Peabody Provides Update On North Goonyella

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Oct 02, 2018, 18:00 ET

BRISBANE, Australia, Oct. 2, 2018 /PRNewswire/ -- Initial steps taken in early days to extinguish the fire and contain impacts at Peabody's North Goonyella Mine have yielded visible results, with only a slight amount of what appears to be either steam or white smoke emanating at this time from only the one mine shaft.

The mobile GAG unit has continued to run, increasing the amount of high-moisture inert gases in the mine to displace oxygen and reduce conditions for a fire;
Temporary seals using a fire-resistant expandable material have been completed in three of the five primary mine openings to reduce air flow into the mine;
Additional drilling has been under way in advance of sealing the completed longwall panel area from the surface; and
Air quality monitoring equipment is in place around the perimeter of the mine with good results.

The company's first priority is safety as we work to address the complex situation through a deliberate, staged process. At the appropriate time, the company will initiate a formal review of the event, with the involvement of independent third parties, and intends to share learnings with the industry and other stakeholders.

Peabody continues to engage in direct communications with the workforce of the mine. We appreciate the ongoing work of the team at the mine, the Queensland Mine Inspectorate, Queensland Mines Rescue, the union and technical experts who are assisting with a safe response. The company also appreciates the ongoing support of the community and others in the industry. Peabody continues to work closely with landholders, neighbors and others to ensure stakeholders have access to up-to-date information about the continuing situation. The company also intends to provide updates on PeabodyEnergy.com.

Australia Media:
Kellie Schneider
0490 912 543

Corporate Media:
Charlene Murdock
1.314.342.7526

Investment Community:
Stephanie Weiler
1.314.342.7798

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SOURCE Peabody