Peabody Proceeding With Reventilation Of First Segment Of North Goonyella Mine

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May 24, 2019, 08:28 ET

ST. LOUIS, May 24, 2019 /PRNewswire/ -- Peabody (NYSE: BTU) today announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in 2020.

"This marks an important first step in the next phase of activities aimed at resuming normal operations at North Goonyella," said Glenn Kellow, Peabody President and Chief Executive Officer. "As we move forward in the process, we appreciate the ongoing support of our many stakeholders including our employees, the union, customers, the Inspectorate, neighboring mines, the community of Moranbah and countless others."

Periodic updates will continue to be available on the company's website at PeabodyEnergy.com.

Peabody (NYSE: BTU) is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. Peabody offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, sustainability, leadership, customer focus, integrity, excellence and people. For further information, visit PeabodyEnergy.com.

Forward-Looking Statements

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Contact:
Vic Svec
314.342.7768

SOURCE Peabody