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Peabody to resume output at Australia coal mine next quarter
Thursday, December 21, 2023 - 18:40:49
Bloomberg
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The company expects to produce development coal in the first quarter, with longwall mining expected in 2026, according to a statement Tuesday. Peabody also said it agreed in October to acquire an adjacent area to expand the reserves and is renaming the facility Centurion Mine.
The facility will have enough reserves for about 25 years, Peabody said. North Goonyella supplies metallurgical coal for making steel.
Shares of Peabody rose 1.2% before the start of regular trading in New York.
http://www.miningnewspro.com/en/News/627790/Peabody to resume output at Australia coal mine next quarter
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