Peabody Energy lowers met coal production rate, sales target

Peabody Energy will cut production at its Burton mine by about 1.5 million tpy, which will take the operations’ annual output to 1 million tonnes.

“The Burton mine is Peabody’s highest-unit-cost operation, and production levels are not sustainable in the current market environment,” Peabody said of the metallurgical coal mine in Queensland, Australia on Tuesday...


Daisy Tseng

August 05, 2014

11:00 GMT