Peabody Energy completes development plan for AUD 1.6bn-valued metallurgical coal mine in Australia's Bowen Basin.

Peabody Energy has completed the development plan for its Centurion Metallurgical Coal Mine in Australia's Bowen Basin, estimating a net present value of $1.6 billion. The mine is projected to produce 4.7 million tons annually over a lifespan exceeding 25 years, positioning Peabody as a key player in the metallurgical coal market. Initial development costs are $489 million, with $250 million already invested. A conference call for further updates is scheduled for October 14, 2024.

October 11, 2024
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