Coal miner Peabody has completed its acquisition of Wards Well coal deposit immediately next to its Centurion mine complex in Queensland, Australia. The transaction was with seller Stanmore Resources, and carried a cash price tag of $136 million as well as a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices…
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Global coal miner Peabody Energy has succeeded in expanding its holding at its North Goonyella operation in Queensland, and to mark the growth is renaming it the Centurion mine. Peabody officials said the change comes after the company reached an agreement to acquire a large portion of the Wards Well coal deposit, situated adjacent to the existing North Goonyella complex.…
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Peabody Energy, which suffered an underground fire at Shoal Creek in Alabama in late March, has confirmed that it has sealed two of its longwall panels in favor of a new location for production that it feels will offer better mining conditions. Full story.
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Peabody teams are working with federal regulators on a re-entry plan after a fire was discovered at Peabody Energy’s Shoal Creek longwall coal mine outside of Birmingham, Alabama late last week. Full story.
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Peabody Energy confirmed it has decided to advance plans for redevelopment of the North Goonyella coking coal longwall operation in Queensland with 70 million tons of its company-controlled reserves. Read full article.
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Following media reports speculating on rumors of a deal, Coronado Global Resources confirmed it is indeed in talks with Peabody Energy regarding a potential transaction. Read full article.
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