- Write by:
-
Thursday, December 21, 2023 - 18:40:49
-
119 Visit
-
Print
Mining News Pro - Peabody Energy Corp. plans to resume production next quarter at its North Goonyella mine in Australia, which has been closed since a 2018 fire.
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.
Short Link:
https://www.miningnews.ir/En/News/627790
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), ...
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
No comments have been posted yet ...