October 1, 2018 - Peabody (NYSE: BTU) today said 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. The plan was reviewed by the Queensland Mine Inspectorate and is undergoing implementation at this time.
Safety is Peabody's first priority, and the underground mine and surface areas remain restricted to access through exclusion zones while the work continues.
Elements of the plan include:
"Working in consultation with the Inspectorate and third-party experts, we're moving safely and as quickly as possible to address the situation," said President Peabody Australia George J. Schuller Jr. "Peabody appreciates the ongoing work of the team at North Goonyella, the Inspectorate, independent technical experts, Queensland Mines Rescue Service, union representatives and all of the people who are engaged in the response to this issue."
The company noted that the fire is ongoing, and it is too early to assess the extent of impacts. Peabody continues to work closely with landholders and neighbors and others to ensure stakeholders have access to up-to-date information about the continuing situation.