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.
Average Wilpinjong costs of $28.16 per ton were 19% higher than the prior quarter due to lower volumes and higher overburden removal costs.
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 $258.43/t, a 22% increase...
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