ex103

www.coronadoglobal.com.au

26 February 2026

PRIVATE AND

CONFIDENTIAL

Jeff Bitzer

c/o email

jbitzer@coronadoglobal.com

Dear Jeff,

Further to your discussions with

Douglas Thompson, this letter serves to

confirm your employment arrangements

from March 1,

2026,

following termination

of your

employment agreement

dated June

28, 2023

with Coronado

Global

Resources Inc. (the

Company

) on February

28, 2026 (Prior

Employment Agreement),

as follows:

●

Between March 1, 2026, and August

31, 2026 (Employment Period), you will hold the position of Strategic Advisor,

Operations.

In this

role you

will report

to the

Chief Operating

Officer. Your hours of

work will

be project-based

to 80 hours per calendar month and your salary will be

$27,000 per month. Additional hours agreed with the

Chief Operating

Officer will be

paid at

the rate

of $2,500 per

day.

●

For the entirety of this arrangement, you will be employed by Greenbrier Minerals LLC and will be entitled to

all benefits offered to active

employees of that entity; and you

shall comply with all policies,

procedures and

guidelines

relevant

your

employment.

Notwithstanding

the

termination

the

Prior

Employment

Agreement,

the

restrictions

and

obligations

(i)

Section

6(a)

the

Prior

Employment

Agreement

will

continue to apply

during the Employment Period

and after your

termination of employment

and (ii) in

Sections

6(b)-(g) will continue to apply during the Employment Period.

●

You

will retain

your entitlement

to receive

a Short-Term

Incentive (STI)

payment for

the 2025

performance

period (being January

1, 2025, to December

31, 2025) with

such payment to

be made by the

end of March

2026.

●

The Compensation and Nominating Committee of

the Board of Directors of the Company (C&N

Committee)

has determined that

you will retain your

full allocation of

Performance Stock Units

(PSUs) issued under

the

Coronado

Global

Resources

Long

Term

Incentive

(LTI)

plan

for

FY2024

and

FY2025,

which

will

remain

eligible to

vest subject to

testing by the

C&N Committee in

accordance with

the scorecard

applied to

members

of Company’s executive team.

●

The Coronado Group

LLC’s (the

majority shareholder of

the Company) Board

of Managers have

elected to

allow you to retain 100% of your MIUs, (being 60 Tier I Units; 25 Tier II Units and 25 Tier III Units), that were

granted under the Second

Amended and Restated Limited

Liability Company Agreement of

Coronado Group

effective as

of October

2018 (“Operating

Agreement”). As

a condition to

full vesting,

you will be

required to

deliver

the

standard

General

Release

Agreement

Coronado

Group

upon

the

termination

your

employment.

This letter further confirms

that both parties to

the

Prior Employment Agreement

agreed

to its termination

effective

February 28,

2026,

with the

exception noted above.

This letter

supersedes

all

prior

discussions,

negotiations,

understandings and agreements in relation to your employment arrangements

that will apply from March 1, 2026

with Greenbrier Minerals LLC.

Should

you have

any queries,

please

do not

hesitate

to contact

me. Yours sincerely

/s/ Emma Pollard

Emma Pollard

Chief People & Sustainability Officer

Jeff

Bitzer,

have

read,

understand

and

agree

the

terms

and

conditions

which

will

apply

employment with the Company from March 1, 2026,

as outlined in this letter.

Signed: /s/ Jeffrey D. Bitzer

Date:26/02/2026