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Insiders rat on Peabody over Australian mine fire

Peter Ker

US miner Peabody Energy had a culture of “cutting corners” and pushing safety boundaries before the spontaneous combustion of its best Australian mine, according to evidence given by former employees to a class action lawsuit that has accused the company of misleading investors.

Nine confidential witnesses, including one former safety inspector with the Queensland government’s mines inspectorate, have told a US court of errors in gas management at Peabody’s North Goonyella coking coal mine prior to it catching fire in September 2018.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/insiders-rat-on-peabody-over-australian-mine-fire-20210323-p57dga