Peabody Energy’s Wilpinjong mine, located in New South Wales, shipped the first coal to the newly constructed 30 million metric ton per year (mt/y) NCIG export terminal in Newcastle, Australia. The terminal is set to begin exports in April.
Peabody is investing in a major capital program to expand its Australia metallurgical and thermal platform and is set to nearly double export volumes by 2014. Peabody has the second-largest interest in the NCIG terminal and long-term expansion plans at NCIG ultimately will increase terminal throughput to 66 million mt/y. The company owns nine metallurgical and thermal mines in Queensland and New South Wales that last year shipped 22.3 million mt of coal.