Peabody Announces First Coal Shipment from Centurion Mine

December 17, 2024 06:00 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Marks another major milestone in the redevelopment of the premium steelmaking coal mine

ST. LOUIS, Dec. 17, 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

Logo - https://mma.prnasia.com/media2/133191/peabody_energy_logo.jpg?p=medium600 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.