Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Peabody to retain 2 million ton per year metropolitan hard coking coal mine in new south wales australia

Published 18/04/2017, 11:14 am
© Reuters.  BRIEF-Peabody to retain 2 million ton per year metropolitan hard coking coal mine in new south wales australia

April 17 (Reuters) - Peabody Energy Corp BTU.N

* Peabody to retain 2 million ton per year metropolitan hard coking coal mine in New South Wales Australia

* Will retain metropolitan metallurgical coal mine and its associated 16.67 percent interest in port Kembla Coal terminal in company's portfolio

* Peabody Energy Corp - as a result of South32 not completing acquisition of mine, peabody will retain previously negotiated deposit

* Peabody Energy Corp - intends to continue to pursue its financial priorities of reducing debt

* Peabody Energy - purchaser south32 terminated purchase contract after it was unable to get clearance from Australian Competition and Consumer Commission

* Termination of transaction has no effect on operations

* Metropolitan intends to fully resume shipments following scheduled completion of a longwall move to a new coal panel at end of may Source text for Eikon: ID:nPn31V8KDa Further company coverage: BTU.N

(Bengaluru Newsroom)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.