September 21, 2018 BY Valentina Kirilova

Peabody to acquire Shoal Creek mine assets from Drummond Company

Peabody (NYSE:BTU) has just announced that it has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine from private coal producer Drummond Company, Inc. for $400 million. Shoal Creek is located on the Black Warrior River in Central Alabama and serves Asian and European steel mills with high-vol A coking coal. The…

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