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Peabody declares force majeure on Australian North Goonyella coking coal

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Peabody declares force majeure on Australian North Goonyella coking coal

Peabody Energy Corp. declared force majeure on its North Goonyella coking coal Oct. 9 due to elevated gas levels at the mine site, market sources told S&P Global Platts.

The North Goonyella mine in Queensland, Australia, produces mainly premium mid-vol coking coal for export via the Dalrymple Bay Coal Terminal south of Mackay to global seaborne demand centers.

Peabody said Sept. 28 that the mine would likely be idled for the entire fourth quarter as the company works to extinguish a fire and contain its impacts.

In 2017, 2.9 million tonnes of coal were sold from the North Goonyella mine.

S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.