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Peabody Energy Approves Wilpinjong Expansion in Australia |
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Thursday, 26 August 2010 10:30 |
Peabody Energy has approved expansion of the Wilpinjong thermal coal mine in New South Wales, which is expected to increase production by 2 to 3 million tons annually beginning in 2012. Capital investment for the project is expected to total approximately $90 million, which includes approximately $20 million targeted for 2010. Expanded production from Wilpinjong, which is among the lowest cost mines in the country, will serve export markets using new port capacity from the recently commissioned Newcastle Coal Infrastructure Group (NCIG) terminal. In 2009, Wilpinjong shipped 8.3 million tons and is among a portfolio of Peabody operations in Queensland and New South Wales that is targeted to ship 27 to 29 million tons this year.
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