Peabody declares force majeure amid heightened coking coal supply concerns

Peabody has declared force majeure over coal shipments from its North Goonyella mine in Queensland, Australia following a fire late last month and is expecting the suspension of operations at the site to affect it financially.

“Force majeure notices have been issued to coal customers and are being utilized with certain vendors,” the miner said on Thursday October 11. “While the timeline remains uncertain, the company will continue to evaluate potential next phases of stabilization, assessment,...


Sophie Zhao

October 12, 2018

08:06 GMT