ST. LOUIS, July 8, 2015 /PRNewswire/ -- Peabody Energy
(NYSE: BTU) confirms it has entered into a sale and purchase
agreement with Sekitan Resources Pty, Ltd., a wholly owned
subsidiary of Exergen Pty, Ltd., to sell Peabody's Wilkie Creek Mine and other associated assets in
Queensland's Surat Basin.
The transaction has an aggregate value for Peabody of up to
US$75 million including cash of up to
$20 million and assumption of
liabilities totalling $55 million.
The transaction also releases certain guarantees in place for
reclamation activities. Closing is expected in the third quarter of
2015, subject to satisfaction of certain conditions.
Peabody purchased Wilkie Creek in
2002, and the mine ceased operations in 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. The company serves metallurgical and
thermal coal customers in more than 25 countries on six continents.
For further information, visit PeabodyEnergy.com and
AdvancedEnergyForLife.com.
CONTACT:
Vic Svec
314-342-7768
Logo -
http://photos.prnewswire.com/prnh/20120724/CG44353LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/peabody-energy-enters-into-agreement-to-sell-wilkie-creek-mine-in-australia-300110604.html
SOURCE Peabody Energy