The expansion is expected to increase capacity by 1 million metric tons (mt) within several years. Capital investments for the expansion are expected to total $70 million, of which approximately $15 million is targeted for 2010. A longwall mining operation, Metropolitan exported 1.5 million mt of mostly hard coking coal in 2009 through Port Kembla, south of Sydney. Peabody has multiple Australian expansion projects targeted at raising the company’s met coal shipments to 12 to 15 million mtpy by 2014, while increasing thermal coal export capacity to 15 to 17 million mtpy. The company is targeting a 20% to 30% increase in 2010 thermal exports and met coal shipments to meet growing global demand.

Share