ST.
LOUIS, Dec. 19, 2023 /PRNewswire/ -- Peabody
(NYSE: BTU) today announced that the North Goonyella Mine will now
be known as 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 Mine a global leader
in the metallurgical coal market," Jamie Frankcombe, Peabody's
President of Australian Operations said. "We are excited for the
long future of this operation."
The Centurion Mine remains 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.
Peabody is a leading coal producer, providing essential
productions for the production of affordable, reliable energy and
steel. Our commitment to sustainability underpins everything we do
and shapes our strategy for the future.
Contact
Karla Kimrey
314-342-7890
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the securities laws. Forward-looking statements can
be identified by the fact that they do not relate strictly to
historical or current facts. They often include words or variation
of words such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," "projects," "forecasts,"
"targets," "would," "will," "should," "goal," "could" or "may" or
other similar expressions. Forward-looking statements provide
management's or the Board's current expectations or predictions of
future conditions, events, or results. All statements that address
operating performance, events, or developments that may occur in
the future are forward-looking statements, including statements
regarding the shareholder return framework, execution of the
Company's operating plans, market conditions for the Company's
products, reclamation obligations, financial outlook, potential
acquisitions and strategic investments, and liquidity requirements.
All forward-looking statements speak only as of the date they are
made and reflect Peabody's good faith beliefs, assumptions, and
expectations, but they are not guarantees of future performance or
events. Furthermore, Peabody disclaims any obligation to publicly
update or revise any forward-looking statement, except as required
by law. By their nature, forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
Factors that might cause such differences include, but are not
limited to, a variety of economic, competitive, and regulatory
factors, many of which are beyond Peabody's control, that are
described in Peabody's periodic reports filed with the SEC
including its Annual Report on Form 10-K for the
fiscal year ended Dec. 31, 2022 and Quarterly Report on
Form 10-Q for the quarter ended Mar. 31, 2023, and other
factors that Peabody may describe from time to time in other
filings with the SEC. You may get such filings for free at
Peabody's website at www.peabodyenergy.com. You should
understand that it is not possible to predict or identify all such
factors and, consequently, you should not consider any such list to
be a complete set of all potential risks or uncertainties.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/peabodys-north-goonyella-mine-renamed-centurion-mine-302017155.html
SOURCE Peabody