Peabody Energy Announces Major Expansion for Gateway
The project will advance underground operations north of the existing site and will increase annual capacity by 40% to 4.5 million tons within several years. Capital investments for the expansion are expected to total approximately $175 million.
“We are expanding Gateway to serve one of the fastest-growing markets in the United States,” said Greg Boyce, chairman and CEO, Peabody Energy.
“Gateway has earned a reputation as one of the safest and most productive operations in the Midwest. This expansion demonstrates the strength of our leading reserve base to capitalize on long-term growth opportunities in high-demand, lowcost regions.”
Licensing and mine engineering activities are progressing, and the initiative is subject to permitting and regulatory approval.