ST.
LOUIS, June 20, 2023 /PRNewswire/ -- Peabody
(NYSE: BTU) today announced that Shoal Creek Mine, in coordination
with MSHA, has safely completed localized sealing of two longwall
panels in the J panel area of the mine impacted by a fire in March
involving void fill material. Peabody has begun the process of
resuming development coal production in the new L panel area where
better mining conditions are anticipated.
Shoal Creek is in a ramp-up
period throughout 2023 and expecting delivery of a new longwall kit
at the end 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 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.
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
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 Quarterly Report on Form 10-Q
for the quarter ended March 31, 2023,
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.
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SOURCE Peabody