Peabody Energy Enters Into Agreement With Bentley Resources To Sell Wilkie Creek Mine In Australia

May 13, 2014, 14:28 ET from Peabody Energy

ST. LOUIS, May 13, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions.

Wilkie Creek has been closed since December 2013.

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SOURCE Peabody Energy