Peabody cuts coking coal production at North Goonyella

Peabody Energy is cutting its metallurgical coal production by 1.5 million short tons per year from its North Goonyella mine in Queensland, Australia.

“The modified production plan is designed to lower costs, improve cash flows and increase productivity, while preserving high-quality hard-coking coal reserves for sales when markets improve,” the US miner said late on Wednesday June 3.

Output at North Goonyella will decline to about 2.3 million tons this year, compared with the previous target...


Daisy Tseng

June 04, 2015

04:07 GMT