Peabody Energy has announced the successful shipment of its first coal product from the Centurion Mine in Queensland’s Bowen Basin.
The move marks a significant milestone in the redevelopment of the premium hard coking coal mine. The shipment was sent to the Dalrymple Bay Coal Terminal and exported to an Asian customer last week.
Centurion Mine is ramping up production, aiming for higher-volume longwall production by March 2026.
The mine’s annual production is set to average 4.7mt, with approximately 140mt in reserves, ensuring a mine life of more than 25 years.
The premium hard coking coal from Centurion is crucial for producing original steel, which is used in infrastructure and renewable energy projects.
Peabody president and CEO Jim Grech said: “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 are delivering on that plan.
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“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.”
The coal from Centurion mine is valued for its high coke strength and low impurities, enhancing steel production efficiency and supporting decarbonisation in the steelmaking process.
Additionally, Peabody is advancing sustainability efforts with a 5MW power station project at Centurion mine, aimed at reducing emissions by reusing waste gas from the coal seams.
With a mine life of more than 25 years, Centurion Mine is a pivotal asset in Peabody’s global portfolio.
The metallurgical coal from Centurion is an important component in steelmaking, which is vital for infrastructure development.
In November, Peabody announced an agreement to acquire four Tier 1 steelmaking coal mines from Anglo American.
This acquisition, scheduled for completion by mid-2025, alongside Centurion’s redevelopment, will reweight Peabody’s global coal portfolio towards metallurgical coal.
