Insight
North Goonyella mine idle due to a fire
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Peabody has idled its North Goonyella mine due to a fire. The mine produces MV coking coal and will likely be idle through the end of 2018. We have identified about 32 Mtpa of output from mines nearby, which produce similar quality coal. Spot prices climbed about US$7/t after the fire was identified and have since levelled off. Supply has already been tight, holding prices over US$190/t since early September. The length of the outage will determine the ultimate impact on prices.
Table of contents
- Background
- North Goonyella has been a high-cost operation
- What other Queensland operations could substitute for North Goonyella
- Prices response and expectation
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Bald Hill bauxite mine
Australia Bauxite Ltd. started mining at Bald Hill in 2015.
$2,250
Asset Report
McArthur River zinc smelter project
A detailed analysis of the McArthur River zinc smelter project.
$2,250
Asset Report
Hamersley - Yandicoogina iron ore mine
Yandicoogina produces a low-Fe product (58.5%) but is valued for its low-alumina, low-phosphorous and coarse sizing.
$2,250
