Peabody Energy has entered into a sale and purchase agreement with Sekitan Resources, a wholly owned subsidiary of Exergen Pty, to sell its Wilkie Creek mine and various associated assets in Queensland’s Surat Basin.
This transaction will be worth up to US$75 million and is expected to close in 3Q15, subject to meeting certain conditions.
Wilkie Creek ceased operations in 2013. The transaction will release certain guarantees in place for reclamation activities.