Peabody Energy (NYSE:BTU) announced that it expects production at its North Goonyella Mine in Queensland to resume in four to six weeks, following a mid-August roof fall at the mine. The company estimates a third quarter 2011 EBITDA impact of up to $125 million with full-year effects of up to $175 million. North Goonyella typically produces 200,000 to 250,000 tons per month of high quality hard coking coal. Estimated impacts include reduced shipments as well as higher costs resulting from lower production and recovery activities.
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(BTU, JOE, IL, CLNO) Stock under Consideration by CRWEWallStreet.com
September 8th, 2011 at 12:36 pm