BHP in box seat to buy troubled Peabody mine

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 7-Feb-20

Peabody Energy is seeking a buyer for its North Goonyella coking coal mine in Queensland, and it has signalled that it is open to a joint venture arrangement. BHP is seen as a potential buyer of the mine, given that it owns nearby assets such as the Goonyella Riverside mine and the undeveloped Red Hill project. Production at North Goonyella has been on hold since part of the mine was damaged by a fire in 2018.

CORPORATES
PEABODY ENERGY CORPORATION, PEABODY ENERGY AUSTRALIA COAL PTY LTD, BHP GROUP LIMITED – ASX BHP

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