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.
Edited from Press Release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/09072015/peabody-to-sell-wilkie-creek-mine-2532/