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Tag: North Goonyella

Class action lawsuit over North Goonyella fire

Written by dev on . Posted in All News, Coal, Energy.

A class action lawsuit has been launched against Peabody Energy and two executives over the North Goonyella coal mine fire in Central Queensland.

Law firm Labaton Sucharow has filed the action on behalf of Oklahoma Firefighters Pension and Retirement System, arguing stockholders had been adversely impacted by the company's actions from April 3, 2017 to October 28, 2019.

However a Peabody spokeswoman said today: "We are confident our disclosures have been proper."

The Queensland Mines Inspectorate is considering ‘potential compliance activity’ regarding the underground fire, which happened during a longwall move in September 2018 and led to the Bowen. . .

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Action pending on North Goonyella fire

Written by dev on . Posted in All News, Coal.

The Queensland Mines Inspectorate is currently considering 'potential compliance activity' in relation to a fire in an underground mine in the northern Bowen Basin two years ago.

The Peabody owned North Goonyella mine was hit by an underground fire during a longwall move in September 2018, which led to the site’s closure.

The company announced in February that it has the mine on the market.

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Peabody puts North Goonyella sale on the table

Written by dev on . Posted in All News, Coal, Energy.

Peabody Energy's troubled North Goonyella metallurgical coal mine in Central Queensland is on the market.

In its quarterly report, the global coal mining giant said it was 'commencing commercial process' for North Goonyella in tandem with the ongoing mine dfevelopment plan.

"The process comes in response to substantial expressions of interest in this valuable asset from potential strategic partners and other producers," the company stated.

"Commercial outcomes could include a strategic financial partner, joint venture structure or complete sale of North Goonyella. 

"At this time, Peabody is in discussions with the Queensland Mines Inspectorate (QMI) regarding ventilation and. . .

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