01:08 PM EDT, 05/06/2025 (MT Newswires) -- Peabody Energy ( BTU ) on Tuesday confirmed that it is exploring a potential partial sale of its Centurion coal mine in Australia.

During its Q1 earnings call, company executives said they had received a "robust response" to initial outreach efforts but emphasized that no decision had been made regarding a sale.

The Australian Financial Review in March reported that bankers from MA Moelis had contacted Asian steelmakers, traders, and offtakers about a minority interest in the 4.3 million-tonnes-a-year Centurion Mine, which began production last year following a redevelopment.

Shares of Peabody were up nearly 7% in recent trading.

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