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Peabody could sell North Goonyella

PEABODY Energy is considering a range of options for its troubled North Goonyella flagship longwall mine in Queensland including an outright trade sale to another mining company after reducing costs of holding the assets in the December quarter by reducing employee numbers.

Lou Caruana
Peabody Energy's North Goonyella mine in Queensland.

Peabody Energy's North Goonyella mine in Queensland.

Mining has been stopped at North Goonyella since an underground fire there in 2018. Peabody announced it would abandon the mine's 10 North panel and based on this approach, it expected it could take...

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