Millennium

Millennium mine is located near the town of Moranbah in the Bowen Basin. Mining commenced in May 2006 at a rate of 1.5 million tonnes (1.65 million tons) a year. The mine plans to increase its annual saleable PCI and coking coal production to three million tonnes (3.3 million tons) as port constraints are eased at Dalrymple Bay Coal Terminal. Millennium provides a low ash coking coal and low to mid-volatile PCI coal to customers in Japan, Korea and India.

The open-cut mine is operated under contract by Downer Edi Mining using conventional truck and excavator mining methods. With Millennium located adjacent to BHP Mitsui Coal's Poitrel project, Peabody and BHP Mitsui Coal have agreed - through the Red Mountain Joint Venture - to share coal infrastructure with a total annual capacity of six million tonnes (6.6 million tons). Millennium has other strategic advantages. Located south of Burton and North Goonyella mines, it offers Peabody the opportunity for operational synergy in the north Bowen Basin.

Millennium's mining lease covers 3000 hectares.

Peabody acquired 84.6 percent of the mine in October 2006.

 

© Copyright 2008 Peabody Energy                 Site Plan