Marks another major milestone in the
redevelopment of the premium steelmaking coal mine
ST.
LOUIS, Dec. 16, 2024 /PRNewswire/ -- Peabody
(NYSE: BTU) today announced that it has successfully shipped the
first product from its Centurion Mine in Queensland's Bowen Basin, marking another
major milestone in the redevelopment of the premium hard coking
coal mine.
The inaugural shipment was delivered to the Dalrymple Bay Coal
Terminal and loaded for export to a customer in Asia last week. This achievement highlights
Centurion's ongoing ramp up toward higher-volume longwall
production that is targeted to begin in March 2026.
"Two years ago, we announced the redevelopment of this mine with
a plan to transform it into a world-class operation supplying
premium hard coking coal to global markets, and this week we're
delivering on that plan," Jim Grech,
Peabody President and Chief Executive Officer, said. "This is the
first strategic step in transforming Peabody into a primarily
metallurgical coal producer, and we are proud of the strong
progress being made."
With a planned annual production averaging 4.7 million tons and
approximately 140 million tons of reserves, the operation has a
mine life of more than 25 years. The premium hard coking coal
supplied from Centurion is essential to making original steel, a
foundation material for hospitals, schools and bridges as well as
renewable energy infrastructure like wind turbines. Centurion coal
is sought after for its high coke strength and low impurities,
qualities that enhance steel production efficiency and support
decarbonisation in the steelmaking process.
Centurion is also advancing Peabody's commitment to
sustainability with predevelopment works underway for 5 megawatt
(MW) power station at the mine supporting the project's emission
abatement goals by reusing waste gas from the coal seams.
In November, the company announced an agreement to acquire four
Tier 1 steelmaking coal mines from Anglo
American. The completion of that acquisition, intended for
mid-2025, combined with the redevelopment of Centurion, accelerates
Peabody's strategy to reweight its global coal portfolio and cash
flows to metallurgical coal.
Peabody is a leading coal producer, providing essential products
for the production of affordable, reliable energy and steel. Our
commitment to sustainability underpins everything we do and shapes
our strategy for the future. For further information, visit
PeabodyEnergy.com.
Please find interviews and background video here and photos
here.
CONTACT:
Vic Svec
+1.314.342.7890
View original content to download
multimedia:https://www.prnewswire.com/news-releases/peabody-announces-first-coal-shipment-from-centurion-mine-302332826.html
SOURCE Peabody