Peabody sells Wilkie Creek

Posted July 9, 2015

Wilkie Creek

The world’s largest private sector coal company is off-loading its assets in Queensland’s Surat Basin.
Sekitan Resources based in the United States city of St Louis, will take over the Wilkie Creek Mine for a combined $US27m cash and $55m in liabilities.
The deal is expected to close in the third quarter of 2015.
Peabody purchased Wilkie Creek, located 40km west of Dalby, in 2002. The company ceased operations at the mine in 2013.
The Wilkie Creek product is described as environmentally superior coal which is sought after in the Asian market.

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