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Matthew Stevens

Cycle surfing Peabody stalled by Queensland gas

Peabody Energy's smooth ride since dragging itself out of bankruptcy and surfing the coal cycle back to wild profitability has been interrupted by a succession of technical problems that suspended work at its North Goonyella mine in Queensland.

Work at one of Peabody's five-strong fleet of metallurgical coal cash cows in the Bowen Basin has been suspended after the underground mine triggered thresholds for methane and carbon monoxide.

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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au

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    Original URL: https://www.afr.com/companies/cycle-surfing-peabody-stalled-by-queensland-gas-20180919-h15lp9