New North Goonyella longwall to pay dividends for Peabody

THE NEW longwall to be installed at Peabody Energy’s North Goonyella mine in Queensland offers several benefits including greater utilisation, the company has said in a presentation.
New North Goonyella longwall to pay dividends for Peabody New North Goonyella longwall to pay dividends for Peabody New North Goonyella longwall to pay dividends for Peabody New North Goonyella longwall to pay dividends for Peabody New North Goonyella longwall to pay dividends for Peabody

Peabody Energy's North Goonyella mine in Queensland.

It said the longwall, which was expected to replace the current system in 2019, would deliver value for the company almost immediately.
 
Its benefits include avoiding lease payments and reducing longwall downtime in 2018 and 2019.
 
North Goonyella would be able to transition to higher-quality coal panels in 2019 with the new longwall, the company said.
 
According to Peabody the amount of time spent on longwall repairs is expected to be reduced on the new longwall once it is commissioned.  
 

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