Chief Executive Officer and Managing Director.
Barrie has made a significant contribution to Coronado during his tenure as Chief Financial Officer and understands our operations, customers, shareholders, and changes required in the business very well.
The Board believes Barrie is the right leader for a phase during which the business needs to be returned to profitability and reduce debt to open up new strategic options."
Interim Chief Executive Officer and Founder, Gerry Spindler, will remain on the Board as a non-executive director.
Mr Spindler said:
"I am pleased to hand leadership of Coronado to Barrie.
Having worked closely with him, I have seen first-hand his leadership capability, commercial acumen and commitment to our people and our business.
Barrie cares for Coronado, our operations and our customers, and I am confident he is the right person to lead the Company. I look forward to continuing to support Coronado and Barrie as a member of the Board."
Incoming CEO Barrie van der Merwe said:
"It is a privilege to be appointed Chief Executive Officer and Managing Director of Coronado and I am honoured by the trust the Board is placing in me.
Through my time as Chief Financial Officer, I have developed a deep appreciation for our people, assets and customers and the potential of the business.
Coronado has long-life assets, talented and committed employees and an important role in supplying metallurgical coal to the steel industry and energy coal to Queensland.
| Coronado Global Resources Inc. | Level 33, Central Plaza One, 345 Queen Street |
| ARBN: 628 199 468 | Brisbane QLD 4000 |
| T: +61 7 3031 7777 | F: +61 7 3229 7402 | |
| www.coronadoglobal.com |
I am excited by the hard work that lies ahead. With the Leadership Team, I plan to drive our safety culture and business performance that I believe will return us to profitability, reduce debt, and serve our customers. My expectation is that this will create options for the Company and value for all stakeholders”.
The key terms of Mr. Van der Merwe’s employment arrangements, effective from 1 August 2026, have been finalised and a summary is set out in the Schedule of this announcement.
The Company also announces that Sandeep Deoji will be appointed Interim Chief Financial Officer, effective 1 August 2026 until the Board is ready to make a permanent appointment. During that time, Mr Deoji will be a member of the Company's Leadership Team.
This announcement was authorised for release by the Board of Directors of Coronado Global Resources Inc.
For further information, please contact:
| Investors Chantelle Essa Investor Relations P: +61 477 949 261 E: [email protected] E: [email protected] |
Media Helen McCombie Sodali & Co P: +61 411 756 248 E: [email protected] |
CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements concerning our business, operations, financial performance and condition, the coal, steel and other industries, and our plans, objectives and expectations for our business, operations, financial performance and condition. Forward-looking statements may be identified by words such as "may", "could", "believes", "estimates", "expects", "intends", “plans”, "considers", “forecasts”, “anticipates”, “targets” and other similar words that involve risk and uncertainties. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. They may include estimates of revenues, income, earnings per share, cost savings, capital expenditures, dividend payments, share repurchases, liquidity, capital structure, market share, industry volume, or other financial items, descriptions of management’s plans or objectives for future operations, risk inherent to mining operations, such as adverse weather conditions, or descriptions or assumptions underlying any of the above. All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions and expectations, but they are not a guarantee of future performance or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond the Company's control, that are described in our Annual Report on Form 10-K for the fiscal year ended 31 December 2025 filed with the ASX and SEC on 4 March 2026 (SEC 3 March 2026), as well as additional factors we may describe from time to time in other filings with the ASX and SEC. You may get such filings for free at our website at www.coronadoglobal.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
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SCHEDULE - Key Terms of Barrie van der Merwe’s Employment Contract
| Contract Position | Chief Executive Officer and Managing Director
|
| Term | Commencing 1 August 2026 and continuing until terminated.
|
| Remuneration | Base salary of AU$1,200,000 per annum (inclusive of superannuation).
In accordance with the agreement terms of Mr. Van der Merwe's commencement as Chief Executive Officer and Managing Director, he will be paid AU$350,000 (inclusive of superannuation) in December 2026 and AU$350,000 (inclusive of superannuation) in December 2027, in addition to his Base salary, Mr Van der Merwe continues to be entitled to participate in the Company’s incentive arrangements offered to senior executives from time to time.
|
| Termination of Employment | Either party may terminate Mr. Van der Merwe’s employment on 3 months’ notice. The Company may also make payment in lieu of notice. In the event the Company terminates Mr. Van der Merwe’s employment for cause, no notice period will apply.
In the event the Company terminates Mr. Van der Merwe’s employment other than for cause, the Company must pay Mr. Van der Merwe a termination payment equal to six months’ base salary.
|
| Restraint | A 12 month restraint provision applies. |
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