31
Oct
02:21
Peabody increases North Goonyella capex
United States-based coal miner Peabody Energy has increased capital expenditure (capex) for North Goonyella mines, a hard-coking coal longwall operation in Australia, Kallanish notes.
The group says in a statement that total project capital expenditures have been revised to $489 million, an increase of $109 million over prior estimates.
The increase was due to higher labour costs, equipment cost escalations, and increased regulatory and devel…
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