Peabody Energy Launches long-range production at Centurion Coking Coal Mine after Eight-year Shutdown

American coal mining company Peabody Energy has announced the successful launch of long-range production at its high-end Centurion hard coking coal mine in Australia, almost two months ahead of schedule after an eight-year hiatus, strengthening its position in the offshore metallurgical coal market. The company stopped working at the mine in September 2018 due to a fire.

Peabody Energy also stated that it plans to produce 3.5 million tons of coking coal at Centurion in 2026 and increase production to 4.7 million tons by 2028.

Strategic role in the metallurgical coal portfolio

The launch of long-wall operations marks an important milestone for the company, strengthening its metallurgical coal platform and supporting margin improvement. The project is expected to enhance Peabody's ability to supply its customers with a highly sought-after premium coking coal product.

According to the company, the Centurion mine will play a key role in meeting customer demand in the coming years.