Peabody to expand Australian coal mine by 1 million tons per year

Peabody Energy (BTU) approved the upgrade and expansion of the Metropolitan Mine in New South Wales, Australia.

The expansion is expected to increase capacity by 1 million tons within several years. Capital investments for the expansion are expected to total $70 million, of which approximately $15 million is targeted for 2010. Metropolitan Mine received final permits to proceed with the expansion in the second half of 2009.

Peabody has multiple Australian expansion projects targeted at raising the company's metallurgical coal shipments to 12 to 15 million tons per year by 2014, while increasing thermal coal export capacity to 15 to 17 million tons per year. Peabody says it is targeting a 20 to 30 percent increase in 2010 thermal exports and met coal shipments to meet growing global demand.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs