NYSE-listed Peabody has renamed its North Goonyella mine, in Queensland, Australia, to the Centurion mine.
In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit adjacent to the existing North Goonyella mine. 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.
"The combined resources will make Centurion a global leader in the metallurgical coal market. We are excited for the long future of this operation," says Peabody Australian operations president Jamie Frankcombe.
The Centurion mine remains on track to start mining 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 gets under way in 2026.