https://www.engineeringnews.co.za

Peabody cuts output and staff in Queensland

5th June 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – New York-listed Peabody Energy has announced plans to cut output from its North Goonyella mine, in Queensland, by some 1.5-million tonnes a year.

The modified production plan would see the mine transition to only one production shift a day, over the next month, and would result in a 35% to 40% reduction in employee and contract numbers.

The mine currently employs 519 people, including contractors, and production for 2015 is expected to decline from the three-million tonnes previously forecast, to about 2.3-million tonnes.

Peabody noted that the decrease in production was designed to lower costs and improve cash flows, while increasing productivity and preserving high-quality hard coking coal reserves for sale when markets improved.

The initiative was one of a range of measures the company was taking to improve the business across four key areas of management.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.056 1.276s - 140pq - 2rq
Subscribe Now