ENVIRONMENT

COVID-19 prompts Peabody to put off 50 contractors at Coppabella

PEABODY Energy has slashed 50 contractors from its Coppabella mine in Queensland as the impact of COVID-19 restrictions on the global economy takes hold and repairs to mobile plant on site are made.

 Peabody Energy's Coppabella mine in Queensland.

Peabody Energy's Coppabella mine in Queensland.

Peabody CEO Glenn Kellow told a recent analysts' meeting that the company would continue to prune operations to meet coal demand.  "Mines that cannot demonstrate a path to cash generation at lower pricing...

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