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Peabody Energy buys Shoal Creek mine from Drummond for US$400 million
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Report summary
On 21 September 2018, Peabody Energy reached an agreement with privately held Drummond Company to buy the Shoal Creek mine, prep plant, and supporting assets in Southern Appalachia for US$400 million. The Shoal Creek mine produces more than 2 Mst per year of high-volatile, low-sulphur metallurgical coal that is exported to European and Asian customers from the Port of Mobile. The deal is subject to regulatory approval and is expected to close by the end of the year.
Table of contents
- Deal boosts Peabody's metallurgical coal production by 2 Mstpa
Tables and charts
This report includes the following images and tables:
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Key FactsMine average cash costs and margin (US$/st)
What's included
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