THE recent fire incident at Peabody Energy’s North Goonyella longwall mine in Queensland – which has cost the company US$58 million in firefighting and longwall equipment that had to be sealed off -- should not hold back the company’s march towards greater profitability, Peabody CEO Glenn Kellow said.
Peabody Energy's North Goonyella mine in Queensland.
The company is now preparing to ramp up production after despite being likely face another $45 million in costs due to the fire and that is before the costs of lost production are even factored in. ...
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