Peabody Seals Fire Mishap Area; To Resume Coal Production In New Area

(RTTNews) - Peabody Energy Corporation (BTU), a coal miner, said on Tuesday that Shoal Creek Mine, in coordination with the Mine Safety and Health Administration or MSHA, has completed localized sealing of two longwall panels in the J panel area. The sealed area of the mine was impacted by a fire accident in March.

Peabody said that it has started the process of resuming coal production in the new L panel area, where better mining conditions are expected. Shoal Creek expects delivery of a new longwall kit at the end of the year.

Peabody does not expect any a material impact from the accident on its 2023 results.

Shoal Creek is a production-stage underground longwall metallurgical coal mine located 35 miles west of Birmingham, Alabama, of the U.S. The mine extracts coal from the Mary Lee and Blue Creek coal seams.