Jim Grech, Peabody President and CEO, comments:
“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. 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 t and approximately 140 million t 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 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.
