Business
Coal miner Peabody to pause Helensburgh’s Metropolitan Mine for weeks due to ‘challenging’ market – ABC News
Mining giant Peabody will temporarily close its Metropolitan Mine on the Illawarra Coast for eight weeks starting January 4 due to “intense pressure” on coal demand…
The mining giant Peabody has announced it will temporarily close its Metropolitan Mine at Helensburgh on the NSW Illawarra Coast for eight weeks starting on January 4, due to what it says are “challenging market conditions”.
Key points:
- The company says there has been a decrease in demand for coal during the COVID-19 pandemic
- The energy union says Metropolitan Mine has no contracted sales for their coal which means they cannot keep producing it
- Workers will be able to access paid leave during the…
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