![Peabody eyes coking coal expansion at Aus mine](https://cisp.cachefly.net/assets/articles/images/resized/0001126736_resized_peabodynorthgoonyellaaustralia1.jpg)
Coal miner Peabody is developing a 130-million-ton, 25-year-plus mine plan for the Centurion complex, in the Bowen basin of Queensland.
The mine plan incorporates the newly acquired Wards Well deposit, which Peabody acquired from ASX-listed Stanmore Resources for $136-million in cash and a contingent royalty of up to $200-million.
The acquisition for the deposit represents a strategic opportunity to extend the mine life of Centurion.