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BRIEF-Peabody Energy Australia to sell undeveloped tenements in Queensland

Published 10/05/2016, 08:05 am
Updated 10/05/2016, 08:10 am
BRIEF-Peabody Energy Australia to sell undeveloped tenements in Queensland
BTUUQ
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May 9 (Reuters) - Peabody Energy Corp BTUUQ.PK

* Peabody Energy Australia enters into agreements with Pembroke Resources to sell undeveloped tenements in Queensland

* Received cash proceeds of a$65 million as part of transaction

* Additional A$22m of cash proceeds anticipated to be received before end of Q3 of 2016 once certain approvals are granted

* Transactions include Olive Downs South, Olive Downs South Extended, Willunga and Olive Downs North tenements

* Agreement contains no financing condition, with Denham Capital providing all funding for transaction Source text for Eikon: Further company coverage: BTUUQ.PK

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