US-based coal miner Peabody Energy has announced that it has developed a multi-tiered plan in an effort to extinguish the fire and contain the impacts at its North Goonyella Mine in Queensland, Australia.
The company noted that the fire is ongoing, and it is too early to assess the extent of impacts.
Late last week, Peabody said it does not expect any production from North Goonyella in the fourth quarter of 2018 and has a small amount of coal in inventory to ship. It is too early to assess the full financial impact to future periods as a result of the ongoing issue. However, with strong performance from other mines, the company is maintaining its full-year 2018 metallurgical coal sales volume targets of 11-12 million mt.
