The Centurion mine, Peabody Energy’s world class hard coking coal growth project in Australia, continues to advance on time and on budget. “Development at Centurion remains on plan, with initial underground development rates exceeding expectations,” said Jim Grech, president and CEO, Peabody Energy. “We reached first development coal in Q2 2024 and expect to ship to customers beginning in Q4 2024.”
Centurion commissioned a second continuous miner in July. The company said it expects to ship first coal in Q4 2024, and it remains on track to start longwall production in Q1 2026. To date, approximately $200 million of the $489 million of capital expenditures budgeted to reach longwall production has been completed at the end of Q2 2024.
Centurion is expected to have a mine life of 25 years or more, and average annual longwall production of 4.7 million tons. Peabody said the benchmark premium hard coking coal from Centurion is expected to receive a premium price relative to other metallurgical coals.
