US coal miner Peabody has started a commercial process to potentially sell its North Goonyella coking coal mine, in central Queensland, Australia, where mining has been stopped since an underground fire there in 2018.
The commercial process outcomes could include a strategic financial partner, a joint venture structure or a complete sale of the asset, president and CEO Glenn Kellow said on Wednesday.
“This process is in response to substantial expressions of interest from potential strategic partners, as well as other producers,” he stated in a conference call, discussing the group’s fourth-quarter results.