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Peabody Energy Company News

Thu, 03 Nov 2016 07:25:57 GMT
South32 makes first acquisition, pays $200m for Peabody mine in Australia  -  Creamer Media's Mining Weekly
Peabody president and CEO Glenn Kellow said the transaction was consistent with the company's strategy to strengthen the Australian portfolio. "We expect the transaction to be accretive to the value reflected in the business plan, generate meaningful ...
Thu, 03 Nov 2016 06:50:29 GMT
South32 buys Peabody's Metro Colliery  -  Riverine Herald (registration) (blog)
Diversified miner South32 has agreed to buy the Metropolitan Colliery in NSW and a 16.67 per cent stake in the Port Kembla coal terminal in Wollongong from Peabody Energy for $US200 million ($A261 million). South32 chief executive Graham Kerr says the ...
Thu, 03 Nov 2016 04:24:20 GMT

Peabody Energy to sell NSW coal mine to South32  -  ABC Online
A subsidiary company of Peabody Energy is selling its Metropolitan coal mine at Helensburgh near Wollongong to South 32. Peabody Energy and South 32 announced the sale of the mine including a 16.7 per cent interest in the Port Kembla Coal Terminal for ...
Thu, 03 Nov 2016 04:04:02 GMT
South32 to buy Metropolitan Colliery  -  Geelong Advertiser
South32 has entered into a binding agreement to acquire the Metropolitan Colliery and associated 16.67% interest in the Port Kembla Coal Terminal from Peabody Energy Corporation. Agreed offer includes fully funded, cash consideration of US$200m ...
Thu, 03 Nov 2016 03:48:12 GMT

S32 builds its coal assets with $260 million deal for Peabody's mine  -  ABC Online
BHP's cashed-up spin-off S32 has made its first significant acquisition with a big bet on the coal rally maintaining its strength. S32 has made a binding agreement with the struggling US miner Peabody Energy to buy its Metropolitan Colliery and its ...
Thu, 03 Nov 2016 02:37:21 GMT

South32 buys NSW coal assets for $261m  -  Business News
Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash. The BHP Billiton ...
Thu, 03 Nov 2016 02:18:14 GMT
South32 Pays $200 Million For Peabody's Coal Mine: Bolting On, As Planned  -  Barron's (blog)
A fast and furious rally in coal prices has not deterred South32 (S32.Australia) from improving its asset portfolio through acquisitions. South32 has agreed to buy Peabody Energy's (BTUUQ) Australian coal mining assets – Metropolitan Colliery and ...
Thu, 03 Nov 2016 00:50:45 GMT

South32 scoops up Peabody's Metropolitan coal mine in first M&A move  -  The Australian Financial Review
South32 chief financial officer Brendan Harris says the miner will continue to take an opportunistic approach to growth opportunities in the "attractive" coking coal sector after agreeing to buy Peabody Energy's Metropolitan project for $US200 million.
Thu, 03 Nov 2016 00:09:19 GMT

South32 off the mark with a 'good move'  -  The Australian Financial Review
It may have taken 18-months, but the wait for South32 to buy something was worthwhile. That's the view from Citi analysts who said South32's deal to buy Peabody Energy's Metropolitan Colliery and a stake in the Port Kembla Coal Terminal was "a good one".
Wed, 02 Nov 2016 23:20:04 GMT

South32 to pay $200 million to buy Peabody's Metropolitan mine in Australia  -  STLtoday.com
SYDNEY, Australia • Australia's South32 said on Thursday it will pay $200 million to acquire Peabody Energy's Metropolitan coal mine in Australia amid a resurgence in demand for coal to make steel. St. Louis-based Peabody, the biggest U.S. coal miner, ...