19
Jan
20:10
Peabody arranges credit facility to aid met-coal investment
Peabody Energy has arranged $320 million in new financing that will be available while it develops a metallurgical coal production site in Australia, Kallanish learns from the St. Louis, Missouri-based company.
Peabody is "taking the next steps to achieve our goal of making the Centurion Mine a global leader in the metallurgical coal market," cfo Mark Spurbeck states in a press release.
The credit line will offer financial support and flexibi…
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Anonymous
Very good overview of the weekly steel market.
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