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February 17, 2026 - Peabody Energy (BTU) has restarted longwall production at its Centurion coking coal mine in Australia following an eight-year pause. Peabody (BTU), which said on its Q4 earnings conference call that it was moving up its longwall restart time, plans to produce 3.5M tons of coking coal at Centurion in 2026 and 4.7M tons/year starting in 2028.
The company halted production at Centurion - then known as the North Goonyella mine - in September 2018 because of a fire.
Peabody (BTU) CEO James Grech said on Peabody's (BTU) earnings call that coal remains the most valuable U.S. energy asset and is critical to future energy security.
"Coal is, quite simply, America's largest energy asset," Grech said. "More than that, America has more energy in its coal, than any nation has in any one energy source - more energy than Saudi Arabia has in its oil and more energy than Russia has in its natural gas."
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