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Peabody Energy Enters Into Agreement With Bentley Resources To Sell Wilkie Creek Mine In Australia



May 13, 2014

Peabody Energy (NYSE: BTU) announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions.

Wilkie Creek has been closed since December 2013.

Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal solutions. For further information, visit to www.PeabodyEnergy.com and www.AdvancedEnergyForLife.com.

For more information :

Organization:
Peabody Energy
Address:
701 Market St.
St. Louis, Montana
United States, 63101-1826
peabodyenergy.com

Contact person:
Chris Curran
Tel: +1-314-637-8273


Link http://www.electricenergyonline.com/detail_news.php?ID=481993
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