Peabody idled an excavator fleet at Moorvale in November in light of elevated inventory levels.
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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