06
Sep
16:41
Peabody divests Burton met coal mine
US coal producer Peabody plans to sell its Burton metallurgical coal mine in Queensland, Australia, for $11 million, Kallanish understands.
The mine will be sold to the Lenton Joint Venture, with closing expected to take place in the first half of 2018. The mine has been in a care, maintenance and rehabilitation state since late 2016.
The Burton mine holds 164 million tonnes of metallurgical coal reserves and produces approximately 4.3 million tonnes/year.&nb…
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