ADVFN - Advanced Financial Network.
HOME» NYSE » P » BTU Stock Price » BTU Stock News

Peabody Share News

 Peabody Energy Corp Stock Price
BTU Stock Price
 Peabody Energy Corp Stock Chart
BTU Stock Chart
 Peabody Energy Corp Stock News
BTU Stock News
 Peabody Energy Corp Company Information
BTU Company Information
 Peabody Energy Corp Stock Trades
BTU Stock Trades

PTT Mulls Bid For Peabody's Wilkie Creek Coal Mine -Sources

SYDNEY -(Dow Jones)- Thailand's PTT PCL (PTT.TH) is considering a bid for Peabody Energy Corp.'s (BTU) Wilkie Creek coal mine in Australia, estimated to be worth between A$500 million and A$750 million, two people familiar with the matter said Friday. PTT is reviewing data on the mine in the Surat Basin of southeast Queensland state ahead of a deadline for non-binding, preliminary offers on April 23, the people said. An information memorandum on Wilkie Creek, which annually produces around 2 million metric tons of thermal coal for export to Asia and has a resource of more than 500 million tons, was sent to potential bidders late last month. Peabody hired UBS AG (UBS) earlier this year to advise on the sale of Wilkie Creek, which it considers to be non-core following its A$4.9 billion acquisition of Macarthur Coal Ltd. last year. PTT dipped a toe into overseas coal exploration when completing the acquisition of Straits Resources' coal business--focused around assets in Indonesia, Brunei and Madagascar--for 16 billion Thai baht (US$520 million) last year. That deal forms part of PTT's target of increasing coal output to 30 million tons over five years, from 3 million tons in 2010. -By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
No Recent News Available

Peabody Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad