Global coal miner Peabody Energy has succeeded in expanding its holding at its North Goonyella operation in Queensland, and to mark the growth is renaming it the Centurion mine.
Peabody officials said the change comes after the company reached an agreement to acquire a large portion of the Wards Well coal deposit, situated adjacent to the existing North Goonyella complex. The new name reflects the pending addition of the acquired resources, creating a premier, tier one premium hard coking coal mine with a life of 25 years or more.
Centurion, located in the Bowen Basin region near Moranbah, is still on track to commence mining of development coal in the first quarter of 2024. The project is expected to reweight Peabody’s long-term production and revenue toward metallurgical coal when longwall production commences in 2026.
“The combined resources will make Centurion mine a global leader in the metallurgical coal market,” said Peabody President of Australian Operations Jamie Frankcombe. “We are excited for the long future of this operation.”
At the heart of the new project is a new 300-metre longwall system, the output from which will feed a handling and preparation plan and dedicated rail loop that will transport to the Dalrymple Bay Coal Terminal.
In all, Peabody has 17 operations across the U.S. and Australia.
Source: Peabody Energy