Street Talk

Peabody Energy shops minority stake in $US1.6b Centurion coal mine

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 11, 2025 – 4.17pm

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Four months after New York-listed Peabody Energy swooped on Anglo American’s metallurgical coal mines in Queensland for $US3.78 billion ($6 billion), it has kicked off a sell-down at one of its assets in the Bowen Basin.

Street Talk can reveal that Peabody’s bankers at MA Moelis started reaching out to Asian steelmakers, traders and offtakers about two weeks ago, soliciting bids for a minority interest in the 4.3 million-tonnes-a-year Centurion Mine joint venture that went into production last year after a redevelopment.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.