Wambo underground problems weigh on Peabody thermal outlook

PEABODY Energy’s Australian thermal coal operations are set to struggle with lower prices caused by the COVID-19 pandemic and problems at its Wambo underground mine in New South Wales.

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Wambo underground problems weigh on Peabody thermal outlook Wambo underground problems weigh on Peabody thermal outlook Wambo underground problems weigh on Peabody thermal outlook Wambo underground problems weigh on Peabody thermal outlook Wambo underground problems weigh on Peabody thermal outlook

Peabody Energy's Wambo underground mine in NSW.

The company has already furloughed approximately 280 positions, including contractors, at its Wambo underground mine beginning in mid-June at the conclusion of its recent longwall move for 59 days.