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Peabody Puts Wilkie Creek Coal Mine In Australia Up For Sale

SYDNEY -(Dow Jones)- U.S. coal giant Peabody Energy Corp. (BTU) has hired UBS AG to find a buyer for its Wilkie Creek coal mine in Australia, in a move that's likely to kindle interest from Asian nations vying to secure coal supply for their growing fleet of power plants. Peabody said the decision to sell Wilkie Creek, which produces more than 2 million metric tons of thermal coal annually for export, was taken in the final three months of last year following its 4.9 billion Australian dollars (US$5.1 billion) takeover of Macarthur Coal. Rapid industrialization in China and India is driving heavy investment in coal-fired power generation, supporting thermal coal prices in the Asia-Pacific region and boosting valuations of mines in countries like Australia and Indonesia, which account for much of the world's seaborne coal trade. Thermal coal from Wilkie Creek is railed to the port of Brisbane and then exported to Japan, Taiwan and South Korea for use in power generation. However, Wilkie Creek's location in the Surat Basin of southeast Queensland state means it lies outside Peabody's core operations in the Bowen Basin, which include Macarthur Coal's producing mines. -By David Winning and Gillian Tan, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
07/29/201517:14:24Proxy Statement - Notice of Shareholders Meeting (preliminary...
07/29/201509:10:00Quarterly Financial Review - Report on Peabody Energy
07/28/201508:18:22Current Report Filing (8-k)
07/28/201508:00:00Peabody Energy Announces Results For The Quarter Ended June 30...
07/22/201511:41:00Investigation of Peabody Energy Corporation Announced by The...
07/16/201509:05:16Current Report Filing (8-k)
07/15/201511:16:00Peabody Energy To Announce Results For The Quarter Ended June...
07/09/201510:50:06Initial Statement of Beneficial Ownership (3)
07/08/201519:18:22Peabody Sells Shuttered Australian Coal Mine
07/08/201517:30:00Peabody Energy Enters Into Agreement To Sell Wilkie Creek Mine...
07/08/201516:09:03Peabody Energy Corporation Gets Good News, Stock Falls 10%
07/08/201506:02:50Current Report Filing (8-k)
07/07/201516:19:00BTU SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP...
07/07/201507:11:02The Reasons Behind Peabody Energy's Beat Down in June
07/06/201515:24:00PEABODY ENERGY NOTIFICATION: Faruqi & Faruqi, LLP Encourages...
07/04/201510:00:033 Energy Stocks That Crashed This Week
07/02/201517:07:46Current Report Filing (8-k)
07/02/201514:48:00BTU SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP...
07/02/201511:28:00Stull, Stull & Brody Announces Continuing Investigation of Claims...
07/02/201511:04:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...

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