SURFACE

Peabody moves to keep costs down at met coal operations

ONGOING actions to improve the cost structure at Peabody Energy’s Metropolitan, Coppabella and Moorvale mines has helped the company reduce operating costs for its seaborne metallurgical coal division in the third quarter by 15%.

Ongoing actions to improve the cost structure at Peabody Energy’s Metropolitan, Coppabella and Moorvale mines has helped the company reduce operating costs for its seaborne metallurgical coal division in the third quarter by 15%.

Ongoing actions to improve the cost structure at Peabody Energy’s Metropolitan, Coppabella and Moorvale mines has helped the company reduce operating costs for its seaborne metallurgical coal division in the third quarter by 15%.

Seaborne met costs per short ton, excluding prior year North Goonyella equipment and development costs, came to US$96.87/t for the quarter. That means Peabody made a near-on $25/t loss on each of the 1.1...

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