US-based coal miner Peabody Energy has announced that it has managed to make its first coal shipment from its Centurion mine located in the Bowen Basin in the state of Queensland, Australia.
Accordingly, the cargo was delivered to the Dalrymple Bay Coal Terminal and then loaded to a vessel for shipment to a customer in Asia. Peabody’s coal is in demand with its high coke strength and low impurity, which is vital for efficiency and decarbonization in steelmaking.
Having about 140 million mt of reserves and a premium hard coking coal production capacity of 4.7 million mt per year, the Centurion mine will last more than 25 years. The company will also build a 5 MW power station at the mine to support its decarbonization efforts.
As SteelOrbis reported last month, Peabody had acquired UK-based mining giant Anglo American’s Moranbah North, Capcoal, Aquila and Grosvenor mines in Australia to strengthen its presence in the global market. Following this development, The Institute for Energy Economics and Financial Analysis (IEEFA) stated that the company in question will become one of the largest coal producers in Queensland, Australia.