Peabody to increase CAPEX in Australia

PEABODY Energy is preparing to increase its capital expenditure in 2018 from the US$199 million it spent in 2017 as it seeks to further ramp production from its Australian thermal and met coal assets, according to CEO Glenn Kellow.

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Peabody to increase CAPEX in Australia Peabody to increase CAPEX in Australia Peabody to increase CAPEX in Australia Peabody to increase CAPEX in Australia Peabody to increase CAPEX in Australia

He said the company had made significant investments in its reserves and equipment in the past and so was able to maintain modest sustaining capital levels.

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