Peabody (NYSE: BTU) today announced that Shoal Creek Mine, in coordination with MSHA, has safely completed localized sealing of two longwall panels in the J panel area of the mine impacted by a fire in March involving void fill material. Peabody has begun the process of resuming development coal production in the new L panel area where better mining conditions are anticipated.
Shoal Creek is in a ramp-up period throughout 2023 and expecting delivery of a new longwall kit at the end of the year. As a result, Peabody does not expect the current incident to have a material impact on the company’s 2023 financial results.
Shoal Creek is a production-stage underground longwall metallurgical coal mine located 35 miles west of Birmingham, Alabama, USA. The mine extracts coal from the Mary Lee and Blue Creek coal seams at depths of 1,000 to 1,300 feet.
Peabody is a leading producer of metallurgical and thermal coal. The health and safety of our people is our first value.
