Starting a longwall move at the Metropolitan mine in New South Wales also increased operating costs during the quarter.
The segment shipped 1.2Mt at an average realised price of $258.
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PEABODY Energy’s seaborne met segment has reported March quarter costs of US$112.87 per short ton – an increase of 7% – primarily due to higher fuel prices and mine sequencing at the Coppabella Middlemount joint venture in Queensland.
Starting a longwall move at the Metropolitan mine in New South Wales also increased operating costs during the quarter.
The segment shipped 1.2Mt at an average realised price of $258.
Cash operating costs increased due to several factors including diesel price.