Peabody Confirms Incident at Shoal Creek Mine

Rhea-AI Summary

On March 29, 2023, Peabody (NYSE: BTU) confirmed a fire incident at its Shoal Creek Mine in Alabama, which affects materials stabilizing the mine's roof structure. All workers have been safely evacuated, and no visible flames were reported at evacuation time. The Mine Safety and Health Administration (MSHA) has been notified and is currently monitoring the situation. The Shoal Creek Mine, which employs around 419 workers, produced approximately 800,000 tons of coal in 2022. Peabody has not yet assessed the incident's impact on operations and will provide updates as information becomes available.

Positive

• All personnel safely evacuated from the Shoal Creek Mine.
• No visible flames reported during evacuation.

Negative

• Impact of the fire on operations remains unknown.
• Incident may affect the mine's production capacity.

ST. LOUIS, March 29, 2023 /PRNewswire/ -- Peabody (NYSE: BTU) today confirmed a fire that began earlier today at its Shoal Creek Mine involving void fill material utilized to stabilize the roof structure of the mine. The Shoal Creek Mine is near Jefferson, Walker, and Tuscaloosa counties in Alabama. All mine personnel have now been safely evacuated from the mine. The Mine deployed a team of firefighters to address the incident; at the time that team evacuated the mine, they reported that no flames were visible. The Mine Safety and Health Administration (MSHA) has been notified of the incident and is working with mine personnel to monitor the underground environment and determine a safe plan for mine re-entry.

The incident remains subject to further investigation. The company is not able to provide any estimates as to the impact of the fire on the Shoal Creek Mine or on the company's overall operations at this time. That said, the company intends to provide further updates on this incident as more information becomes available. 

Shoal Creek employs approximately 419 workers 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 and we are committed to ensuring that all our employees and contractors go home safely every day.

Media Enquiries:
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.

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SOURCE Peabody

FAQ

What happened at Peabody's Shoal Creek Mine on March 29, 2023?

A fire incident occurred involving void fill material, leading to safe evacuation of all personnel.

How many workers are employed at the Shoal Creek Mine?

The Shoal Creek Mine employs approximately 419 workers.

What was the production output of Shoal Creek Mine in 2022?

The Shoal Creek Mine produced approximately 800,000 tons of coal in 2022.

What actions is Peabody taking in response to the incident?

Peabody is cooperating with the MSHA and intends to monitor the situation and provide updates.

Is the Shoal Creek Mine expected to resume operations soon?

Currently, there are no estimates on when operations may resume as assessments are ongoing.