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An announcement from Peabody Energy Comm ( (BTU) ) is now available.
Peabody Energy Corporation has announced substantial developments at its Centurion Mine, a key metallurgical coal project in Australia’s Bowen Basin. This move is set to reposition Peabody as a leading metallurgical coal producer, with the mine expected to produce an average of 4.7 million tons annually at low costs over its 25+ year lifespan. The project, already underway with initial coal production and a completed prep plant, is projected to have a net present value of $1.6 billion and significantly contribute to Peabody’s long-term cash flows and shareholder value, emphasizing the increasing demand for premium hard coking coals.
See more data about BTU stock on TipRanks’ Stock Analysis page.