Peabody Energy is shedding 40 staff from its Australian coal operations, citing a range of factors including the COVID-19 crisis.
A Peabody spokeswoman described it as an extremely difficult decision for the company.
“These actions come in response to macro industry conditions, including the mild Northern Hemisphere winter, historically low natural gas prices, trade and policy uncertainties and, most recently, the widespread disruption of COVID-19.”
The spokeswoman said Peabody was offering outplacement assistance and counselling to help affected employees and their families.
The company has not specified which sites will be impacted by the cuts.
Peabody’s Queensland operations include North Goonyella, Coppabella, Middlemount, Millennium and Moorvale mines.
The North Goonyella mine was hit by an underground fire during a longwall move in September 2018, which led to the site’s closure.
In its quarterly report in February, the company said it was ‘commencing commercial process’ for North Goonyella – with a potential sale among the options.