ST.
LOUIS, March 30, 2023 /PRNewswire/ -- Peabody
(NYSE: BTU) today provided an update following yesterday's fire at
Shoal Creek Mine near Birmingham,
Alabama. Peabody is continuing to work with the Mine Safety
and Health Administration (MSHA) on a reentry plan. Gas
monitoring of exhaust air is showing acceptable air quality and
atmospheric conditions within the mine.
Shoal Creek is in a ramp-up
period throughout 2023 and expecting delivery of a new longwall kit
during the second half of the year. As a result, Peabody does
not expect the current incident to have a material impact on the
Company's 2023 financial results.
Shoal Creek has approximately 419 employees and is a
production-stage underground longwall metallurgical coal mine
located 35 miles west of Birmingham, Alabama, USA. The mine extracts coal from the
Mary Lee and Blue Creek coal seams at depths of 1,000 to 1,300
feet. The Shoal Creek Mine produced approximately 800,000 tons of
coal in 2022.
Peabody is a leading producer of metallurgical and thermal coal.
The health and safety of our people is our first value.
CONTACT:
Mary Compton
314-342-3489
mcompton@peabodyenergy.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the securities laws. Forward-looking statements can
be identified by the fact that they do not relate strictly to
historical or current facts. They often include words or variation
of words such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," "projects," "forecasts,"
"targets," "would," "will," "should," "goal," "could" or "may" or
other similar expressions. Forward-looking statements provide
management's current expectations or predictions of future
conditions, events, or results. All statements that address
operating performance, events, or developments that may occur in
the future are forward-looking statements, including statements
regarding the potential impacts of the incident at the Shoal Creek
Mine, including impacts on the operations at the mine or on
Peabody's overall operations. All forward-looking statements speak
only as of the date they are made and reflect Peabody's good faith
beliefs, assumptions, and expectations, but they are not guarantees
of future performance or events. Furthermore, Peabody disclaims any
obligation to publicly update or revise any forward-looking
statement, except as required by law. By their nature,
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
suggested by the forward-looking statements. Factors that might
cause such differences include, but are not limited to, a variety
of economic, competitive, and regulatory factors, many of which are
beyond Peabody's control, including the that are described in
Peabody's Annual Report on Form 10-K for the fiscal year
ended Dec. 31, 2022, and other factors that Peabody may
describe from time to time in other filings with the SEC. You may
get such filings for free at Peabody's website
at www.peabodyenergy.com. You should understand that it
is not possible to predict or identify all such factors and,
consequently, you should not consider any such list to be a
complete set of all potential risks or uncertainties.
SOURCE Peabody
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SOURCE Peabody